PDD

Stock

PDD Holdings Inc.

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

Very rare

This is the kind of decline worth waking up for.

PDD Holdings Inc. is 58.6% off its high — among the deepest declines in its recorded history.

And it's not just the price: PDD Holdings Inc.'s P/S Severity Score is 12.1 — its valuation is near record lows vs its own history.

Price $83.91 · as of Jul 14, 2026All-time high $202.82Drawdown -58.6%Severity Score™ 9.0
🔴

Very Large

Current Drawdown

-58.6%

Days in Drawdown

1970

Avg Max Drawdown

12.1%

Avg Length

32

Drawdown Severity Score™

9.0

PDD - Price & High Water Mark

PDD - 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 8, 2026 · updated daily

Where today's valuation sits within PDD'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

1.9xSeverity Score 12.1 · Near record lows vs its own history
Low: 1.7xMedian: 6.4xHigh: 38.6x

PDD Holdings Inc. has been cheaper on this measure only about 1% of the time in 8 years of daily history.

94.9% below its highest Price to Sales reading · high date February 16, 2021

Price to Sales history

EV to EBITDA

6.8xSeverity Score 10.8 · Very low vs its own history
Low: 5.8xMedian: 18.7xHigh: 56.6x

PDD Holdings Inc. has been cheaper on this measure only about 2% of the time in 4 years of daily history.

88.1% below its highest EV to EBITDA reading · high date May 27, 2022

EV to EBITDA history · log scale

How we measure valuation

PDD Holdings Inc. (PDD) Analysis: Current Drawdown Insights

PDD Holdings Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $83.91, which represents a 58.6% decline from its all-time high of $202.82. This drawdown has persisted for 1970 days.

Based on its full tracked price history, PDD Holdings Inc. typically experiences drawdowns averaging 12.1% in depth, with an average duration of 32 days. PDD Holdings Inc. has gone through 28 total drawdown events in its tracked history. The largest drawdown on record for PDD Holdings Inc. was 42.8%, beginning in 2018. The longest drawdown duration on record was 177 days.

The Drawdown Severity Score™ for PDD Holdings Inc. currently stands at 8.97. 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 PDD Holdings Inc.'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 28 tracked pullbacks (28 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2021-02-20Ongoing1970 days-58.6%$202.82$83.91n/a
2021-02-122021-02-165 days-1.6%$199.80$196.59$202.81
2021-02-052021-02-106 days-4.6%$197.26$188.26$199.61
2021-01-062021-02-0329 days-13.9%$187.20$161.20$193.11
2020-12-312021-01-056 days-6.9%$179.11$166.78$187.20
2020-12-092020-12-2921 days-11.7%$157.49$139.02$166.19
2020-11-162020-12-0823 days-12.5%$151.29$132.37$157.49
2020-11-092020-11-124 days-10.0%$114.53$103.09$134.21
2020-08-062020-11-0390 days-26.7%$97.46$71.40$97.72
2020-08-042020-08-052 days-2.1%$96.03$94.02$97.46
2020-07-062020-08-0329 days-15.1%$93.00$78.95$96.03
2020-06-222020-07-0211 days-6.6%$87.58$81.79$93.00
2020-06-182020-06-192 days-0.5%$82.80$82.42$87.58
2020-06-112020-06-122 days-1.8%$72.80$71.51$73.11
2020-06-082020-06-103 days-2.0%$69.70$68.31$72.80
2020-05-262020-06-0511 days-12.2%$68.70$60.32$69.70
2020-05-192020-05-224 days-9.7%$66.46$60.00$68.70
2020-04-232020-05-0816 days-12.9%$52.15$45.43$54.60
2020-04-172020-04-204 days-1.5%$45.12$44.46$50.11
2019-11-062020-04-15161 days-27.9%$43.53$31.40$43.89
2019-10-292019-11-058 days-4.9%$42.58$40.50$43.53
2019-09-122019-10-2443 days-15.5%$36.67$30.99$39.96
2019-09-102019-09-112 days-0.4%$34.98$34.85$36.67
2019-08-302019-09-046 days-2.5%$33.61$32.77$34.00
2019-03-052019-08-29177 days-38.9%$31.14$19.03$33.61
2019-02-062019-03-0427 days-14.4%$30.33$25.95$31.14
2019-01-302019-02-057 days-4.5%$30.19$28.82$30.33
2018-09-142019-01-29138 days-42.8%$29.96$17.15$30.19
2018-07-272018-09-1349 days-35.5%$26.70$17.22$29.96

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:

PDD Holdings Inc. (PDD) is trading at $83.91 as of Jul 14, 2026. It is 58.6% below its high of $202.82. The drawdown has lasted 1,970 days. Severity score: 9.0 (Very Large).

PDD Price History and Drawdown Data

Latest price

$83.91

High-water mark

$202.82

Current drawdown

-58.6%

Days in drawdown

1,970

This PDD 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 PDD Holdings Inc. drawdowns.

What History Says About PDD

PDD Holdings Inc. has dropped 15%+ from its high 7 times in its tracked history. These events lasted an average of 98 days with an average max drop of -28.9%.

The current drawdown of -58.6% has lasted 1,970 days, which is 20.1x the average duration of comparable events.

PeriodMax DropDuration
Sep 2018 to Jan 2019-42.8%138 days
Mar 2019 to Aug 2019-38.9%177 days
Jul 2018 to Sep 2018-35.5%49 days
Nov 2019 to Apr 2020-27.9%161 days
Aug 2020 to Nov 2020-26.7%90 days
Sep 2019 to Oct 2019-15.5%43 days

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