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as of market close, Sep 11, 2026
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Berkshire Hathaway Inc. drawdown: 5.5% below the all-time high

Berkshire Hathaway Inc. is 5.5% below its all-time high, set May 2, 2025 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−5.5%
94.5% of ATH
All-time high
$539.8
May 2, 2025
Time below the high
16 mo
since May 2, 2025
Worst-ever drawdown
−53.9%
Mar 5, 2009
Longest underwater
5.4 yrs
between all-time highs
Today's level first reached
Feb 28, 2025
1.5 yrs ago
Last time this deep
Apr 21, 2025
in a previous episode

% of all-time high since 1996#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%50%60%70%80%90%
BRK-B close · log50.00100200500
200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Dec 10, 2007Mar 5, 2009−53.9%15 moFeb 15, 20135.2 yrs
Jun 19, 1998Mar 10, 2000−49.4%1.7 yrsNov 14, 20035.4 yrs
Jan 17, 2020Mar 23, 2020−29.6%2 moNov 16, 202010 mo
Mar 28, 2022Oct 12, 2022−26.6%7 moAug 7, 202316 mo
Dec 18, 2014Jan 25, 2016−18.7%13 moNov 10, 20161.9 yrs
May 10, 1996Jun 3, 1996−16.2%24 daysFeb 10, 19979 mo
Oct 9, 2018Dec 24, 2018−16.1%2 moDec 12, 201914 mo
Apr 12, 2004Sep 21, 2005−16.0%17 moAug 21, 20062.4 yrs

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 1996: how far Berkshire Hathaway Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is Berkshire Hathaway Inc. from its all-time high?
Berkshire Hathaway Inc. is currently 5.5% below its all-time high, set May 2, 2025 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Berkshire Hathaway Inc. drawdown ever?
The deepest decline on record in our data (since 1996) took Berkshire Hathaway Inc. 53.9% below its prior high, bottoming Mar 5, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from BRK-B; no free deep history exists for Berkshire Hathaway Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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