The score fell 2 points, mainly due to valuation and price changes. Price fell 8.0%, from $65.12 to $59.89.

Valuation and price changes subtracted 1.2 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 32.1× versus the full-history median of 31.9× shown in the valuation table, producing 49.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 51.1/100. The model applies a 14% 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 30.2× (18-month half-life). The favorable scenario uses 31.5× 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 mixed. Over the past year: revenue +3.5%, earnings +60.2%, operating margin -0.2 percentage points. Free cash flow is 3.1% of revenue. The business score is 60.1/100. 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 $2.34 of EPS and a 31.5× PE, suggesting a share price of about $73.65. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.2% upside, or about $73.67.

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 $1.59 of EPS and a 25× PE, suggesting a share price of about $39.78 — 35% below today’s price. Valuation history and outlook inform the PE.

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