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as of market close, Sep 11, 2026
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Pfizer Inc. drawdown: 54.7% below the all-time high

Pfizer Inc. is 54.7% below its all-time high, set Dec 16, 2021 (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
−54.7%
45.3% of ATH
All-time high
$61.25
Dec 16, 2021
Time below the high
4.7 yrs
since Dec 16, 2021
Worst-ever drawdown
−76.7%
Mar 2, 2009
Longest underwater
22.3 yrs
between all-time highs
Today's level first reached
Feb 23, 1998
28.5 yrs ago
Last time this deep
Jul 11, 2012
in a previous episode

% of all-time high since 1972#

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%40%60%80%
PFE close · log0.502.0010.0050.00
19801990200020102020

The deepest drawdowns on record#

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Apr 12, 1999Mar 2, 2009−76.7%9.9 yrsAug 10, 202122.3 yrs
Dec 16, 2021Apr 10, 2025−64.8%3.3 yrsnot yet4.7 yrs+
Jul 25, 1973Oct 4, 1974−58.7%14 moDec 30, 19807.4 yrs
Feb 17, 1987Dec 15, 1987−45.6%10 moOct 18, 19903.7 yrs
Jan 9, 1992Apr 4, 1994−37.5%2.2 yrsMar 17, 19953.2 yrs
Jul 1, 1983Jul 24, 1984−33.0%13 moApr 19, 19851.8 yrs
Jul 13, 1998Oct 13, 1998−26.3%3 moDec 23, 19985 mo
Apr 30, 1981Sep 25, 1981−25.6%5 moJan 28, 19829 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 1972: how far Pfizer 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 Pfizer Inc. from its all-time high?
Pfizer Inc. is currently 54.7% below its all-time high, set Dec 16, 2021 (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 Pfizer Inc. drawdown ever?
The deepest decline on record in our data (since 1972) took Pfizer Inc. 76.7% below its prior high, bottoming Mar 2, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from PFE; no free deep history exists for Pfizer 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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