Historical cheapness: current PE is 34.7× versus the full-history median of 28.4× shown in the valuation table, producing 36.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 39.6/100. The model applies a 17.1% 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 30.3× (18-month half-life). The favorable scenario uses 32.9× PE and $4.7 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 +8.1%, earnings +17%, operating margin +1.1 percentage points. Free cash flow is 0.3% of revenue. The business score is 61.8/100. 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 $4.70 of EPS and a 32.9× PE, suggesting a share price of about $154.45 — 20% 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 $3.16 of EPS and a 28.5× PE, suggesting a share price of about $90.17 — 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.