NVO drawdown: 68.7% below the all-time high
Novo Nordisk A/S (NVO) is 68.7% below its all-time high, set Jun 25, 2024 (as of market close, Aug 6, 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 (1981).
- Below all-time high
- −68.7%
- 31.3% of ATH
- All-time high
- $146.9
- Jun 25, 2024
- Time below the high
- 2.1 yrs
- since Jun 25, 2024
- Worst-ever drawdown
- −76.0%
- Mar 30, 2026
- Longest underwater
- 7.9 yrs
- between all-time highs
- Today's level first reached
- Jul 30, 2021
- 5.0 yrs ago
- Last time this deep
- Dec 31, 1987
- in a previous episode
% of all-time high since 1981#
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 NVO, 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 25, 2024 | Mar 30, 2026 | −76.0% | 1.8 yrs | not yet | 2.1 yrs+ |
| Sep 20, 1983 | Oct 19, 1987 | −72.3% | 4.1 yrs | Aug 26, 1991 | 7.9 yrs |
| Aug 6, 2001 | Aug 5, 2002 | −51.7% | 12 mo | Feb 19, 2004 | 2.5 yrs |
| Aug 3, 2015 | Nov 23, 2016 | −47.6% | 16 mo | Jan 15, 2020 | 4.5 yrs |
| May 4, 1998 | Mar 22, 1999 | −42.9% | 11 mo | May 26, 2000 | 2.1 yrs |
| Apr 8, 2008 | Apr 15, 2009 | −42.5% | 12 mo | Mar 5, 2010 | 1.9 yrs |
| Apr 21, 2011 | Oct 7, 2011 | −28.0% | 6 mo | Feb 7, 2012 | 10 mo |
| Sep 26, 2000 | Nov 22, 2000 | −26.7% | 57 days | Jun 20, 2001 | 9 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 1981: how far NVO 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: NVO 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 NVO from its all-time high?
- NVO is currently 68.7% below its all-time high, set Jun 25, 2024 (as of market close, Aug 6, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NVO drawdown ever?
- The deepest decline on record in our data (since 1981) took the stock 76.0% below its prior high, bottoming Mar 30, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1981 (split-adjusted). "All-time" means since our price data begins — NVO 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.