Historical cheapness: current PE is 29.1× versus the full-history median of 33.5× shown in the valuation table, producing 56.2/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 58.9/100. The model applies a 23.7% 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 33.6× (18-month half-life). The favorable scenario uses 31.6× PE and $0.6 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 strong. Over the past year: revenue +28.1%, operating margin +1.3 percentage points. Free cash flow is 9.4% of revenue. The business score is 70.4/100. 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 $0.61 of EPS and a 31.6× PE, suggesting a share price of about $19.31 — 45% above today’s price. Valuation history and outlook inform the PE.

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 $0.39 of EPS and a 27.2× PE, suggesting a share price of about $10.57 — 20% below today’s price. Valuation history and outlook inform the PE.

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