CRM drawdown: 55.5% below the all-time high
Salesforce Inc. (CRM) is 55.5% below its all-time high, set Dec 4, 2024 (as of market close, Jul 24, 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. "All-time" means since our price data begins (2004).
- Below all-time high
- −55.5%
- 44.5% of ATH
- All-time high
- $367.9
- Dec 4, 2024
- Time below the high
- 1.6 yrs
- since Dec 4, 2024
- Worst-ever drawdown
- −70.5%
- Nov 19, 2008
- Longest underwater
- 2.3 yrs
- between all-time highs
- Today's level first reached
- Feb 28, 2019
- 7.4 yrs ago
- Last time this deep
- Jan 5, 2023
- in a previous episode
% of all-time high since 2004#
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.
% of all-time high on the price basis — the all-time high considers the full history of CRM, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 23, 2008 | Nov 19, 2008 | −70.5% | 5 mo | Dec 29, 2009 | 1.5 yrs |
| Dec 4, 2024 | Jun 22, 2026 | −59.2% | 1.5 yrs | not yet | 1.6 yrs+ |
| Nov 8, 2021 | Dec 16, 2022 | −58.6% | 13 mo | Mar 1, 2024 | 2.3 yrs |
| Jan 30, 2006 | Jul 17, 2006 | −48.8% | 6 mo | Nov 7, 2006 | 9 mo |
| Jun 23, 2004 | Aug 13, 2004 | −44.2% | 51 days | Oct 6, 2004 | 3 mo |
| Nov 2, 2004 | Feb 10, 2005 | −40.5% | 3 mo | Jul 14, 2005 | 8 mo |
| Jul 19, 2011 | Jan 4, 2012 | −38.8% | 6 mo | Apr 13, 2012 | 9 mo |
| Feb 20, 2020 | Mar 16, 2020 | −35.7% | 25 days | Jul 6, 2020 | 5 mo |
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 2004: how far CRM stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: CRM is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 CRM from its all-time high?
- CRM is currently 55.5% below its all-time high, set Dec 4, 2024 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest CRM drawdown ever?
- The deepest decline on record in our data (since 2004) took the stock 70.5% below its prior high, bottoming Nov 19, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2004 (split-adjusted). "All-time" means since our price data begins — CRM may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.