The score fell 11 points, mainly due to valuation and price changes. Price fell 0.8%, from $83.47 to $82.84.

Valuation and price changes subtracted 11.0 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 17.4× versus the full-history median of 10× shown in the valuation table, producing 18.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 20.4/100. The model applies a 16.1% 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 18.4× (18-month half-life). The favorable scenario uses 19.1× PE and $5.3 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 +3.2%, earnings +14.1%, operating margin -0.2 percentage points. Free cash flow is 3.2% of revenue. The business score is 56.3/100. 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 $5.27 of EPS and a 19.1× PE, suggesting a share price of about $100.74. Valuation history and outlook inform the PE.

The displayed favorable scenario is 37.2% upside, or about $100.70.

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 $3.61 of EPS and a 13.9× PE, suggesting a share price of about $50.30 — 32% below today’s price. Valuation history and outlook inform the PE.

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