Historical cheapness: current PE is 23× versus the full-history median of 20.5× shown in the valuation table, producing 41.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 43.9/100. The model applies a 14.4% 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 22.2× (18-month half-life). The favorable scenario uses 22.8× PE and $3.3 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 mixed. Over the past year: revenue +6.9%, earnings -0.7%, operating margin -1 percentage points. Free cash flow is 7.8% of revenue. The business score is 55.8/100. 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 $3.34 of EPS and a 22.8× PE, suggesting a share price of about $76.06. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.8% upside, or about $76.05.

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 $2.32 of EPS and a 20× PE, suggesting a share price of about $46.48 — 26% below today’s price. Valuation history and outlook inform the PE.

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