Historical cheapness: current PE is 39.2× versus the full-history median of 30.6× shown in the valuation table, producing 33.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 37.2/100. The model applies a 18.6% 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 32.3× (18-month half-life). The favorable scenario uses 35.3× PE and $10.6 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 mixed. Over the past year: revenue +5.1%, earnings +15.7%, operating margin +0.9 percentage points. Free cash flow is 3.1% of revenue. The business score is 60.7/100. 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 $10.55 of EPS and a 35.3× PE, suggesting a share price of about $372.62. Valuation history and outlook inform the PE.

The displayed favorable scenario is 15.4% upside, or about $372.53.

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 $7.06 of EPS and a 33.7× PE, suggesting a share price of about $237.62 — 26% below today’s price. Valuation history and outlook inform the PE.

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