Historical cheapness: current PE is 12.5× versus the full-history median of 13.5× shown in the valuation table, producing 55.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 52.7/100. The model applies a 6.2% 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 14.2× (18-month half-life). The favorable scenario uses 13.6× PE and $3.7 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 +1.8%, earnings +36.3%, operating margin +1.8 percentage points. Free cash flow is 8.8% of revenue. The business score is 66.2/100. 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 $3.66 of EPS and a 13.6× PE, suggesting a share price of about $49.69. Valuation history and outlook inform the PE.

The displayed favorable scenario is 24.3% upside, or about $49.68.

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 $2.69 of EPS and a 11.1× PE, suggesting a share price of about $29.87 — 25% below today’s price. Valuation history and outlook inform the PE.

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