Historical cheapness: current PE is 14.6× versus the full-history median of 32.8× shown in the valuation table, producing 88.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 87/100. The model applies a 4.3% 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 25.1× (18-month half-life). The favorable scenario uses 17.1× PE and $27.8 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 strong. Over the past year: revenue +15.8%, earnings +28.7%, operating margin +3.2 percentage points. The business score is 71.5/100. 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 $27.77 of EPS and a 17.1× PE, suggesting a share price of about $475.09. Valuation history and outlook inform the PE.

The displayed favorable scenario is 32% upside, or about $475.21.

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 $20.88 of EPS and a 14.1× PE, suggesting a share price of about $293.42 — 19% below today’s price. Valuation history and outlook inform the PE.

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