Historical cheapness: current PE is 26.1× versus the full-history median of 34.8× shown in the valuation table, producing 68.7/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 71.3/100. The model applies a 18.5% 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 32.5× (18-month half-life). The favorable scenario uses 29.3× PE and $1.4 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 +19.9%, earnings +58.2%, operating margin -0.1 percentage points. Free cash flow is 26.3% of revenue. The business score is 76.2/100. 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 $1.36 of EPS and a 29.3× PE, suggesting a share price of about $39.92. Valuation history and outlook inform the PE.

The displayed favorable scenario is 44.4% upside, or about $39.91.

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 $0.89 of EPS and a 24.8× PE, suggesting a share price of about $22.18 — 20% below today’s price. Valuation history and outlook inform the PE.

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