Historical cheapness: current PE is 16.4× versus the full-history median of 29.8× shown in the valuation table, producing 82.6/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 82/100. The model applies a 8.1% 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 30.4× (18-month half-life). The favorable scenario uses 19.5× PE and $5.2 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 strong. Over the past year: revenue +14.4%, earnings +29.9%, operating margin +1.5 percentage points. Free cash flow is 8% of revenue. The business score is 71.7/100. 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 $5.22 of EPS and a 19.5× PE, suggesting a share price of about $101.80. Valuation history and outlook inform the PE.

The displayed favorable scenario is 38.4% upside, or about $101.81.

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 $3.81 of EPS and a 15.7× PE, suggesting a share price of about $59.90 — 19% below today’s price. Valuation history and outlook inform the PE.

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