Historical cheapness: current PE is 18.1× versus the full-history median of 48.1× shown in the valuation table, producing 90.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 91.2/100. The model applies a 19.1% 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 34× (18-month half-life). The favorable scenario uses 20.7× PE and $13.6 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 +9.3%, earnings +12.5%, operating margin +1.3 percentage points. The business score is 61.8/100. 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 $13.60 of EPS and a 20.7× PE, suggesting a share price of about $281.49. Valuation history and outlook inform the PE.

The displayed favorable scenario is 47.4% upside, or about $281.56.

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 $9.01 of EPS and a 17.1× PE, suggesting a share price of about $154.39 — 19% below today’s price. Valuation history and outlook inform the PE.

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