ZBRA drawdown: 56.9% below the all-time high
Zebra Technologies Corporation (ZBRA) is 56.9% below its all-time high, set Dec 10, 2021 (as of market close, Jul 27, 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 (1991).
- Below all-time high
- −56.9%
- 43.1% of ATH
- All-time high
- $614.5
- Dec 10, 2021
- Time below the high
- 4.6 yrs
- since Dec 10, 2021
- Worst-ever drawdown
- −73.4%
- Mar 9, 2009
- Longest underwater
- 9.4 yrs
- between all-time highs
- Today's level first reached
- Jun 1, 2020
- 6.2 yrs ago
- Last time this deep
- Jul 21, 2016
- in a previous episode
% of all-time high since 1991#
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 ZBRA, 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 |
|---|---|---|---|---|---|
| Sep 24, 2004 | Mar 9, 2009 | −73.4% | 4.5 yrs | Feb 19, 2014 | 9.4 yrs |
| Dec 10, 2021 | Nov 1, 2023 | −67.8% | 1.9 yrs | not yet | 4.6 yrs+ |
| Jun 22, 2015 | Jul 6, 2016 | −60.3% | 12 mo | Jan 11, 2018 | 2.6 yrs |
| Dec 2, 1993 | Apr 22, 1994 | −56.1% | 5 mo | Jul 14, 1995 | 1.6 yrs |
| Jan 3, 1996 | Jul 16, 1996 | −56.0% | 6 mo | Sep 30, 1997 | 1.7 yrs |
| Feb 16, 2000 | Apr 4, 2001 | −50.9% | 14 mo | May 29, 2003 | 3.3 yrs |
| Jun 30, 1998 | Mar 24, 1999 | −45.6% | 9 mo | Jul 15, 1999 | 12 mo |
| Jan 2, 2020 | Mar 12, 2020 | −37.7% | 2 mo | May 29, 2020 | 5 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 1991: how far ZBRA 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: ZBRA 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 ZBRA from its all-time high?
- ZBRA is currently 56.9% below its all-time high, set Dec 10, 2021 (as of market close, Jul 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ZBRA drawdown ever?
- The deepest decline on record in our data (since 1991) took the stock 73.4% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1991 (split-adjusted). "All-time" means since our price data begins — ZBRA 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.