Historical cheapness: current PE is 10.4× versus the full-history median of 10.5× shown in the valuation table, producing 51/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 49.3/100. The model applies a 7.4% 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 14.5× (18-month half-life). The favorable scenario uses 11.6× PE and $4.1 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 +23.6%, earnings +54.1%, operating margin +11.5 percentage points. The business score is 80.8/100. 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 $4.13 of EPS and a 11.6× PE, suggesting a share price of about $48.11. Valuation history and outlook inform the PE.

The displayed favorable scenario is 30% upside, or about $48.10.

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 $3.01 of EPS and a 10× PE, suggesting a share price of about $30.04 — 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.