Tenaris S.A. American Depositary Shares drawdown: 24.8% below the all-time high
Tenaris S.A. American Depositary Shares is 24.8% below its all-time high, set Jun 30, 2008 (as of market close, Oct 2, 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
- −24.8%
- 75.2% of ATH
- All-time high
- $74.5
- Jun 30, 2008
- Time below the high
- 18.3 yrs
- since Jun 30, 2008
- Worst-ever drawdown
- −87.7%
- Oct 29, 2020
- Longest underwater
- 18.3 yrs
- between all-time highs
- Today's level first reached
- May 14, 2008
- 18.4 yrs ago
- Last time this deep
- Feb 21, 2008
- in a previous episode
% of all-time high since 2002#
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 |
|---|---|---|---|---|---|
| Jun 30, 2008 | Oct 29, 2020 | −87.7% | 12.3 yrs | not yet | 18.3 yrs+ |
| Apr 24, 2006 | Jun 12, 2006 | −34.0% | 49 days | Dec 13, 2006 | 8 mo |
| Oct 1, 2007 | Jan 18, 2008 | −33.3% | 4 mo | Apr 21, 2008 | 7 mo |
| Jan 6, 2004 | May 10, 2004 | −27.2% | 4 mo | Aug 4, 2004 | 7 mo |
| Oct 3, 2005 | Oct 27, 2005 | −26.6% | 24 days | Jan 19, 2006 | 4 mo |
| Mar 7, 2005 | Apr 15, 2005 | −20.1% | 39 days | May 5, 2005 | 59 days |
| Jul 12, 2007 | Aug 16, 2007 | −19.8% | 35 days | Oct 1, 2007 | 3 mo |
| Dec 15, 2006 | Mar 16, 2007 | −18.7% | 3 mo | Jul 9, 2007 | 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 2002: how far Tenaris S.A. American Depositary Shares 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 Tenaris S.A. American Depositary Shares from its all-time high?
- Tenaris S.A. American Depositary Shares is currently 24.8% below its all-time high, set Jun 30, 2008 (as of market close, Oct 2, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Tenaris S.A. American Depositary Shares drawdown ever?
- The deepest decline on record in our data (since 2002) took Tenaris S.A. American Depositary Shares 87.7% below its prior high, bottoming Oct 29, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from TS; no free deep history exists for Tenaris S.A. American Depositary Shares — 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.