SPOT

Stock

Spotify Technology S.A.

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

Rare

Rare — pay attention.

Spotify Technology S.A. is 38% off its high, 381 days in — deeper than the vast majority of its 37 recorded drawdowns. This is the kind of decline the severity score exists to flag.

But down is not the same as cheap: Spotify Technology S.A.'s P/S Severity Score is 0.5 — its valuation sits in or above its typical range.

Price $481.06 · as of Jul 14, 2026All-time high $775.90Drawdown -38.0%Severity Score™ 6.3
🔴

Strong

Current Drawdown

-38.0%

Days in Drawdown

381

Avg Max Drawdown

8.6%

Avg Length

70

Drawdown Severity Score™

6.3

SPOT - Price & High Water Mark

SPOT - 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 June 28, 2026 · updated daily

Where today's valuation sits within SPOT'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

4.7xSeverity Score 0.5 · In or above its typical range
Low: 1.2xMedian: 4.3xHigh: 9.3x

Spotify Technology S.A. has been cheaper on this measure only about 59% of the time in 8 years of daily history.

49.8% below its highest Price to Sales reading · high date June 26, 2025

EV to EBITDA

31.0xSeverity Score 10.2 · Very low vs its own history
Low: 28.0xMedian: 133.2xHigh: 3254.7x

Spotify Technology S.A. has been cheaper on this measure only about 2% of the time in 7 years of daily history.

99.0% below its highest EV to EBITDA reading · high date June 4, 2024

How we measure valuation

Spotify Technology S.A. (SPOT) Analysis: Current Drawdown Insights

Spotify Technology S.A. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $481.06, which represents a 38.0% decline from its all-time high of $775.90. This drawdown has persisted for 381 days.

Based on its full tracked price history, Spotify Technology S.A. typically experiences drawdowns averaging 8.6% in depth, with an average duration of 70 days. Spotify Technology S.A. has gone through 37 total drawdown events in its tracked history. The largest drawdown on record for Spotify Technology S.A. was 80.5%, beginning in 2021. The longest drawdown duration on record was 1306 days.

The Drawdown Severity Score™ for Spotify Technology S.A. currently stands at 6.33. 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 Spotify Technology S.A.'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 37 tracked pullbacks (37 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2025-06-28Ongoing381 days-38.0%$775.90$481.06n/a
2025-06-252025-06-262 days-1.8%$749.91$736.30$775.90
2025-06-182025-06-236 days-1.9%$721.28$707.42$731.15
2025-06-062025-06-1611 days-2.7%$712.82$693.32$715.57
2025-06-032025-06-042 days-0.1%$672.00$671.07$701.08
2025-05-202025-05-3011 days-4.2%$664.62$636.67$665.14
2025-05-082025-05-1912 days-5.6%$657.10$620.07$664.62
2025-02-142025-05-0782 days-24.5%$648.32$489.24$657.10
2025-02-112025-02-122 days-2.3%$637.69$623.15$640.59
2025-02-062025-02-105 days-0.5%$626.00$622.99$637.69
2025-01-312025-02-045 days-0.3%$550.13$548.55$621.77
2024-12-052025-01-2451 days-10.9%$502.38$447.38$510.43
2024-11-262024-12-038 days-1.3%$481.38$475.24$493.32
2024-11-152024-11-2511 days-4.8%$477.50$454.36$481.38
2024-10-312024-11-078 days-4.1%$394.02$377.73$399.84
2024-10-232024-10-297 days-2.8%$387.63$376.87$391.23
2024-09-262024-10-2227 days-5.5%$383.96$362.95$387.63
2021-02-222024-09-201306 days-80.5%$364.59$71.05$365.17
2021-02-182021-02-192 days-0.1%$355.19$354.88$364.59
2021-01-112021-02-1637 days-12.0%$353.11$310.77$353.73
2020-12-112021-01-0829 days-9.4%$343.30$311.00$353.11
2020-12-082020-12-103 days-2.8%$342.00$332.45$343.30
2020-12-032020-12-075 days-1.4%$320.89$316.43$342.00
2020-09-022020-12-0292 days-20.7%$291.75$231.26$320.89
2020-07-212020-09-0143 days-14.5%$291.19$248.99$291.75
2020-07-132020-07-208 days-7.1%$278.24$258.50$291.19
2020-07-062020-07-094 days-4.1%$271.49$260.26$274.79
2020-06-262020-07-027 days-3.5%$267.47$258.19$271.49
2018-07-272020-06-17692 days-45.6%$196.28$106.84$199.83
2018-07-132018-07-2614 days-3.3%$188.35$182.19$196.28
2018-06-252018-07-1117 days-7.3%$180.94$167.70$182.35
2018-06-152018-06-217 days-4.6%$178.10$169.89$179.53
2018-06-122018-06-143 days-1.2%$172.37$170.23$178.10
2018-05-032018-06-0837 days-11.8%$170.00$150.00$171.48
2018-04-232018-04-275 days-3.2%$158.45$153.33$159.98
2018-04-192018-04-202 days-0.9%$154.91$153.47$158.45
2018-04-112018-04-188 days-6.8%$154.90$144.32$154.91
2018-04-042018-04-096 days-3.4%$149.01$143.99$150.00

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:

Spotify Technology S.A. (SPOT) is trading at $481.06 as of Jul 14, 2026. It is 38.0% below its high of $775.90. The drawdown has lasted 381 days. Severity score: 6.3 (Strong).

SPOT Price History and Drawdown Data

Latest price

$481.06

High-water mark

$775.90

Current drawdown

-38.0%

Days in drawdown

381

This SPOT 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 Spotify Technology S.A. drawdowns.

What History Says About SPOT

Spotify Technology S.A. has dropped 10%+ from its high 8 times in its tracked history. These events lasted an average of 293 days with an average max drop of -27.6%.

The current drawdown of -38.0% has lasted 381 days, which is 1.3x the average duration of comparable events.

PeriodMax DropDuration
Feb 2021 to Sep 2024-80.5%1306 days
Jul 2018 to Jun 2020-45.6%692 days
Feb 2025 to May 2025-24.5%82 days
Sep 2020 to Dec 2020-20.7%92 days
Jul 2020 to Sep 2020-14.5%43 days
Jan 2021 to Feb 2021-12.0%37 days

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