Stocks furthest below their all-time high

The gap between a stock’s most recent close and the highest price it has ever traded at. A figure of −70% means the price is 70% below its record. The comparison is on quoted prices — split-adjusted, dividends excluded — so it matches what you would see at a broker.

No. This is the single most important thing to understand about this page. A stock 80% below its high may be a business in permanent decline, a cyclical company at the bottom of its cycle, or one that was wildly overpriced at the peak and is now merely expensive. The price history cannot tell you which, and nothing on this page is a valuation. Falling further is not the same as becoming better value.

They are different measurements. The distance from the high is a price figure. The worst-ever column is a total-return drawdown — the fall a holder experienced with dividends reinvested — which is shallower than the price fall on any company that pays a dividend. Both are shown because a stock currently down 40%, which has recovered from a 65% fall before, is telling you something a single number cannot.

A company needs at least five years of usable price history to qualify. A stock that listed at its debut price and drifted down since is not a story about falling from a peak, and including those would fill the board with IPOs rather than with companies that have actually been through something.

No, and this site cannot show you the ones that did not — every company here is in today’s Nifty 500, so businesses that collapsed or delisted are absent entirely. That survivorship bias runs through every historical figure on ReturnScreener and is worth holding in mind on this page above all others.