Historical cheapness: current PE is 194.2× versus the full-history median of 55.9× shown in the valuation table, producing 6.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 8.1/100. The model applies a 37.6% 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 68.9× (18-month half-life). The favorable scenario uses 157× PE and $0.7 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 +5.1%, operating margin +7.9 percentage points. Free cash flow is 8.7% of revenue. The business score is 70.4/100. 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 $0.74 of EPS and a 157× PE, suggesting a share price of about $116.31. Valuation history and outlook inform the PE.

The displayed favorable scenario is 19.8% upside, or about $116.35.

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 $0.44 of EPS and a 143.7× PE, suggesting a share price of about $63.10 — 35% below today’s price. Valuation history and outlook inform the PE.

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