Historical cheapness: current PE is 31.6× versus the full-history median of 51.6× shown in the valuation table, producing 78.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 75.5/100. The model applies a 2.2% 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 51.3× (18-month half-life). The favorable scenario uses 34.9× 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 mixed. Over the past year: revenue +9.9%, earnings +8.9%, operating margin -0.5 percentage points. Free cash flow is 15.8% of revenue. The business score is 64.3/100. 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 $1.21 of EPS and a 34.9× PE, suggesting a share price of about $42.29. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.8% upside, or about $42.30.

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 $0.93 of EPS and a 30.6× PE, suggesting a share price of about $28.45 — 18% below today’s price. Valuation history and outlook inform the PE.

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