Historical cheapness: current PE is 58× versus the full-history median of 28.6× shown in the valuation table, producing 14.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 17.3/100. The model applies a 27.7% 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 42.9× (18-month half-life). The favorable scenario uses 52.6× PE and $2.3 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 +10.6%, earnings +97.7%, operating margin +2 percentage points. Free cash flow is 4.8% of revenue. The business score is 71.1/100. 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 $2.35 of EPS and a 52.6× PE, suggesting a share price of about $123.70. Valuation history and outlook inform the PE.

The displayed favorable scenario is 25.4% upside, or about $123.72.

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 $1.46 of EPS and a 43× PE, suggesting a share price of about $62.78 — 36% below today’s price. Valuation history and outlook inform the PE.

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