Historical cheapness: current PE is 17.8× versus the full-history median of 24.7× shown in the valuation table, producing 70.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 71.3/100. The model applies a 11.3% 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 18.1× (18-month half-life). The favorable scenario uses 19.1× PE and $5.8 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 -7.9%, earnings -16%, operating margin -0.1 percentage points. Free cash flow is 10.9% of revenue. The business score is 47/100. 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 $5.81 of EPS and a 19.1× PE, suggesting a share price of about $110.88 — 29% 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 $4.10 of EPS and a 14.3× PE, suggesting a share price of about $58.79 — 32% below today’s price. Valuation history and outlook inform the PE.

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