Historical cheapness: current PE is 19.9× versus the full-history median of 32.9× shown in the valuation table, producing 79.2/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 79.9/100. The model applies a 12.6% 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 25.4× (18-month half-life). The favorable scenario uses 22.8× PE and $2.2 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 +4.3%, earnings +8.6%, operating margin +1.4 percentage points. Free cash flow is 17.7% of revenue. The business score is 66.4/100. 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 $2.15 of EPS and a 22.8× PE, suggesting a share price of about $49.01. Valuation history and outlook inform the PE.

The displayed favorable scenario is 39.2% upside, or about $49.03.

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 $1.50 of EPS and a 19× PE, suggesting a share price of about $28.53 — 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.