Historical cheapness: current PE is 12× versus the full-history median of 12.8× shown in the valuation table, producing 54.3/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 53.2/100. The model applies a 8.3% 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 11.9× (18-month half-life). The favorable scenario uses 12.2× PE and $2.9 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 +21.2%, earnings -0.4%, operating margin +2.4 percentage points. The business score is 66.6/100. 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 $2.92 of EPS and a 12.2× PE, suggesting a share price of about $35.66. Valuation history and outlook inform the PE.

The displayed favorable scenario is 18.4% upside, or about $35.65.

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 $2.14 of EPS and a 9.9× PE, suggesting a share price of about $21.14 — 30% below today’s price. Valuation history and outlook inform the PE.

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