Historical cheapness: current PE is 11.5× versus the full-history median of 9.7× shown in the valuation table, producing 38.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 37.7/100. The model applies a 9.4% 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 10.9× (18-month half-life). The favorable scenario uses 11.3× PE and $7.6 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 strong. Over the past year: revenue +1.3%, earnings +24.1%, operating margin +4.5 percentage points. The business score is 65/100. 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 $7.60 of EPS and a 11.3× PE, suggesting a share price of about $85.89 — 15% above today’s price. Valuation history and outlook inform the PE.

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 $5.42 of EPS and a 9.6× PE, suggesting a share price of about $52.28 — 30% below today’s price. Valuation history and outlook inform the PE.

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