This conceptual paper makes the case that peer victimization should be considered a potentially traumatic event due to the similarities between peer victimization and trauma in terms of definition, outcomes, theoretical frameworks, and measurement. Furthermore, there is a trend to include peer victimization on surveys measuring adverse childhood experiences and other childhood trauma. We conclude with a call for changes to the intervention and prevention efforts in the area of peer victimization. Both whole-school initiatives and programs targeting victimized students should address peer victimization in the same manner as other traumatic events in childhood.