APA
StockAPA Corporation
One email when a drop — in price or in valuation — is historically rare for APA. Otherwise we stay quiet.
This is the kind of decline worth waking up for.
APA Corporation is 59.5% off its high — among the deepest declines in its recorded history.
But down is not the same as cheap: APA Corporation's P/S Severity Score is 1.8 — its valuation sits in or above its typical range.
Extreme
Current Drawdown
-59.5%
Days in Drawdown
6655
Avg Max Drawdown
7.1%
Avg Length
59
Drawdown Severity Score™
10.5
APA - Price & High Water Mark
APA - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of August 21, 2026 · updated daily
Where today's valuation sits within APA's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
APA Corporation has been cheaper on this measure only about 41% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
APA Corporation has been cheaper on this measure only about 69% of the time in 20 years of daily history.
EV to EBITDA history · log scale
APA Corporation (APA) Analysis: Current Drawdown Insights
APA Corporation is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $43.39, which represents a 59.5% decline from its all-time high of $107.01. This drawdown has persisted for 6655 days.
Based on its full tracked price history, APA Corporation typically experiences drawdowns averaging 7.1% in depth, with an average duration of 59 days. APA Corporation has gone through 135 total drawdown events in its tracked history. The largest drawdown on record for APA Corporation was 58.3%, beginning in 1997. The longest drawdown duration on record was 1264 days.
The Drawdown Severity Score™ for APA Corporation currently stands at 10.48. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 8.0 and 12.0 indicates an extremely rare, severe drawdown: the asset almost never experiences declines of this magnitude in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing APA Corporation's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 135 tracked pullbacks (66 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2008-06-01 | Ongoing | 6655 days | -59.5% | $107.01 | $43.39 | n/a |
| 2008-04-21 | 2008-05-16 | 26 days | -11.3% | $103.88 | $92.15 | $104.60 |
| 2008-04-17 | 2008-04-18 | 2 days | -1.2% | $102.45 | $101.22 | $103.88 |
| 2008-04-15 | 2008-04-16 | 2 days | -0.2% | $99.35 | $99.10 | $102.45 |
| 2008-04-11 | 2008-04-14 | 4 days | -1.7% | $97.76 | $96.07 | $99.35 |
| 2008-03-14 | 2008-03-31 | 18 days | -10.1% | $87.28 | $78.46 | $87.98 |
| 2008-02-29 | 2008-03-13 | 13 days | -3.9% | $86.94 | $83.51 | $87.28 |
| 2008-02-27 | 2008-02-28 | 2 days | -0.9% | $83.47 | $82.68 | $86.94 |
| 2008-02-21 | 2008-02-25 | 5 days | -2.7% | $81.32 | $79.14 | $82.74 |
| 2008-01-04 | 2008-02-20 | 48 days | -17.3% | $80.33 | $66.44 | $81.32 |
| 2007-12-31 | 2008-01-02 | 3 days | -0.8% | $78.78 | $78.12 | $80.13 |
| 2007-12-24 | 2007-12-28 | 5 days | -1.3% | $78.55 | $77.50 | $78.78 |
| 2007-12-14 | 2007-12-21 | 8 days | -4.8% | $77.05 | $73.39 | $78.55 |
| 2007-11-07 | 2007-12-13 | 37 days | -9.8% | $76.97 | $69.46 | $77.05 |
| 2007-11-05 | 2007-11-06 | 2 days | -1.5% | $75.41 | $74.30 | $76.97 |
| 2007-11-01 | 2007-11-02 | 2 days | -4.5% | $75.41 | $72.04 | $75.41 |
| 2007-10-30 | 2007-10-31 | 2 days | -2.8% | $73.98 | $71.92 | $75.41 |
| 2007-10-19 | 2007-10-26 | 8 days | -5.9% | $70.53 | $66.37 | $70.79 |
| 2007-10-17 | 2007-10-18 | 2 days | -1.3% | $70.18 | $69.30 | $70.53 |
| 2007-10-02 | 2007-10-09 | 8 days | -3.0% | $66.69 | $64.66 | $66.88 |
| 2007-09-28 | 2007-10-01 | 4 days | -0.5% | $65.66 | $65.32 | $66.69 |
| 2007-07-20 | 2007-09-27 | 70 days | -17.2% | $64.45 | $53.37 | $65.66 |
| 2007-06-18 | 2007-07-18 | 31 days | -7.9% | $63.21 | $58.23 | $63.42 |
| 2007-06-06 | 2007-06-13 | 8 days | -3.4% | $60.49 | $58.41 | $60.73 |
| 2007-05-31 | 2007-06-01 | 2 days | -0.5% | $58.75 | $58.46 | $58.97 |
| 2007-05-22 | 2007-05-30 | 9 days | -1.5% | $56.99 | $56.15 | $58.75 |
| 2007-04-26 | 2007-05-18 | 23 days | -5.1% | $55.31 | $52.49 | $56.32 |
| 2005-09-22 | 2007-04-25 | 581 days | -25.6% | $55.24 | $41.10 | $55.31 |
| 2005-09-20 | 2005-09-21 | 2 days | -1.3% | $54.77 | $54.05 | $55.24 |
| 2005-08-15 | 2005-09-16 | 33 days | -6.8% | $51.72 | $48.19 | $52.50 |
| 2005-07-26 | 2005-08-10 | 16 days | -3.3% | $50.57 | $48.91 | $51.43 |
| 2005-07-13 | 2005-07-25 | 13 days | -6.2% | $50.20 | $47.07 | $50.57 |
| 2005-07-08 | 2005-07-11 | 4 days | -0.3% | $49.72 | $49.55 | $49.83 |
| 2005-07-06 | 2005-07-07 | 2 days | -1.3% | $49.51 | $48.88 | $49.72 |
| 2005-06-21 | 2005-07-05 | 15 days | -5.0% | $48.53 | $46.11 | $49.51 |
| 2005-03-07 | 2005-06-17 | 102 days | -19.5% | $46.85 | $37.71 | $47.58 |
| 2005-03-01 | 2005-03-03 | 3 days | -2.9% | $44.84 | $43.54 | $45.29 |
| 2005-02-17 | 2005-02-23 | 7 days | -3.3% | $42.50 | $41.11 | $42.84 |
| 2005-02-15 | 2005-02-16 | 2 days | -0.0% | $41.08 | $41.06 | $42.50 |
| 2005-02-03 | 2005-02-10 | 8 days | -2.5% | $39.67 | $38.68 | $40.62 |
| 2005-01-28 | 2005-01-31 | 4 days | -0.4% | $38.80 | $38.63 | $38.81 |
| 2004-12-01 | 2005-01-27 | 58 days | -11.7% | $38.50 | $33.99 | $38.80 |
| 2004-10-27 | 2004-11-30 | 35 days | -10.5% | $38.49 | $34.44 | $38.50 |
| 2004-10-22 | 2004-10-25 | 4 days | -0.8% | $37.85 | $37.56 | $37.85 |
| 2004-10-08 | 2004-10-20 | 13 days | -3.7% | $37.33 | $35.96 | $37.39 |
| 2004-10-04 | 2004-10-05 | 2 days | -0.3% | $35.85 | $35.74 | $36.51 |
| 2004-09-29 | 2004-10-01 | 3 days | -0.9% | $35.68 | $35.37 | $35.85 |
| 2004-09-22 | 2004-09-28 | 7 days | -1.1% | $35.34 | $34.94 | $35.68 |
| 2004-09-15 | 2004-09-17 | 3 days | -1.4% | $33.57 | $33.11 | $34.11 |
| 2004-09-10 | 2004-09-13 | 4 days | -0.7% | $33.45 | $33.22 | $33.46 |
| 2004-08-04 | 2004-09-09 | 37 days | -9.3% | $33.34 | $30.25 | $33.45 |
| 2004-04-19 | 2004-07-07 | 80 days | -14.2% | $32.25 | $27.67 | $32.64 |
| 2004-01-26 | 2004-03-17 | 52 days | -12.6% | $30.20 | $26.40 | $30.39 |
| 2000-12-29 | 2003-02-21 | 785 days | -47.1% | $21.99 | $11.64 | $22.05 |
| 2000-09-07 | 2000-12-26 | 111 days | -21.1% | $19.89 | $15.70 | $20.86 |
| 2000-06-01 | 2000-08-17 | 78 days | -22.2% | $18.23 | $14.18 | $18.47 |
| 1999-09-10 | 2000-03-30 | 203 days | -37.4% | $14.79 | $9.26 | $14.83 |
| 1997-10-07 | 1999-08-04 | 667 days | -58.3% | $12.89 | $5.38 | $12.97 |
| 1997-01-17 | 1997-08-29 | 224 days | -21.8% | $11.45 | $8.95 | $11.62 |
| 1996-07-11 | 1996-10-30 | 112 days | -17.4% | $10.02 | $8.28 | $10.12 |
| 1993-08-27 | 1996-06-27 | 1036 days | -35.2% | $9.15 | $5.92 | $9.40 |
| 1992-09-25 | 1993-02-05 | 134 days | -20.0% | $6.10 | $4.88 | $6.16 |
| 1991-11-06 | 1992-09-02 | 301 days | -40.3% | $5.65 | $3.37 | $5.70 |
| 1990-09-24 | 1991-10-14 | 386 days | -39.0% | $5.43 | $3.31 | $5.48 |
| 1990-01-02 | 1990-09-11 | 252 days | -23.5% | $4.88 | $3.73 | $4.99 |
| 1989-10-11 | 1989-11-28 | 49 days | -12.0% | $4.40 | $3.87 | $4.46 |
| 1985-12-09 | 1989-05-26 | 1264 days | -47.6% | $3.03 | $1.59 | $3.11 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
APA Corporation (APA) is trading at $43.39 as of Aug 21, 2026. It is 59.5% below its high of $107.01. The drawdown has lasted 6,655 days. Severity score: 10.5 (Extreme).
APA Price History and Drawdown Data
Latest price
$43.39
High-water mark
$107.01
Current drawdown
-59.5%
Days in drawdown
6,655
This APA page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior APA Corporation drawdowns.
What History Says About APA
APA Corporation has dropped 25%+ from its high 8 times in its tracked history. These events lasted an average of 653 days with an average max drop of -41.3%.
The current drawdown of -59.5% has lasted 6,655 days, which is 10.2x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Oct 1997 to Aug 1999 | -58.3% | 667 days |
| Dec 1985 to May 1989 | -47.6% | 1264 days |
| Dec 2000 to Feb 2003 | -47.1% | 785 days |
| Nov 1991 to Sep 1992 | -40.3% | 301 days |
| Sep 1990 to Oct 1991 | -39.0% | 386 days |
| Sep 1999 to Mar 2000 | -37.4% | 203 days |
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