The score fell 13 points, mainly due to valuation and price changes. Price fell 0.1%, from $210.76 to $210.65.

Valuation and price changes subtracted 13.1 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 58.3× versus the full-history median of 19.7× shown in the valuation table, producing 8.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 9.8/100. The model applies a 33.2% 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 27× (18-month half-life). The favorable scenario uses 48.5× PE and $4.9 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 mixed. Over the past year: revenue +4.6%, earnings +18.4%, operating margin +0.6 percentage points. Free cash flow is 11.2% of revenue. The business score is 64.1/100. 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 $4.91 of EPS and a 48.5× PE, suggesting a share price of about $238.29. Valuation history and outlook inform the PE.

The displayed favorable scenario is 19.9% upside, or about $238.33.

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 $2.95 of EPS and a 44.9× PE, suggesting a share price of about $132.59 — 33% below today’s price. Valuation history and outlook inform the PE.

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