WBD
StockWarner Bros. Discovery, Inc.
One email when a drop — in price or in valuation — is historically rare for WBD. Otherwise we stay quiet.
This is the kind of decline worth waking up for.
Warner Bros. Discovery, Inc. is 63.1% off its high — among the deepest declines in its recorded history.
But down is not the same as cheap: Warner Bros. Discovery, Inc.'s P/S Severity Score is 1.8 — its valuation sits in or above its typical range.
Historic
Current Drawdown
-63.1%
Days in Drawdown
1967
Avg Max Drawdown
4.8%
Avg Length
60
Drawdown Severity Score™
12.8
WBD - Price & High Water Mark
WBD - 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 August 20, 2026 · updated daily
Where today's valuation sits within WBD'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
Warner Bros. Discovery, Inc. has been cheaper on this measure only about 40% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Warner Bros. Discovery, Inc. has been cheaper on this measure only about 84% of the time in 20 years of daily history.
EV to EBITDA history · log scale
Warner Bros. Discovery, Inc. (WBD) Analysis: Current Drawdown Insights
Warner Bros. Discovery, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $28.55, which represents a 63.1% decline from its all-time high of $77.27. This drawdown has persisted for 1967 days.
Based on its full tracked price history, Warner Bros. Discovery, Inc. typically experiences drawdowns averaging 4.8% in depth, with an average duration of 60 days. Warner Bros. Discovery, Inc. has gone through 93 total drawdown events in its tracked history. The largest drawdown on record for Warner Bros. Discovery, Inc. was 64.8%, beginning in 2013. The longest drawdown duration on record was 2601 days.
The Drawdown Severity Score™ for Warner Bros. Discovery, Inc. currently stands at 12.77. 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 Warner Bros. Discovery, 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 93 tracked pullbacks (60 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2021-04-02 | Ongoing | 1967 days | -63.1% | $77.27 | $28.55 | n/a |
| 2021-03-17 | 2021-03-18 | 2 days | -2.3% | $75.81 | $74.07 | $75.95 |
| 2021-03-09 | 2021-03-12 | 4 days | -6.3% | $67.25 | $63.01 | $71.10 |
| 2021-02-23 | 2021-03-01 | 7 days | -7.2% | $55.29 | $51.32 | $58.18 |
| 2021-02-16 | 2021-02-17 | 2 days | -0.9% | $47.80 | $47.35 | $49.36 |
| 2013-12-31 | 2021-02-12 | 2601 days | -64.8% | $46.22 | $16.28 | $47.80 |
| 2013-12-26 | 2013-12-27 | 2 days | -0.2% | $45.41 | $45.32 | $45.45 |
| 2013-11-01 | 2013-12-24 | 54 days | -7.2% | $45.41 | $42.13 | $45.41 |
| 2013-10-28 | 2013-10-31 | 4 days | -1.5% | $43.77 | $43.11 | $45.41 |
| 2013-07-19 | 2013-10-25 | 99 days | -10.0% | $43.68 | $39.31 | $43.77 |
| 2013-07-15 | 2013-07-18 | 4 days | -0.9% | $43.47 | $43.09 | $43.68 |
| 2013-07-09 | 2013-07-10 | 2 days | -0.1% | $41.91 | $41.85 | $42.34 |
| 2013-04-15 | 2013-07-05 | 82 days | -9.2% | $41.41 | $37.59 | $41.45 |
| 2013-03-27 | 2013-04-10 | 15 days | -2.3% | $40.64 | $39.69 | $41.10 |
| 2013-03-25 | 2013-03-26 | 2 days | -0.1% | $40.43 | $40.40 | $40.64 |
| 2013-03-21 | 2013-03-22 | 2 days | -0.7% | $40.35 | $40.07 | $40.43 |
| 2013-03-15 | 2013-03-20 | 6 days | -1.8% | $40.22 | $39.51 | $40.35 |
| 2013-03-11 | 2013-03-12 | 2 days | -0.1% | $39.81 | $39.75 | $39.81 |
| 2013-03-06 | 2013-03-07 | 2 days | -1.6% | $39.14 | $38.50 | $39.43 |
| 2013-02-14 | 2013-02-27 | 14 days | -3.9% | $36.55 | $35.11 | $37.46 |
| 2013-02-11 | 2013-02-13 | 3 days | -0.7% | $36.52 | $36.25 | $36.55 |
| 2013-02-04 | 2013-02-07 | 4 days | -1.1% | $35.93 | $35.52 | $36.09 |
| 2013-01-28 | 2013-01-31 | 4 days | -0.6% | $35.26 | $35.06 | $35.45 |
| 2013-01-14 | 2013-01-23 | 10 days | -1.8% | $34.83 | $34.20 | $34.84 |
| 2013-01-09 | 2013-01-11 | 3 days | -0.7% | $34.67 | $34.44 | $34.83 |
| 2013-01-07 | 2013-01-08 | 2 days | -0.2% | $33.77 | $33.68 | $34.67 |
| 2012-12-19 | 2013-01-02 | 15 days | -2.7% | $32.50 | $31.62 | $33.46 |
| 2012-10-17 | 2012-12-17 | 62 days | -10.8% | $31.61 | $28.20 | $31.79 |
| 2012-10-08 | 2012-10-15 | 8 days | -2.5% | $31.30 | $30.50 | $31.44 |
| 2012-10-02 | 2012-10-03 | 2 days | -0.2% | $30.63 | $30.57 | $30.75 |
| 2012-09-24 | 2012-10-01 | 8 days | -2.7% | $30.61 | $29.78 | $30.63 |
| 2012-09-17 | 2012-09-19 | 3 days | -0.4% | $30.02 | $29.90 | $30.37 |
| 2012-09-10 | 2012-09-12 | 3 days | -0.7% | $28.83 | $28.63 | $28.95 |
| 2012-09-05 | 2012-09-06 | 2 days | -0.1% | $28.25 | $28.23 | $28.71 |
| 2012-05-04 | 2012-09-04 | 124 days | -12.3% | $28.17 | $24.72 | $28.25 |
| 2012-04-30 | 2012-05-03 | 4 days | -1.4% | $28.05 | $27.65 | $28.17 |
| 2012-04-23 | 2012-04-26 | 4 days | -1.8% | $26.81 | $26.31 | $27.27 |
| 2012-04-18 | 2012-04-20 | 3 days | -1.0% | $26.78 | $26.52 | $26.81 |
| 2012-04-09 | 2012-04-16 | 8 days | -3.9% | $26.44 | $25.42 | $26.52 |
| 2012-04-04 | 2012-04-05 | 2 days | -0.3% | $26.10 | $26.02 | $26.44 |
| 2012-03-28 | 2012-03-30 | 3 days | -0.3% | $25.29 | $25.23 | $25.86 |
| 2012-03-22 | 2012-03-23 | 2 days | -0.3% | $24.70 | $24.62 | $24.73 |
| 2012-03-14 | 2012-03-21 | 8 days | -1.5% | $24.60 | $24.23 | $24.70 |
| 2012-03-06 | 2012-03-13 | 7 days | -2.0% | $24.28 | $23.79 | $24.60 |
| 2012-03-01 | 2012-03-02 | 2 days | -0.3% | $23.84 | $23.77 | $24.20 |
| 2012-02-16 | 2012-02-29 | 14 days | -3.5% | $23.38 | $22.57 | $23.84 |
| 2012-02-09 | 2012-02-15 | 7 days | -1.2% | $23.17 | $22.89 | $23.38 |
| 2011-05-20 | 2012-02-08 | 265 days | -23.4% | $23.17 | $17.76 | $23.17 |
| 2010-10-29 | 2011-05-18 | 202 days | -14.3% | $22.98 | $19.70 | $23.09 |
| 2010-10-14 | 2010-10-25 | 12 days | -2.9% | $22.46 | $21.80 | $22.63 |
| 2010-10-06 | 2010-10-13 | 8 days | -1.5% | $22.43 | $22.08 | $22.46 |
| 2010-06-16 | 2010-09-03 | 80 days | -11.5% | $20.20 | $17.87 | $20.53 |
| 2010-05-04 | 2010-06-15 | 43 days | -10.4% | $20.11 | $18.01 | $20.20 |
| 2010-01-11 | 2010-03-22 | 70 days | -14.9% | $16.75 | $14.25 | $16.95 |
| 2009-10-09 | 2009-11-16 | 39 days | -11.8% | $15.80 | $13.94 | $16.13 |
| 2009-09-21 | 2009-10-06 | 16 days | -6.4% | $15.13 | $14.15 | $15.38 |
| 2007-10-08 | 2009-08-25 | 688 days | -61.3% | $13.56 | $5.25 | $13.64 |
| 2007-08-09 | 2007-09-11 | 34 days | -14.1% | $12.12 | $10.41 | $12.14 |
| 2007-07-20 | 2007-08-08 | 20 days | -10.8% | $12.03 | $10.73 | $12.12 |
| 2007-01-17 | 2007-03-21 | 63 days | -8.4% | $8.04 | $7.37 | $8.30 |
| 2005-07-13 | 2006-12-11 | 517 days | -18.0% | $7.49 | $6.14 | $7.58 |
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:
Warner Bros. Discovery, Inc. (WBD) is trading at $28.55 as of Aug 21, 2026. It is 63.1% below its high of $77.27. The drawdown has lasted 1,967 days. Severity score: 12.8 (Historic).
WBD Price History and Drawdown Data
Latest price
$28.55
High-water mark
$77.27
Current drawdown
-63.1%
Days in drawdown
1,967
This WBD 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 Warner Bros. Discovery, Inc. drawdowns.
What History Says About WBD
Warner Bros. Discovery, Inc. has dropped 15%+ from its high 4 times in its tracked history. These events lasted an average of 1018 days with an average max drop of -41.9%.
The current drawdown of -63.1% has lasted 1,967 days, which is 1.9x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Dec 2013 to Feb 2021 | -64.8% | 2601 days |
| Oct 2007 to Aug 2009 | -61.3% | 688 days |
| May 2011 to Feb 2012 | -23.4% | 265 days |
| Jul 2005 to Dec 2006 | -18.0% | 517 days |
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