Historical cheapness: current PE is 16.8× versus the full-history median of 13.4× shown in the valuation table, producing 35.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 35.9/100. The model applies a 12.8% 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 15.6× (18-month half-life). The favorable scenario uses 16.1× PE and $13.6 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 -8.2%, earnings +8.5%, operating margin -12.7 percentage points. The business score is 33.3/100. 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 $13.64 of EPS and a 16.1× PE, suggesting a share price of about $219.28. Valuation history and outlook inform the PE.

The displayed favorable scenario is 17% upside, or about $219.30.

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 $9.46 of EPS and a 14× PE, suggesting a share price of about $132.52 — 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.