SHOP
StockShopify Inc.
One email when a drop — in price or in valuation — is historically rare for SHOP. Otherwise we stay quiet.
Rare — pay attention.
Shopify Inc. is 29.8% off its high, 256 days in — deeper than the vast majority of its 95 recorded drawdowns. This is the kind of decline the severity score exists to flag.
Valuation is notable too — P/S Severity Score 3.1, below its typical range.
Strong
Current Drawdown
-29.8%
Days in Drawdown
256
Avg Max Drawdown
7.7%
Avg Length
38
Drawdown Severity Score™
5.1
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 July 8, 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 29% 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 5% 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 currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $125.68, which represents a 29.8% decline from its all-time high of $179.01. This drawdown has persisted for 256 days.
Based on its full tracked price history, Shopify Inc. typically experiences drawdowns averaging 7.7% 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 5.13. 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 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level 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 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 |
|---|---|---|---|---|---|---|
| 2025-10-31 | Ongoing | 256 days | -29.8% | $179.01 | $125.68 | 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).
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Or explore current drawdowns:
Shopify Inc. (SHOP) is trading at $125.68 as of Jul 14, 2026. It is 29.8% below its high of $179.01. The drawdown has lasted 256 days. Severity score: 5.1 (Strong).
SHOP Price History and Drawdown Data
Latest price
$125.68
High-water mark
$179.01
Current drawdown
-29.8%
Days in drawdown
256
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 -29.8% has lasted 256 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 |
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