Historical cheapness: current PE is 14.1× versus the full-history median of 13.3× shown in the valuation table, producing 46.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 47.3/100. The model applies a 13.7% 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 15.8× PE and $6.6 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 +3.2%, earnings +40.9%, operating margin +6.9 percentage points. The business score is 70/100. 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 $6.60 of EPS and a 15.8× PE, suggesting a share price of about $104.39. Valuation history and outlook inform the PE.

The displayed favorable scenario is 37.7% upside, or about $104.38.

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 $4.56 of EPS and a 12.7× PE, suggesting a share price of about $57.98 — 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.