Historical cheapness: current PE is 12.1× versus the full-history median of 11.5× shown in the valuation table, producing 46.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 50.2/100. The model applies a 18.2% 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 12.1× (18-month half-life). The favorable scenario uses 12.2× PE and $2.9 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 +11.4%, earnings +20.4%, operating margin +0.7 percentage points. Free cash flow is 35.5% of revenue. The business score is 73.3/100. 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 $2.94 of EPS and a 12.2× PE, suggesting a share price of about $36.01. Valuation history and outlook inform the PE.

The displayed favorable scenario is 29.8% upside, or about $36.02.

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 $1.95 of EPS and a 10.1× PE, suggesting a share price of about $19.76 — 29% below today’s price. Valuation history and outlook inform the PE.

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