Historical cheapness: current PE is 75.6× versus the full-history median of 45.8× shown in the valuation table, producing 20.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 24.5/100. The model applies a 22.4% 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 69.5× (18-month half-life). The favorable scenario uses 78.5× PE and $2.9 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 +19.4%, earnings +134%, operating margin +3.4 percentage points. Free cash flow is 14.1% of revenue. The business score is 81.7/100. 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 $2.90 of EPS and a 78.5× PE, suggesting a share price of about $227.96. Valuation history and outlook inform the PE.

The displayed favorable scenario is 37% upside, or about $227.97.

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 $1.90 of EPS and a 58.7× PE, suggesting a share price of about $111.64 — 33% below today’s price. Valuation history and outlook inform the PE.

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