Historical cheapness: current PE is 30.6× versus the full-history median of 42.6× shown in the valuation table, producing 71.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 71.4/100. The model applies a 11% 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 37.1× (18-month half-life). The favorable scenario uses 34.3× PE and $21.7 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 +11.6%, earnings +20.2%, operating margin +1.8 percentage points. The business score is 65.7/100. 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 $21.71 of EPS and a 34.3× PE, suggesting a share price of about $745.37. Valuation history and outlook inform the PE.

The displayed favorable scenario is 34.4% upside, or about $745.40.

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 $15.50 of EPS and a 29.3× PE, suggesting a share price of about $453.53 — 18% below today’s price. Valuation history and outlook inform the PE.

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