Historical cheapness: current PE is 23.7× versus the full-history median of 28.7× shown in the valuation table, producing 62.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 60.3/100. The model applies a 5.6% 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 23.7× (18-month half-life). The favorable scenario uses 23.9× PE and $4.2 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 +13.2%, earnings +11.6%, operating margin +1 percentage points. Free cash flow is 3% of revenue. The business score is 64.5/100. 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 $4.17 of EPS and a 23.9× PE, suggesting a share price of about $99.81. Valuation history and outlook inform the PE.

The displayed favorable scenario is 15.4% upside, or about $99.80.

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 $3.07 of EPS and a 21.6× PE, suggesting a share price of about $66.11 — 24% below today’s price. Valuation history and outlook inform the PE.

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