NVO

Stock

Novo Nordisk A/S

One email when a drop — in price or in valuation — is historically rare for NVO. Otherwise we stay quiet.

Very rare

This is the kind of decline worth waking up for.

Novo Nordisk A/S is 65.9% off its high — among the deepest declines in its recorded history.

Valuation is notable too — P/S Severity Score 4.7, below its typical range.

Price $49.07 · as of Jul 14, 2026All-time high $144.04Drawdown -65.9%Severity Score™ 13.7
🔴

Historic

Current Drawdown

-65.9%

Days in Drawdown

747

Avg Max Drawdown

4.5%

Avg Length

38

Drawdown Severity Score™

13.7

NVO - Price & High Water Mark

NVO - 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 July 10, 2026 · updated daily

Where today's valuation sits within NVO'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

4.3xSeverity Score 4.7 · Below its typical range
Low: 2.8xMedian: 6.8xHigh: 18.5x

Novo Nordisk A/S has been cheaper on this measure only about 12% of the time in 20 years of daily history.

77.1% below its highest Price to Sales reading · high date June 25, 2024

Price to Sales history

EV to EBITDA

8.9xSeverity Score 10.5 · Very low vs its own history
Low: 7.5xMedian: 17.1xHigh: 37.9x

Novo Nordisk A/S has been cheaper on this measure only about 2% of the time in 20 years of daily history.

76.5% below its highest EV to EBITDA reading · high date June 25, 2024

EV to EBITDA history · log scale

How we measure valuation

Novo Nordisk A/S (NVO) Analysis: Current Drawdown Insights

Novo Nordisk A/S is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $49.07, which represents a 65.9% decline from its all-time high of $144.04. This drawdown has persisted for 747 days.

Based on its full tracked price history, Novo Nordisk A/S typically experiences drawdowns averaging 4.5% in depth, with an average duration of 38 days. Novo Nordisk A/S has gone through 356 total drawdown events in its tracked history. The largest drawdown on record for Novo Nordisk A/S was 51.4%, beginning in 1987. The longest drawdown duration on record was 917 days.

The Drawdown Severity Score™ for Novo Nordisk A/S currently stands at 13.72. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.

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 Novo Nordisk A/S'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 356 tracked pullbacks (68 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2024-06-27Ongoing747 days-65.9%$144.04$49.07n/a
2024-06-112024-06-2515 days-2.3%$140.83$137.63$144.04
2024-05-282024-06-048 days-2.5%$133.38$130.09$137.19
2024-05-222024-05-232 days-0.8%$132.52$131.41$132.92
2024-03-082024-05-2174 days-9.1%$132.31$120.31$132.52
2024-03-052024-03-073 days-2.6%$124.55$121.34$132.31
2024-02-232024-03-0411 days-3.8%$121.21$116.59$124.55
2024-02-202024-02-223 days-2.5%$120.72$117.72$121.21
2024-02-152024-02-162 days-1.2%$120.02$118.52$120.72
2024-02-122024-02-143 days-1.0%$117.98$116.80$120.02
2024-02-082024-02-092 days-0.2%$115.51$115.25$117.98
2024-02-062024-02-072 days-0.5%$115.12$114.49$115.51
2024-02-022024-02-054 days-1.8%$112.72$110.68$115.12
2024-01-112024-01-2919 days-3.2%$105.78$102.42$106.13
2024-01-052024-01-106 days-1.5%$104.77$103.17$105.78
2023-11-272024-01-0439 days-8.8%$102.65$93.66$104.77
2023-11-212023-11-244 days-0.8%$100.84$100.05$102.65
2023-10-162023-11-2036 days-8.5%$99.43$91.02$100.84
2023-09-122023-10-1231 days-12.0%$97.12$85.45$97.52
2023-08-302023-09-068 days-2.5%$92.66$90.35$93.09
2023-08-242023-08-296 days-2.5%$92.50$90.21$92.66
2023-08-092023-08-2315 days-5.1%$91.63$86.92$92.50
2023-04-242023-08-08107 days-11.8%$83.63$73.75$91.63
2023-04-182023-04-214 days-3.5%$82.87$79.94$83.63
2023-04-042023-04-129 days-1.1%$77.31$76.49$79.21
2023-03-222023-03-232 days-0.4%$70.78$70.49$71.88
2023-03-062023-03-2115 days-4.1%$69.63$66.74$70.78
2023-02-282023-03-023 days-1.7%$68.89$67.75$69.01
2023-02-142023-02-2714 days-3.0%$68.71$66.65$68.89
2023-01-232023-02-1322 days-6.2%$67.80$63.60$68.71
2023-01-092023-01-179 days-4.4%$66.62$63.71$66.79
2023-01-042023-01-063 days-0.5%$65.82$65.47$66.62
2022-12-152022-12-2915 days-3.1%$64.74$62.76$64.97
2022-12-062022-12-083 days-1.4%$61.07$60.18$61.41
2022-04-082022-11-28235 days-21.4%$58.22$45.79$58.26
2021-12-172022-04-06110 days-20.5%$55.43$44.08$55.98
2021-11-052021-12-1541 days-7.9%$54.85$50.49$55.13
2021-11-012021-11-033 days-0.6%$52.14$51.81$54.71
2021-10-272021-10-282 days-1.6%$50.82$50.03$50.96
2021-08-232021-10-2665 days-10.5%$50.48$45.15$50.82
2021-08-182021-08-192 days-0.9%$49.68$49.24$50.00
2021-08-062021-08-1611 days-3.5%$48.55$46.84$48.89
2021-07-292021-07-302 days-0.1%$43.08$43.02$43.60
2021-07-262021-07-283 days-1.6%$42.73$42.03$43.08
2021-07-222021-07-232 days-0.7%$41.82$41.54$42.73
2021-07-192021-07-213 days-1.3%$41.75$41.20$41.82
2021-07-092021-07-157 days-0.6%$41.01$40.75$41.25
2021-06-112021-07-0222 days-3.7%$39.91$38.45$39.93
2021-05-252021-06-0815 days-3.5%$38.47$37.11$38.74
2021-05-182021-05-203 days-1.2%$37.94$37.50$38.06
2021-05-042021-05-074 days-1.7%$35.47$34.88$35.62
2020-03-052020-04-2046 days-23.6%$29.43$22.47$29.53
2018-01-292019-10-30639 days-26.9%$25.18$18.42$25.28
2015-08-042018-01-19900 days-46.1%$24.64$13.27$25.03
2013-02-072014-01-09337 days-21.0%$15.07$11.90$15.14
2011-04-252012-02-07289 days-28.0%$10.02$7.21$10.25
2008-04-092010-02-16679 days-41.3%$5.27$3.10$5.36
2005-04-222006-03-03316 days-19.0%$2.07$1.68$2.08
2001-08-072004-02-09917 days-51.3%$1.51$0.74$1.53
2000-09-272001-06-20267 days-26.4%$1.45$1.07$1.48
1998-05-052000-05-26753 days-42.9%$1.07$0.61$1.11
1997-07-181997-10-1388 days-16.8%$0.74$0.61$0.74
1994-08-051995-07-05335 days-20.0%$0.34$0.27$0.34
1992-09-091993-11-10428 days-18.5%$0.29$0.24$0.29
1992-01-081992-09-08244 days-16.3%$0.29$0.24$0.29
1990-02-061990-07-16160 days-15.0%$0.15$0.13$0.16
1989-07-311990-02-05190 days-21.6%$0.15$0.12$0.15
1987-03-191988-10-20581 days-51.4%$0.12$0.06$0.12
1986-04-181987-01-12270 days-16.4%$0.10$0.08$0.10

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:

Novo Nordisk A/S (NVO) is trading at $49.07 as of Jul 14, 2026. It is 65.9% below its high of $144.04. The drawdown has lasted 747 days. Severity score: 13.7 (Historic).

NVO Price History and Drawdown Data

Latest price

$49.07

High-water mark

$144.04

Current drawdown

-65.9%

Days in drawdown

747

This NVO 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 Novo Nordisk A/S drawdowns.

What History Says About NVO

Novo Nordisk A/S has dropped 25%+ from its high 8 times in its tracked history. These events lasted an average of 628 days with an average max drop of -39.3%.

The current drawdown of -65.9% has lasted 747 days, which is 1.2x the average duration of comparable events.

PeriodMax DropDuration
Mar 1987 to Oct 1988-51.4%581 days
Aug 2001 to Feb 2004-51.3%917 days
Aug 2015 to Jan 2018-46.1%900 days
May 1998 to May 2000-42.9%753 days
Apr 2008 to Feb 2010-41.3%679 days
Apr 2011 to Feb 2012-28.0%289 days

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