3M Company drawdown: 23.7% below the all-time high
3M Company is 23.7% below its all-time high, set Jan 26, 2018 (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
- −23.7%
- 76.3% of ATH
- All-time high
- $216.25
- Jan 26, 2018
- Time below the high
- 8.6 yrs
- since Jan 26, 2018
- Worst-ever drawdown
- −66.9%
- Oct 23, 2023
- Longest underwater
- 12.2 yrs
- between all-time highs
- Today's level first reached
- May 3, 2017
- 9.4 yrs ago
- Last time this deep
- Oct 7, 2011
- in a previous episode
% of all-time high since 1970#
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 |
|---|---|---|---|---|---|
| Jan 26, 2018 | Oct 23, 2023 | −66.9% | 5.7 yrs | not yet | 8.6 yrs+ |
| Oct 5, 2007 | Mar 6, 2009 | −56.4% | 17 mo | Apr 26, 2011 | 3.6 yrs |
| Sep 26, 1973 | Apr 4, 1978 | −52.2% | 4.5 yrs | Dec 17, 1985 | 12.2 yrs |
| Jan 14, 1970 | Jul 7, 1970 | −37.4% | 6 mo | Mar 18, 1971 | 14 mo |
| Oct 1, 1987 | Oct 26, 1987 | −34.9% | 25 days | Jan 11, 1990 | 2.3 yrs |
| Jul 14, 1997 | Sep 1, 1998 | −34.2% | 14 mo | Dec 4, 2000 | 3.4 yrs |
| May 16, 2001 | Sep 21, 2001 | −30.7% | 4 mo | Apr 24, 2002 | 11 mo |
| Jul 7, 2011 | Oct 3, 2011 | −27.6% | 3 mo | Jan 17, 2013 | 1.5 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 1970: how far 3M Company 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 3M Company from its all-time high?
- 3M Company is currently 23.7% below its all-time high, set Jan 26, 2018 (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 3M Company drawdown ever?
- The deepest decline on record in our data (since 1970) took 3M Company 66.9% below its prior high, bottoming Oct 23, 2023. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from MMM; no free deep history exists for 3M Company — 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.