The score rose 1 point, mainly due to valuation and price changes. Price fell 1.3%, from $68.16 to $67.28. Reported EPS was unchanged, so the lower price improved valuation support.

The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 27.9× versus the full-history median of 33.8× shown in the valuation table, producing 63/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 63.6/100. The model applies a 11.5% 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 31.8× (18-month half-life). The favorable scenario uses 31.1× PE and $2.9 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 +10.8%, earnings +23.7%, operating margin +1.8 percentage points. Free cash flow is 20.9% of revenue. The business score is 74.6/100. 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 $2.89 of EPS and a 31.1× PE, suggesting a share price of about $89.68. Valuation history and outlook inform the PE.

The displayed favorable scenario is 34.1% upside, or about $89.69.

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 $2.05 of EPS and a 26.7× PE, suggesting a share price of about $54.63 — 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.

Historical cheapness: current PE is 13.2× versus the full-history median of 8.9× shown in the valuation table, producing 25.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 23.9/100. The model applies a 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 9.8× (18-month half-life). The favorable scenario uses 11.9× PE and $4.4 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 +1.4%, earnings -10.5%, operating margin -2.4 percentage points. Free cash flow is 15.4% of revenue. The business score is 49.9/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

The earnings calculation and the displayed scenario are different.

The earnings case uses $4.37 of EPS and a 11.9× PE, suggesting about $51.87 before the minimum is applied. Valuation history and outlook inform the PE.

The model applies a 15% minimum upside scenario, so the card shows +15%, or about $58.20. That adjusted price does not come from the EPS × PE calculation above.

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 $3.29 of EPS and a 11.4× PE, suggesting a share price of about $37.59 — 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.