Historical cheapness: current PE is 17.9× versus the full-history median of 20.2× shown in the valuation table, producing 58.3/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 54.6/100. The model applies a 4.1% 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 19.8× (18-month half-life). The favorable scenario uses 19.3× PE and $7.5 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 +6.7%, earnings +8.8%, operating margin +0.7 percentage points. Free cash flow is 4.6% 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 $7.49 of EPS and a 19.3× PE, suggesting a share price of about $144.61. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.1% upside, or about $144.62.

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 $5.62 of EPS and a 17.3× PE, suggesting a share price of about $97.38 — 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.