Historical cheapness: current PE is 10.8× versus the full-history median of 11.8× shown in the valuation table, producing 55.5/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 53.6/100. The model applies a 6.9% 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 11.3× (18-month half-life). The favorable scenario uses 11.4× PE and $24.1 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 +5.8%, earnings +37%, operating margin +3.3 percentage points. The business score is 67.4/100. 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 $24.07 of EPS and a 11.4× PE, suggesting a share price of about $274.15. Valuation history and outlook inform the PE.

The displayed favorable scenario is 21.4% upside, or about $274.17.

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 $17.54 of EPS and a 9.7× PE, suggesting a share price of about $170.30 — 25% below today’s price. Valuation history and outlook inform the PE.

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