Historical cheapness: current PE is 11.7× versus the full-history median of 10.2× shown in the valuation table, producing 40.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 37/100. The model applies a 3.7% 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 10.4× (18-month half-life). The favorable scenario uses 11.3× PE and $6.4 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 +12.2%, earnings +40.4%, operating margin +7.1 percentage points. The business score is 75.2/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

The earnings calculation and the displayed scenario are different.

The earnings case uses $6.38 of EPS and a 11.3× PE, suggesting about $72.21 before the minimum is applied. Valuation history and outlook inform the PE.

The model applies a 15% minimum upside scenario, so the card shows +15%, or about $74.54. That adjusted price does not come from the EPS × PE calculation above.

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 $4.30 of EPS and a 9.6× PE, suggesting a share price of about $41.20 — 36% below today’s price. Valuation history and outlook inform the PE.

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