Historical cheapness: current PE is 22.7× versus the full-history median of 18.2× shown in the valuation table, producing 39.5/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 42/100. The model applies a 18.4% 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 18.1× (18-month half-life). The favorable scenario uses 20.8× PE and $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%, earnings +31.6%, operating margin +0.7 percentage points. Free cash flow is 15.3% of revenue. The business score is 72.5/100. 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 $1.96 of EPS and a 20.8× PE, suggesting a share price of about $40.90. Valuation history and outlook inform the PE.

The displayed favorable scenario is 17% upside, or about $40.89.

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 $1.33 of EPS and a 18.8× PE, suggesting a share price of about $24.93 — 29% below today’s price. Valuation history and outlook inform the PE.

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