Historical cheapness: current PE is 15.2× versus the full-history median of 9.4× shown in the valuation table, producing 21.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 22.3/100. The model applies a 11.8% 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 11.9× (18-month half-life). The favorable scenario uses 14.8× PE and $6.2 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 strong. Over the past year: revenue +83.3%, earnings +145.7%, operating margin +1 percentage points. Free cash flow is 4.2% of revenue. The business score is 75.2/100. 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 $6.19 of EPS and a 14.8× PE, suggesting a share price of about $91.34 — 17% 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 $4.30 of EPS and a 13× PE, suggesting a share price of about $55.87 — 28% below today’s price. Valuation history and outlook inform the PE.

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