STE drawdown: 20.3% below the all-time high
STERIS plc (Ireland) (STE) is 20.3% below its all-time high, set Jan 16, 2026 (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 (1992).
- Below all-time high
- −20.3%
- 79.7% of ATH
- All-time high
- $268.6
- Jan 16, 2026
- Time below the high
- 6 mo
- since Jan 16, 2026
- Worst-ever drawdown
- −77.2%
- May 26, 2000
- Longest underwater
- 10.1 yrs
- between all-time highs
- Today's level first reached
- Apr 23, 2021
- 5.3 yrs ago
- Last time this deep
- Apr 25, 2024
- in a previous episode
% of all-time high since 1992#
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 STE, 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 |
|---|---|---|---|---|---|
| Jul 17, 1998 | May 26, 2000 | −77.2% | 1.9 yrs | Aug 4, 2008 | 10.1 yrs |
| Sep 26, 2008 | Mar 9, 2009 | −49.8% | 5 mo | Feb 6, 2013 | 4.4 yrs |
| Dec 31, 1996 | Mar 20, 1997 | −47.4% | 3 mo | Sep 16, 1997 | 9 mo |
| Dec 5, 1995 | Jul 16, 1996 | −40.6% | 7 mo | Dec 9, 1996 | 12 mo |
| Apr 29, 1994 | Jul 28, 1994 | −37.5% | 3 mo | Nov 3, 1994 | 6 mo |
| Jan 21, 1993 | Apr 16, 1993 | −36.6% | 3 mo | Sep 3, 1993 | 7 mo |
| Apr 20, 2022 | Sep 27, 2022 | −36.5% | 5 mo | Nov 6, 2025 | 3.5 yrs |
| Feb 14, 2020 | Mar 23, 2020 | −36.1% | 38 days | Sep 15, 2020 | 7 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 1992: how far STE 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: STE 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 STE from its all-time high?
- STE is currently 20.3% below its all-time high, set Jan 16, 2026 (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 STE drawdown ever?
- The deepest decline on record in our data (since 1992) took the stock 77.2% below its prior high, bottoming May 26, 2000. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1992 (split-adjusted). "All-time" means since our price data begins — STE 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.