SHOP
StockShopify Inc.
One email when a drop — in price or in valuation — is historically rare for SHOP. Otherwise we stay quiet.
Nothing to see here.
Shopify Inc. is 1.5% off its high — within touching distance of its all-time high. Go live your life, we're watching.
Typical
Current Drawdown
-1.5%
Days in Drawdown
1
Avg Max Drawdown
8.1%
Avg Length
38
Drawdown Severity Score™
0.3
SHOP - Price & High Water Mark
SHOP - 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 October 11, 2026 · updated daily
Where today's valuation sits within SHOP'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
Shopify Inc. has been cheaper on this measure only about 51% of the time in 11 years of daily history.
Price to Sales history
EV to EBITDA
Shopify Inc. has been cheaper on this measure only about 24% of the time in 6 years of daily history.
EV to EBITDA history · log scale
Shopify Inc. (SHOP) Analysis: Current Drawdown Insights
Shopify Inc. is trading slightly below its recent peak. As of 2026-10-13, the stock price is $176.52, just 1.5% below its all-time high of $179.22.
Based on its full tracked price history, Shopify Inc. typically experiences drawdowns averaging 8.1% in depth, with an average duration of 38 days. Shopify Inc. has gone through 95 total drawdown events in its tracked history. The largest drawdown on record for Shopify Inc. was 84.8%, beginning in 2021. The longest drawdown duration on record was 1432 days.
The Drawdown Severity Score™ for Shopify Inc. currently stands at 0.26. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.
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 Shopify 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 95 tracked pullbacks (60 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-10-12 | Ongoing | 1 day | -1.5% | $179.22 | $176.52 | n/a |
| 2021-11-22 | 2025-10-24 | 1432 days | -84.8% | $169.06 | $25.67 | $172.95 |
| 2021-11-17 | 2021-11-18 | 2 days | -2.2% | $167.53 | $163.78 | $168.13 |
| 2021-11-15 | 2021-11-16 | 2 days | -0.8% | $166.95 | $165.65 | $167.53 |
| 2021-07-26 | 2021-11-12 | 110 days | -20.0% | $164.33 | $131.49 | $166.95 |
| 2021-07-07 | 2021-07-21 | 15 days | -6.3% | $153.80 | $144.15 | $156.94 |
| 2021-06-23 | 2021-07-06 | 14 days | -3.3% | $150.84 | $145.80 | $153.80 |
| 2021-02-17 | 2021-06-21 | 124 days | -29.4% | $147.40 | $103.99 | $148.02 |
| 2021-02-12 | 2021-02-16 | 5 days | -0.5% | $146.33 | $145.55 | $147.40 |
| 2020-12-23 | 2021-02-05 | 45 days | -14.9% | $127.71 | $108.73 | $128.77 |
| 2020-12-18 | 2020-12-21 | 4 days | -0.8% | $118.00 | $117.10 | $119.73 |
| 2020-09-02 | 2020-12-16 | 106 days | -23.2% | $113.43 | $87.08 | $115.73 |
| 2020-08-06 | 2020-09-01 | 27 days | -11.2% | $109.46 | $97.20 | $113.43 |
| 2020-08-04 | 2020-08-05 | 2 days | -0.3% | $108.31 | $108.00 | $109.46 |
| 2020-07-30 | 2020-08-03 | 5 days | -2.8% | $105.36 | $102.40 | $108.31 |
| 2020-07-10 | 2020-07-29 | 20 days | -11.0% | $104.00 | $92.55 | $105.36 |
| 2020-07-06 | 2020-07-09 | 4 days | -4.2% | $103.00 | $98.68 | $104.00 |
| 2020-06-26 | 2020-06-29 | 4 days | -0.7% | $91.63 | $91.00 | $92.24 |
| 2020-06-24 | 2020-06-25 | 2 days | -1.6% | $91.13 | $89.70 | $91.63 |
| 2020-05-26 | 2020-06-18 | 24 days | -12.1% | $82.52 | $72.51 | $86.36 |
| 2020-05-18 | 2020-05-20 | 3 days | -3.8% | $76.70 | $73.80 | $77.80 |
| 2020-05-14 | 2020-05-15 | 2 days | -0.0% | $75.44 | $75.43 | $76.70 |
| 2020-05-12 | 2020-05-13 | 2 days | -1.1% | $75.03 | $74.23 | $75.44 |
| 2020-05-07 | 2020-05-11 | 5 days | -3.3% | $73.35 | $70.90 | $75.03 |
| 2020-04-27 | 2020-05-04 | 8 days | -4.6% | $64.32 | $61.36 | $65.89 |
| 2020-04-21 | 2020-04-24 | 4 days | -7.1% | $62.99 | $58.50 | $64.32 |
| 2020-02-20 | 2020-04-17 | 57 days | -40.7% | $54.32 | $32.23 | $59.04 |
| 2020-02-14 | 2020-02-18 | 5 days | -0.3% | $53.30 | $53.12 | $53.64 |
| 2020-02-05 | 2020-02-10 | 6 days | -2.6% | $48.55 | $47.30 | $49.17 |
| 2020-01-31 | 2020-02-04 | 5 days | -2.4% | $47.69 | $46.57 | $48.55 |
| 2020-01-24 | 2020-01-29 | 6 days | -3.9% | $46.92 | $45.11 | $47.17 |
| 2020-01-22 | 2020-01-23 | 2 days | -0.1% | $46.54 | $46.48 | $46.92 |
| 2020-01-10 | 2020-01-13 | 4 days | -0.2% | $43.02 | $42.92 | $44.03 |
| 2019-12-27 | 2020-01-06 | 11 days | -3.0% | $40.88 | $39.64 | $41.33 |
| 2019-08-28 | 2019-12-26 | 121 days | -29.8% | $40.70 | $28.58 | $40.88 |
| 2019-08-22 | 2019-08-26 | 5 days | -1.8% | $38.98 | $38.28 | $39.60 |
| 2019-08-12 | 2019-08-20 | 9 days | -5.1% | $36.99 | $35.11 | $37.50 |
| 2019-08-02 | 2019-08-08 | 7 days | -5.9% | $34.14 | $32.14 | $35.78 |
| 2019-07-29 | 2019-08-01 | 4 days | -6.6% | $33.65 | $31.43 | $34.14 |
| 2019-07-23 | 2019-07-26 | 4 days | -1.7% | $33.52 | $32.96 | $33.65 |
| 2019-07-19 | 2019-07-22 | 4 days | -0.3% | $33.12 | $33.00 | $33.52 |
| 2019-06-21 | 2019-07-18 | 28 days | -13.4% | $32.80 | $28.40 | $33.12 |
| 2019-06-13 | 2019-06-19 | 7 days | -1.9% | $31.01 | $30.42 | $32.70 |
| 2019-06-11 | 2019-06-12 | 2 days | -0.0% | $30.67 | $30.67 | $31.01 |
| 2019-05-29 | 2019-06-05 | 8 days | -6.2% | $28.24 | $26.50 | $29.25 |
| 2019-05-23 | 2019-05-28 | 6 days | -2.6% | $27.90 | $27.16 | $28.24 |
| 2019-05-17 | 2019-05-22 | 6 days | -3.9% | $27.80 | $26.72 | $27.90 |
| 2019-05-07 | 2019-05-16 | 10 days | -5.5% | $26.55 | $25.08 | $27.80 |
| 2019-04-23 | 2019-04-29 | 7 days | -2.4% | $22.43 | $21.90 | $22.58 |
| 2019-04-16 | 2019-04-18 | 3 days | -1.2% | $21.80 | $21.54 | $22.07 |
| 2019-03-15 | 2019-04-11 | 28 days | -6.5% | $20.82 | $19.48 | $21.10 |
| 2018-07-26 | 2019-02-08 | 198 days | -31.5% | $17.38 | $11.91 | $17.59 |
| 2018-06-19 | 2018-07-23 | 35 days | -16.3% | $17.28 | $14.47 | $17.33 |
| 2018-03-21 | 2018-06-04 | 76 days | -23.6% | $15.31 | $11.69 | $15.69 |
| 2017-09-20 | 2018-01-25 | 128 days | -24.7% | $12.29 | $9.26 | $12.49 |
| 2017-08-02 | 2017-08-24 | 23 days | -15.1% | $10.41 | $8.84 | $10.65 |
| 2017-06-09 | 2017-08-01 | 54 days | -13.6% | $9.88 | $8.54 | $10.41 |
| 2016-11-22 | 2017-01-05 | 45 days | -13.0% | $4.49 | $3.90 | $4.77 |
| 2016-09-22 | 2016-11-21 | 61 days | -14.8% | $4.45 | $3.79 | $4.49 |
| 2015-08-04 | 2016-08-19 | 382 days | -52.1% | $4.04 | $1.93 | $4.24 |
| 2015-06-18 | 2015-08-03 | 47 days | -24.8% | $3.86 | $2.91 | $4.04 |
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).
Know the Moment Severity Changes
See 9 real alerts from the past 5 years with actual returns
Average gain: +1067% • Real alerts • Real results
Monitor 3 stocks free · No credit card required
Or explore current drawdowns:
Shopify Inc. (SHOP) is trading at $176.52 as of Oct 13, 2026. It is 1.5% below its high of $179.22. The drawdown has lasted 1 days. Severity score: 0.3 (Typical).
SHOP Price History and Drawdown Data
Latest price
$176.52
High-water mark
$179.22
Current drawdown
-1.5%
Days in drawdown
1
This SHOP 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 Shopify Inc. drawdowns.
What History Says About SHOP
Shopify Inc. has dropped 20%+ from its high 10 times in its tracked history. These events lasted an average of 267 days with an average max drop of -36.5%.
The current drawdown of -1.5% has lasted 1 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Nov 2021 to Oct 2025 | -84.8% | 1432 days |
| Aug 2015 to Aug 2016 | -52.1% | 382 days |
| Feb 2020 to Apr 2020 | -40.7% | 57 days |
| Jul 2018 to Feb 2019 | -31.5% | 198 days |
| Aug 2019 to Dec 2019 | -29.8% | 121 days |
| Feb 2021 to Jun 2021 | -29.4% | 124 days |
Track SHOP in a weekly digest
Get one weekly drawdown digest and a reminder to build a watchlist for tickers like Shopify Inc.. No per-article blasts.
Related Articles
Shopify Inc. Recovery Update: Drawdown Stress Is Easing
Sep 12, 2026 · 5 min read
Shopify Is Down 22% After 290 Days. What History Says Now
Sep 2, 2026 · 7 min read
SHOP's 14% Pullback: Historical Context
Aug 15, 2026 · 5 min read
SHOP's 32% Pullback: Historical Context
Jul 30, 2026 · 5 min read
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Biggest Drawdowns Ranked
How this asset's decline compares with the deepest in the tracked record
S&P 500 Drawdown History
Every major index decline with depth, duration, and recovery
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
Blog posts and market commentary
Signal of the Day
A daily drawdown signal from the full market database
Explore All Tickers
Browse stocks, ETFs, and crypto drawdowns