Historical cheapness: current PE is 16.2× versus the full-history median of 18.7× shown in the valuation table, producing 59.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 64.3/100. The model applies a 19.4% 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 17.9× (18-month half-life). The favorable scenario uses 18× PE and $9.8 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 +4.8%, earnings +42.4%, operating margin +1.3 percentage points. Free cash flow is 6.2% of revenue. The business score is 65.9/100. 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 $9.82 of EPS and a 18× PE, suggesting a share price of about $176.48. Valuation history and outlook inform the PE.

The displayed favorable scenario is 41.7% upside, or about $176.53.

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 $6.74 of EPS and a 15.1× PE, suggesting a share price of about $101.54 — 19% below today’s price. Valuation history and outlook inform the PE.

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