Historical cheapness: current PE is 11.2× versus the full-history median of 9.9× shown in the valuation table, producing 42/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 43.2/100. The model applies a 14.8% 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 10.8× (18-month half-life). The favorable scenario uses 10.9× PE and $22 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 +12.5%, earnings +178.1%, operating margin +3.8 percentage points. Free cash flow is 13% of revenue. The business score is 79.2/100. 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 $21.96 of EPS and a 10.9× PE, suggesting a share price of about $239.44. Valuation history and outlook inform the PE.

The displayed favorable scenario is 23.9% upside, or about $239.36.

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 $13.94 of EPS and a 9.2× PE, suggesting a share price of about $128.00 — 34% below today’s price. Valuation history and outlook inform the PE.

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