The score fell 7 points, mainly due to valuation and price changes. Price fell 1.1%, from $85.44 to $84.50.

Valuation and price changes subtracted 6.8 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 21.5× versus the full-history median of 17× shown in the valuation table, producing 34.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 36.8/100. The model applies a 15.8% 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 19.2× (18-month half-life). The favorable scenario uses 21.9× PE and $4.8 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 mixed. Over the past year: revenue +17%, earnings +5.2%, operating margin -2.1 percentage points. Free cash flow is 15.2% of revenue. The business score is 62.4/100. 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 $4.81 of EPS and a 21.9× PE, suggesting a share price of about $105.41. Valuation history and outlook inform the PE.

The displayed favorable scenario is 27.2% upside, or about $105.44.

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 $3.32 of EPS and a 14.9× PE, suggesting a share price of about $49.47 — 40% below today’s price. Valuation history and outlook inform the PE.

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