SAP
SAP.DEGermanyGlobal enterprise resource planning (ERP) and cloud software leader; #1 constituent of Germany’s DAX 40 and #2 in Euro Stoxx 50.
-28.06%
Correction·(-20% to -35%)
As of Oct 28, 2026, SAP (SAP.DE) closed at €201.65, representing a -28.06% drawdown from its all-time high of €280.30 recorded on Feb 12, 2025 (623 days ago). Returning to all-time high requires a +39.0% gain.
Current Drawdown
-28.06%
From all-time highLast Close
€201.65
Oct 28, 2026
All-Time High
€280.30
Feb 12, 2025
Days Below Peak
623d
Days below ATHGain to ATH
+39.0%
Needed to recoverLoading chart…
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Benchmark Indexes Where SAP is a Top Holding
Compare SAP (SAP.DE) at -28.06% against the major equity indexes it anchors.
Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, SAP experienced an average intra-year drawdown of -18.3% lasting an average of 96 days peak-to-trough, with its deepest drawdown reaching -36.6% in 2020.
10Y Avg Drawdown
-18.27%
Pullback
Deepest Drawdown
-36.56%
2020 · Bear Market
Avg Peak-to-Trough
96 days
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -27.72%Correction | Feb 12, 2025 €280.30 | Nov 20, 2025 €202.60 | 281 days | -11.56% |
| 2024 | -9.77%Minor Dip | Mar 26, 2024 €181.94 | Apr 19, 2024 €164.16 | 24 days | +69.20% |
| 2023 | -8.59%Minor Dip | Sep 8, 2023 €131.38 | Sep 26, 2023 €120.10 | 18 days | +44.87% |
| 2022 | -34.74%Correction | Jan 5, 2022 €124.60 | Sep 23, 2022 €81.32 | 261 days | -22.50% |
| 2021 | -11.50%Pullback | Nov 8, 2021 €128.50 | Nov 30, 2021 €113.72 | 22 days | +15.58% |
| 2020 | -36.56%Bear Market | Sep 2, 2020 €142.34 | Nov 2, 2020 €90.30 | 61 days | -10.59% |
| 2019 | -17.08%Pullback | Jul 3, 2019 €124.50 | Oct 2, 2019 €103.24 | 91 days | +38.00% |
| 2018 | -21.38%Correction | Sep 27, 2018 €107.92 | Dec 27, 2018 €84.85 | 91 days | -6.79% |
| 2017 | -9.37%Minor Dip | Jun 2, 2017 €96.30 | Aug 29, 2017 €87.28 | 88 days | +13.18% |
| 2016 | -5.97%Minor Dip | Oct 27, 2016 €80.91 | Nov 14, 2016 €76.08 | 18 days | +2.57% |
Compare with Other Drawdowns
Frequently Asked Questions about SAP
Click to expandHow is the current drawdown of SAP calculated?
For SAP, drawdown measures the percentage decline from its all-time high closing peak of €280.30 (reached on Feb 12, 2025) to its latest daily close of €201.65:
((€201.65 - €280.30) / €280.30) × 100 = -28.06%
Calculations use official daily settled closes to filter out intraday wick noise. The drawdown only resets to 0.00% when a new settled close surpasses €280.30.
At what prices does SAP enter a dip, pullback, correction, or bear market?
Measuring from SAP's all-time high closing price of €280.30:
• -10% Dip: Triggers at €252.27
• -20% Pullback: Triggers at €224.24
• -35% Correction: Triggers at €182.20
• -35% Bear Market: Triggers at €182.20
At its latest close of €201.65 (-28.06%), SAP is currently in Correction territory (Substantial equity valuation reset or multiple compression (20% to 35% drop).).
How much does SAP need to rise to reach a new all-time high?
From its current drawdown of -28.06%, SAP must gain +39.0% from its current price of €201.65 to break even back at its all-time high of €280.30.
Because losses compound on a reduced capital base, the recovery gain required always exceeds the drawdown percentage. For example, on a hypothetical $1,000 capital base at today's price, returning to prior all-time highs equals $1,390.03 (a +$390.03 recovery increase).
What is the typical annual drawdown and duration for SAP?
Across completed annual calendar cycles, SAP experienced an average intra-year pullback of -18.3%, taking an average of 96 calendar days to reach bottom from its intra-year peak. The deepest annual decline occurred in 2020 with a -36.6% drop, while the mildest year was 2016 with a pullback of only -6.0%.
What is the historical maximum drawdown for SAP?
The maximum historical drawdown recorded for SAP across tracked cycles is -54.14%. In recent market history, its deepest calendar year decline occurred in 2020, falling -36.6% from €142.34 (Sep 2, 2020) down to a trough of €90.30 (Nov 2, 2020), spanning 61 days from peak to bottom.
Which benchmark stock indexes include SAP as a top holding?
SAP (SAP.DE) is tracked as a top constituent holding in 2 major benchmark indexes:
• DAX 40 (^GDAXI): currently at -2.00% drawdown
• Euro Stoxx 50 (^STOXX50E): currently at -5.25% drawdown
Educational & Informational Purpose Only: All data shown is for informational purposes only and does not constitute financial advice. Past drawdowns and recoveries are not indicative of future returns. See our Terms of Service for full disclaimers.