Historical cheapness: current PE is 15.8× versus the full-history median of 19.1× shown in the valuation table, producing 62.6/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 61.2/100. The model applies a 7.6% 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 15.8× (18-month half-life). The favorable scenario uses 16.2× PE and $2.7 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 +5.9%, earnings +5.5%, operating margin +7 percentage points. Free cash flow is 3.4% of revenue. The business score is 68.9/100. 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 $2.66 of EPS and a 16.2× PE, suggesting a share price of about $43.02. Valuation history and outlook inform the PE.

The displayed favorable scenario is 18.9% upside, or about $43.03.

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 $1.94 of EPS and a 14.4× PE, suggesting a share price of about $27.89 — 23% below today’s price. Valuation history and outlook inform the PE.

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