TCOM drawdown: 43.2% below the all-time high
Trip.com Group Limited American Depositary Shares (TCOM) is 43.2% below its all-time high, set Jan 12, 2026 (as of market close, Aug 17, 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 (2003).
- Below all-time high
- −43.2%
- 56.8% of ATH
- All-time high
- $78.96
- Jan 12, 2026
- Time below the high
- 7 mo
- since Jan 12, 2026
- Worst-ever drawdown
- −76.4%
- Nov 20, 2008
- Longest underwater
- 7.2 yrs
- between all-time highs
- Today's level first reached
- Oct 26, 2015
- 10.8 yrs ago
- Last time this deep
- Dec 20, 2023
- in a previous episode
% of all-time high since 2003#
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 TCOM, 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 |
|---|---|---|---|---|---|
| May 5, 2008 | Nov 20, 2008 | −76.4% | 7 mo | Nov 13, 2009 | 1.5 yrs |
| Nov 2, 2010 | Jul 31, 2012 | −76.1% | 1.7 yrs | Sep 25, 2013 | 2.9 yrs |
| Jul 31, 2017 | Mar 14, 2022 | −72.0% | 4.6 yrs | Sep 27, 2024 | 7.2 yrs |
| Jan 12, 2026 | Jun 30, 2026 | −49.5% | 6 mo | not yet | 7 mo+ |
| Dec 12, 2003 | May 10, 2004 | −40.2% | 5 mo | Oct 6, 2004 | 10 mo |
| Sep 5, 2014 | Dec 16, 2014 | −40.1% | 3 mo | May 14, 2015 | 8 mo |
| Oct 2, 2013 | Feb 3, 2014 | −38.0% | 4 mo | Jun 16, 2014 | 8 mo |
| Nov 20, 2015 | Feb 11, 2016 | −34.9% | 3 mo | May 10, 2017 | 18 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 2003: how far TCOM 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: TCOM 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 TCOM from its all-time high?
- TCOM is currently 43.2% below its all-time high, set Jan 12, 2026 (as of market close, Aug 17, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest TCOM drawdown ever?
- The deepest decline on record in our data (since 2003) took the stock 76.4% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2003 (split-adjusted). "All-time" means since our price data begins — TCOM 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.