Historical cheapness: current PE is 15.5× versus the full-history median of 15.5× shown in the valuation table, producing 49.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 46.5/100. The model applies a 4.1% 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 15.8× (18-month half-life). The favorable scenario uses 15.6× PE and $1.3 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 +5.6%, earnings +49.3%, operating margin +7.2 percentage points. The business score is 72/100. 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 $1.30 of EPS and a 15.6× PE, suggesting a share price of about $20.22. Valuation history and outlook inform the PE.

The displayed favorable scenario is 16.3% upside, or about $20.21.

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 $0.87 of EPS and a 14.3× PE, suggesting a share price of about $12.50 — 28% below today’s price. Valuation history and outlook inform the PE.

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