Historical cheapness: current PE is 34.6× versus the full-history median of 16.5× shown in the valuation table, producing 13.3/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 13.8/100. The model applies a 12.8% 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 46.4× (18-month half-life). The favorable scenario uses 43.2× 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 +22%, earnings +60%, operating margin +1.1 percentage points. Free cash flow is 4.3% of revenue. The business score is 72.6/100. 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 $0.90 of EPS and a 43.2× PE, suggesting a share price of about $39.00 — 52% 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 $0.63 of EPS and a 26.2× PE, suggesting a share price of about $16.45 — 36% below today’s price. Valuation history and outlook inform the PE.

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