Historical cheapness: current PE is 13.9× versus the full-history median of 15.2× shown in the valuation table, producing 56.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 57.1/100. The model applies a 12.1% 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 16.3× (18-month half-life). The favorable scenario uses 16.3× PE and $6.3 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 +7.2%, earnings +7.4%, operating margin -0.1 percentage points. Free cash flow is 3.9% of revenue. The business score is 58.2/100. 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 $6.30 of EPS and a 16.3× PE, suggesting a share price of about $102.87. Valuation history and outlook inform the PE.

The displayed favorable scenario is 41.4% upside, or about $102.88.

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 $4.47 of EPS and a 13.2× PE, suggesting a share price of about $59.18 — 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.