Gap Inc. (The) drawdown: 56.3% below the all-time high (price)
Gap Inc. (The) is 56.3% below its all-time high, set Feb 3, 2000 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. 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
- −56.3%
- 43.7% of ATH
- All-time high
- $52.88
- Feb 3, 2000
- Time below the high
- 26.7 yrs
- since Feb 3, 2000
- Worst-ever drawdown
- −89.6%
- Apr 2, 2020
- Longest underwater
- 26.7 yrs
- between all-time highs
- Today's level first reached
- May 8, 1998
- 28.4 yrs ago
- Last time this deep
- Oct 13, 1988
- in a previous episode
% of all-time high since 1987: price#
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.
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 |
|---|---|---|---|---|---|
| Feb 3, 2000 | Apr 2, 2020 | −89.6% | 20.2 yrs | not yet | 26.7 yrs+ |
| Aug 7, 1987 | Oct 26, 1987 | −78.9% | 3 mo | Jan 17, 1991 | 3.4 yrs |
| Jan 6, 1992 | Sep 8, 1993 | −56.1% | 1.7 yrs | Apr 24, 1996 | 4.3 yrs |
| Jul 8, 1999 | Sep 29, 1999 | −39.1% | 3 mo | Feb 3, 2000 | 7 mo |
| Jul 14, 1998 | Sep 2, 1998 | −28.1% | 50 days | Nov 6, 1998 | 4 mo |
| Aug 12, 1996 | Oct 9, 1996 | −26.0% | 58 days | Jun 11, 1997 | 10 mo |
| Apr 12, 1999 | May 25, 1999 | −21.6% | 43 days | Jul 8, 1999 | 3 mo |
| Jun 5, 1996 | Jul 29, 1996 | −20.2% | 54 days | Aug 12, 1996 | 2 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 1987: how far Gap Inc. (The) 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: 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 Gap Inc. (The) from its all-time high?
- Gap Inc. (The) is currently 56.3% below its all-time high, set Feb 3, 2000 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Gap Inc. (The) drawdown ever?
- The deepest decline on record in our data (since 1987) took Gap Inc. (The) 89.6% below its prior high, bottoming Apr 2, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from GAP; no free deep history exists for Gap Inc. (The) — 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.