Historical cheapness: current PE is 10.7× versus the full-history median of 11.8× shown in the valuation table, producing 57.1/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 52.9/100. The model applies a 3.4% 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 11.3× (18-month half-life). The favorable scenario uses 11.2× PE and $11.1 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 mixed. Over the past year: revenue +7%, earnings +11.4%, operating margin -1.5 percentage points. The business score is 53/100. 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 $11.14 of EPS and a 11.2× PE, suggesting a share price of about $124.82. Valuation history and outlook inform the PE.

The displayed favorable scenario is 17.4% upside, or about $124.78.

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 $8.40 of EPS and a 10.3× PE, suggesting a share price of about $86.54 — 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.