Historical cheapness: current PE is 10.4× versus the full-history median of 10.7× shown in the valuation table, producing 52.2/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 50/100. The model applies a 6.6% 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 11.2× (18-month half-life). The favorable scenario uses 11× PE and $3.8 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 -4.6%, earnings +24.3%, operating margin +3.5 percentage points. The business score is 59.7/100. 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 $3.77 of EPS and a 11× PE, suggesting a share price of about $41.64 — 22% 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 $2.75 of EPS and a 9.8× PE, suggesting a share price of about $26.88 — 21% below today’s price. Valuation history and outlook inform the PE.

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