TM drawdown: 26.4% below the all-time high
Toyota Motor Corporation (TM) is 26.4% below its all-time high, set Mar 22, 2024 (as of market close, Aug 6, 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 (1980).
- Below all-time high
- −26.4%
- 73.6% of ATH
- All-time high
- $254.8
- Mar 22, 2024
- Time below the high
- 2.4 yrs
- since Mar 22, 2024
- Worst-ever drawdown
- −61.2%
- Apr 14, 2003
- Longest underwater
- 8.1 yrs
- between all-time highs
- Today's level first reached
- Jan 4, 2022
- 4.6 yrs ago
- Last time this deep
- Jun 26, 2023
- in a previous episode
% of all-time high since 1980#
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 TM, 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 |
|---|---|---|---|---|---|
| Apr 25, 2000 | Apr 14, 2003 | −61.2% | 3.0 yrs | Jan 9, 2006 | 5.7 yrs |
| Jan 4, 2007 | Mar 9, 2009 | −58.1% | 2.2 yrs | Feb 24, 2015 | 8.1 yrs |
| Aug 10, 1981 | Aug 12, 1982 | −46.9% | 12 mo | Sep 8, 1988 | 7.1 yrs |
| Jan 13, 2022 | Sep 30, 2022 | −38.4% | 9 mo | Feb 6, 2024 | 2.1 yrs |
| Mar 22, 2024 | Apr 4, 2025 | −37.7% | 12 mo | not yet | 2.4 yrs+ |
| Oct 17, 1997 | Sep 17, 1998 | −36.5% | 11 mo | Jul 1, 1999 | 1.7 yrs |
| Mar 23, 2015 | Apr 7, 2016 | −32.4% | 13 mo | Dec 11, 2020 | 5.7 yrs |
| Jan 25, 1989 | Nov 9, 1992 | −32.1% | 3.8 yrs | May 26, 1993 | 4.3 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 1980: how far TM 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: TM 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 TM from its all-time high?
- TM is currently 26.4% below its all-time high, set Mar 22, 2024 (as of market close, Aug 6, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest TM drawdown ever?
- The deepest decline on record in our data (since 1980) took the stock 61.2% below its prior high, bottoming Apr 14, 2003. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1980 (split-adjusted). "All-time" means since our price data begins — TM 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.