Historical cheapness: current PE is 13.4× versus the full-history median of 15.2× shown in the valuation table, producing 58.6/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 56.4/100. The model applies a 6.4% earnings-growth assumption and a 10% annual return hurdle, with positive credit limited by evidence coverage and confidence.

Forward price scenarios use recent PE history separately. Recent history has a separately weighted median of 14.1× (18-month half-life). The favorable scenario uses 14× PE and $24.3 projected EPS, informed by growth, margins and earnings-quality checks. This is a model scenario, not an analyst target. A return to the full-history median is not assumed.

Business trends are strong. Over the past year: revenue +9.4%, earnings +52.9%, operating margin +2.8 percentage points. The business score is 69/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

Stronger earnings and valuation could support a higher share price.

Our favorable case uses $24.29 of EPS and a 14× PE, suggesting a share price of about $340.89. Valuation history and outlook inform the PE.

The displayed favorable scenario is 20.7% upside, or about $340.93.

This is a scenario based on our model, not a forecast or probability.

Weaker than expected earnings could put pressure on the share price.

Our downside case uses $17.78 of EPS and a 12.5× PE, suggesting a share price of about $222.62 — 21% below today’s price. Valuation history and outlook inform the PE.

This is a scenario based on our model, not a forecast or probability.