Historical cheapness: current PE is 40.8× versus the full-history median of 50.5× shown in the valuation table, producing 64.2/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 65.6/100. The model applies a 13.7% 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 44.3× (18-month half-life). The favorable scenario uses 45.2× PE and $0.9 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 +8.8%, earnings +6.8%, operating margin +0.8 percentage points. Free cash flow is 15.2% of revenue. The business score is 66.3/100. 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 $0.88 of EPS and a 45.2× PE, suggesting a share price of about $39.82. Valuation history and outlook inform the PE.

The displayed favorable scenario is 36.4% upside, or about $39.83.

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 $0.60 of EPS and a 36.8× PE, suggesting a share price of about $22.21 — 24% below today’s price. Valuation history and outlook inform the PE.

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