Historical cheapness: current PE is 11.1× versus the full-history median of 9.9× shown in the valuation table, producing 42.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 43.4/100. The model applies a 12.1% 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 11.7× (18-month half-life). The favorable scenario uses 12.8× PE and $3.8 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 +33.1%, earnings +1156%, operating margin +21.9 percentage points. The business score is 82.8/100. 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 $3.80 of EPS and a 12.8× PE, suggesting a share price of about $48.56 — 39% 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 $2.67 of EPS and a 9.1× PE, suggesting a share price of about $24.34 — 30% below today’s price. Valuation history and outlook inform the PE.

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