Historical cheapness: current PE is 16.2× versus the full-history median of 13.2× shown in the valuation table, producing 35.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 38/100. The model applies a 16.6% 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 14.8× (18-month half-life). The favorable scenario uses 15.7× PE and $14.6 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 +3.1%, earnings +36.9%, operating margin +4.3 percentage points. The business score is 67.2/100. 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 $14.65 of EPS and a 15.7× PE, suggesting a share price of about $230.49. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.8% upside, or about $230.43.

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 $9.99 of EPS and a 13.9× PE, suggesting a share price of about $139.39 — 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.