PANW’s worst drop since 2012 was 48%
Palo Alto Networks (PANW) fell 48% from Feb 2019 to Mar 2020. It took 1.4 years from that peak to close at a new high, in Jul 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 914th of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2012 to now
How PANW held up in each crash
| Crash | Years | PANW | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −46.8% | −33.7% |
| 2022 rate shock | 2022 | −34.5% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how PANW behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was PANW’s maximum drawdown?
PANW’s deepest fall since 2012 was 48.0%, from its high on February 27, 2019 to its low on March 18, 2020. The figure uses daily prices with dividends reinvested.
How long did PANW take to recover?
1.4 years. PANW first closed above its Feb 2019 high again on July 31, 2020.
Was PANW riskier than the S&P 500?
Over the same years, PANW’s worst drop was 48.0% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −45.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, July 23, 2012 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.