Historical cheapness: current PE is 31.3× versus the full-history median of 37.4× shown in the valuation table, producing 62/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 64.3/100. The model applies a 16.4% 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 36.1× (18-month half-life). The favorable scenario uses 34.3× PE and $22.7 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 +16%, earnings +22.6%, operating margin +2.1 percentage points. The business score is 68.7/100. 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 $22.67 of EPS and a 34.3× PE, suggesting a share price of about $777.01. Valuation history and outlook inform the PE.

The displayed favorable scenario is 36.5% upside, or about $776.94.

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 $15.85 of EPS and a 29.9× PE, suggesting a share price of about $474.75 — 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.