The score fell 8 points, mainly due to valuation and price changes. Price fell 0.5%, from $72.25 to $71.86.

Valuation and price changes subtracted 8.4 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 21.4× versus the full-history median of 5× shown in the valuation table, producing 21.2/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 21.3/100. The model applies a 11.5% 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 20.7× PE and $4.3 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 +11.4%, operating margin +12 percentage points. Free cash flow is 5.7% of revenue. The business score is 73.4/100. 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 $4.33 of EPS and a 20.7× PE, suggesting a share price of about $89.65 — 17% above today’s price. Valuation history and outlook inform the PE.

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 $2.94 of EPS and a 15.7× PE, suggesting a share price of about $46.11 — 39% below today’s price. Valuation history and outlook inform the PE.

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