Historical cheapness: current PE is 11× versus the full-history median of 10× shown in the valuation table, producing 43.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 42.4/100. The model applies a 8.4% 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 11.4× (18-month half-life). The favorable scenario uses 11.5× PE and $3.2 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 strong. Over the past year: revenue +14.8%, earnings +147.3%, operating margin +2.8 percentage points. The business score is 72.2/100. 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 $3.24 of EPS and a 11.5× PE, suggesting a share price of about $37.36. Valuation history and outlook inform the PE.

The displayed favorable scenario is 22.7% upside, or about $37.35.

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 $2.35 of EPS and a 9.5× PE, suggesting a share price of about $22.27 — 27% below today’s price. Valuation history and outlook inform the PE.

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