Historical cheapness: current PE is 17× versus the full-history median of 11.7× shown in the valuation table, producing 26.6/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 27.5/100. The model applies a 13.6% 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 14.5× (18-month half-life). The favorable scenario uses 16.3× PE and $3.9 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 +4.5%, earnings +42.9%, operating margin +6.1 percentage points. The business score is 70.3/100. 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 $3.93 of EPS and a 16.3× PE, suggesting a share price of about $64.00. Valuation history and outlook inform the PE.

The displayed favorable scenario is 17.6% upside, or about $64.01.

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 $2.72 of EPS and a 14.2× PE, suggesting a share price of about $38.49 — 29% below today’s price. Valuation history and outlook inform the PE.

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