Historical cheapness: current PE is 22.1× versus the full-history median of 25.2× shown in the valuation table, producing 59/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 57.5/100. The model applies a 7.5% 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 24.3× (18-month half-life). The favorable scenario uses 24.1× PE and $6.7 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 +10.4%, earnings +4.5%, operating margin +1.3 percentage points. Free cash flow is 17.1% of revenue. The business score is 68.6/100. 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 $6.72 of EPS and a 24.1× PE, suggesting a share price of about $161.74. Valuation history and outlook inform the PE.

The displayed favorable scenario is 26.5% upside, or about $161.77.

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 $4.91 of EPS and a 19.5× PE, suggesting a share price of about $95.63 — 25% below today’s price. Valuation history and outlook inform the PE.

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