Historical cheapness: current PE is 22.6× versus the full-history median of 34.8× shown in the valuation table, producing 76.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 66.3/100. The model applies a -8.4% 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 22.9× (18-month half-life). The favorable scenario uses 22.7× PE and $1.2 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 weak. Over the past year: revenue -4.1%, earnings -29.2%, operating margin -5.9 percentage points. Free cash flow is 11.2% of revenue. The business score is 36.8/100. 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 $1.24 of EPS and a 22.7× PE, suggesting about $28.18 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 $30.95. 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 $0.79 of EPS and a 18.4× PE, suggesting a share price of about $14.52 — 46% below today’s price. Valuation history and outlook inform the PE.

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