SAP SE ADS drawdown: 32.4% below the all-time high
SAP SE ADS is 32.4% below its all-time high, set Jul 9, 2025 (as of market close, Oct 1, 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
- −32.4%
- 67.6% of ATH
- All-time high
- $311.93
- Jul 9, 2025
- Time below the high
- 15 mo
- since Jul 9, 2025
- Worst-ever drawdown
- −88.0%
- Oct 7, 2002
- Longest underwater
- 13.0 yrs
- between all-time highs
- Today's level first reached
- Jul 23, 2024
- 2.2 yrs ago
- Last time this deep
- Feb 28, 2023
- in a previous episode
% of all-time high since 1995#
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 |
|---|---|---|---|---|---|
| Mar 10, 2000 | Oct 7, 2002 | −88.0% | 2.6 yrs | Mar 14, 2013 | 13.0 yrs |
| Jul 31, 1998 | Mar 23, 1999 | −61.3% | 8 mo | Jan 13, 2000 | 17 mo |
| Sep 2, 2020 | Sep 27, 2022 | −53.2% | 2.1 yrs | Jan 24, 2024 | 3.4 yrs |
| Jul 9, 2025 | Jul 23, 2026 | −53.1% | 12 mo | not yet | 15 mo+ |
| Jul 3, 2019 | Mar 19, 2020 | −32.9% | 9 mo | Jun 22, 2020 | 12 mo |
| Oct 18, 1996 | Nov 1, 1996 | −32.0% | 14 days | May 2, 1997 | 6 mo |
| Dec 15, 1995 | Apr 11, 1996 | −29.0% | 4 mo | Sep 13, 1996 | 9 mo |
| Dec 31, 2013 | Sep 28, 2015 | −27.3% | 1.7 yrs | Jul 29, 2016 | 2.6 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 1995: how far SAP SE ADS 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 SAP SE ADS from its all-time high?
- SAP SE ADS is currently 32.4% below its all-time high, set Jul 9, 2025 (as of market close, Oct 1, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest SAP SE ADS drawdown ever?
- The deepest decline on record in our data (since 1995) took SAP SE ADS 88.0% below its prior high, bottoming Oct 7, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from SAP; no free deep history exists for SAP SE ADS — 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.