Historical cheapness: current PE is 27.8× versus the full-history median of 101.9× shown in the valuation table, producing 93.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 93.6/100. The model applies a 19.6% 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 60× (18-month half-life). The favorable scenario uses 36.3× PE and $5.4 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 mixed. Over the past year: revenue +7.6%, earnings -30%. Free cash flow is 17.8% of revenue. The business score is 57.8/100. 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 $5.41 of EPS and a 36.3× PE, suggesting a share price of about $196.44. Valuation history and outlook inform the PE.

The displayed favorable scenario is 67.8% upside, or about $196.49.

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 $3.66 of EPS and a 25.7× PE, suggesting a share price of about $94.08 — 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.