Historical cheapness: current PE is 12.9× versus the full-history median of 14.3× shown in the valuation table, producing 56.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 53.2/100. 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 14.1× (18-month half-life). The favorable scenario uses 13.4× PE and $2.7 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 mixed. Over the past year: revenue +3.8%, earnings +18.7%, operating margin +1.7 percentage points. 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 $2.71 of EPS and a 13.4× PE, suggesting a share price of about $36.40 — 19% 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 $1.85 of EPS and a 11.3× PE, suggesting a share price of about $20.87 — 31% below today’s price. Valuation history and outlook inform the PE.

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