Historical cheapness: current PE is 42× versus the full-history median of 71.7× shown in the valuation table, producing 80.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 83.2/100. The model applies a 21.4% 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 70.2× (18-month half-life). The favorable scenario uses 48× PE and $11.4 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 +20.7%, earnings +22.6%, operating margin +2.5 percentage points. Free cash flow is 29.2% of revenue. The business score is 81.1/100. 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 $11.44 of EPS and a 48× PE, suggesting a share price of about $548.52. Valuation history and outlook inform the PE.

The displayed favorable scenario is 48.6% upside, or about $548.56.

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 $7.68 of EPS and a 39.7× PE, suggesting a share price of about $304.99 — 17% below today’s price. Valuation history and outlook inform the PE.

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