SBAC drawdown: 55.4% below the all-time high
SBA Communications Corporation (SBAC) is 55.4% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 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 (1999).
- Below all-time high
- −55.4%
- 44.6% of ATH
- All-time high
- $389.0
- Dec 31, 2021
- Time below the high
- 4.6 yrs
- since Dec 31, 2021
- Worst-ever drawdown
- −99.6%
- Oct 14, 2002
- Longest underwater
- 12.0 yrs
- between all-time highs
- Today's level first reached
- Jan 31, 2018
- 8.5 yrs ago
- Last time this deep
- Sep 9, 2009
- in a previous episode
% of all-time high since 1999#
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 SBAC, 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 29, 2000 | Oct 14, 2002 | −99.6% | 2.3 yrs | Jun 26, 2012 | 12.0 yrs |
| Dec 31, 2021 | Mar 25, 2026 | −57.5% | 4.2 yrs | not yet | 4.6 yrs+ |
| Jul 12, 1999 | Aug 10, 1999 | −38.1% | 29 days | Nov 11, 1999 | 4 mo |
| Mar 13, 2000 | Apr 17, 2000 | −36.3% | 35 days | Jun 29, 2000 | 4 mo |
| Aug 17, 2015 | Feb 11, 2016 | −33.6% | 6 mo | May 2, 2017 | 1.7 yrs |
| Mar 4, 2020 | Mar 23, 2020 | −28.9% | 19 days | Apr 9, 2020 | 36 days |
| Sep 15, 2020 | Mar 4, 2021 | −27.0% | 6 mo | Jul 6, 2021 | 10 mo |
| Nov 11, 1999 | Nov 24, 1999 | −24.8% | 13 days | Dec 16, 1999 | 35 days |
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 1999: how far SBAC 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: SBAC 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 SBAC from its all-time high?
- SBAC is currently 55.4% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest SBAC drawdown ever?
- The deepest decline on record in our data (since 1999) took the stock 99.6% below its prior high, bottoming Oct 14, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1999 (split-adjusted). "All-time" means since our price data begins — SBAC 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.