Economy: Most Valuable Companies, by market capitalization
CompanyMarket capitalization,
in billion USD
Apple (U.S.)2,746.21
Microsoft (U.S.)2,309.84
Saudi Arabian Oil Company (Saudi Aramco, Saudi Arabia)2,055.22
Alphabet (U.S.)1,340.53
Amazon (U.S.)1,084.06
NVIDIA (U.S.)708.40
Meta Platforms (U.S.)599.82
Tesla (U.S.)539.00
LVMH Moet, Hennessey, Louis Vuitton (France)482.45
Visa (U.S.)477.38
UnitedHealthGroup (U.S.)460.19
ExxonMobil (U.S.)439.39
Taiwan Semiconductor (Taiwan)423.17
Johnson and Johnson (U.S.)422.76
Tencent Holdings (China)415.36
Walmart (U.S.)409.12
Eli Lilly (U.S.)406.11
JP Morgan Chase (U.S.)399.59
Procter and Gamble (U.S.)367.76
Mastercard (U.S.)364.34
Novo Nordisk (Denmark)359.43
Nestle (Switzerland)337.66
Samsung Electronics (South Korea)334.31
Kweichow Moutai (China)318.07
Chevron (U.S.)303.54
Merck and Co. (U.S.)298.74
The Home Depot (U.S.)293.95
Coca-Cola (U.S.)276.86
PepsiCo (U.S.)267.64
Broadcom (U.S.)262.71
AbbVie (U.S.)261.92
Oracle (U.S.)261.80
ASML Holding (Netherlands)254.33
Roche Holding (Switzerland)253.99
LOreal (France)250.39
International Holding Company (UAE)236.00
AstraZeneca (U.K.)233.12
Costco Wholesale (U.S.)221.32
Bank of America (U.S.)220.82
Alibaba Group (China)216.59
McDonalds (U.S.)216.55
Pfizer (U.S.)216.28
Thermo Gisher Scientific (U.S.)210.74
Novartis (Switzerland)208.15
Shell (U.K.)205.45
ICBC (China)203.01
Salesforce (U.S.)197.59
Nike (U.S.)194.58
Abbott Laboratories (U.S.)193.48
Cisco Systems (U.S.)189.43
Reliacne Industries (India)189.19
China Mobile (Hong Kong)186.41
Walt Disney (U.S.)183.63
Linde (Untied Kingdom)179.61
Accenture (Ireland)176.02
China Construction Bank (China)172.99
Comcast (U.S.)170.46
Adobe (U.S.)159.81
Verizon Communications (U.S.)159.04
SAP (Germany)156.95
NextEra Energy (U.S.)152.79
TotalEnergies (France)151.64
HSBC Holdings (U.K.)151.19
United Parcel Service (U.S.)151.10
Texas Instruments (U.S.)150.51
BHP Group Ltd (Australia)150.43
Philip Morris International (U.S.)148.33
Tata Consultancy Services (India)144.52
Contemporary Amperex Technology (China)143.97
Netflix (U.S.)143.48
Bristol Myers Squibb (U.S.)143.15
Wells Fargo (U.S.)142.36
Agricultural Bank of China (China)141.82
Morgan Stanley (U.S.)141.76
Raytheon Technologies (U.S.)141.12
Sanofi (France)140.17
Unilever (U.K.)140.02
Ping An Insurance Group (China)138.56
RBC (Canada)135.15
Honeywell International (U.S.)132.08
Siemens (Germany)130.65
China Merchants Bank (China)129.84
Intel (U.S.)129.26
Anheuser-Busch InBev (Belgium)128.21
Amgen (U.S.)126.38
PetroChina (China)122.91
Starbucks (U.S.)122.91
Lowes (U.S.)122.74
Union Pacific (U.S.)122.69
Bank of China (China)122.67
ATandT (U.S.)122.46
ConocoPhilips (U.S.)121.45
Qualcomm (U.S.)121.18
AIA Group (Hong Kong)120.40
Medtronic (Ireland)119.82
Intuit (U.S.)119.50
Prologis (U.S.)118.61
Deutsche Telekom (Germany)117.18
Porsche Automobil Holding (Germany)115.76
ConocoPhillips (U.S.)124.43
  • Region: Worldwide
  • Time period: May 5, 2023
  • Published: Jun 2023

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

U.S. companies dominate the global market value

U.S. companies hold 17 out of the top 20 spots for the highest market capitalization, with Apple leading at $2,746.21 billion. This showcases the significant dominance of U.S.-based corporations in the global market landscape.

Technology sector leads in market value

The technology sector has a prominent presence, with companies like Apple, Microsoft, Alphabet, and NVIDIA showcasing market capitalizations of $2,746.21 billion, $2,309.84 billion, $1,340.53 billion, and $708.40 billion respectively, indicating the sector's substantial impact on the economy.

Saudi Aramco stands as the largest non-U.S. company

Saudi Arabian Oil Company (Saudi Aramco) ranks as the highest non-U.S. company by market capitalization with $2,055.22 billion, highlighting the immense value and global influence of the energy sector.

Diverse geographical representation among top companies

Beyond the U.S., companies from Saudi Arabia, France, Taiwan, China, Denmark, Switzerland, South Korea, and the UAE are represented in the top market capitalizations, showing a geographical diversity in economic powerhouses.

Financial services and energy sectors also show strong market capitalizations

Visa and JPMorgan Chase represent the financial services sector with market capitalizations of $477.38 billion and $399.59 billion, respectively, while ExxonMobil and Chevron highlight the energy sector's significance with $439.39 billion and $303.54 billion.

Luxury and consumer goods companies showcase robust valuations

LVMH Moet Hennessy Louis Vuitton, the leading luxury goods company, has a market capitalization of $482.45 billion, and consumer goods giants like Procter & Gamble and Nestle show valuations of $367.76 billion and $337.66 billion, underscoring the strong market presence of consumer-oriented businesses.

Emerging tech and healthcare companies exhibit significant growth potential

NVIDIA and Eli Lilly, with market capitalizations of $708.40 billion and $406.11 billion, reflect the growing influence and potential of the tech and healthcare industries in the global market landscape.

Asian companies make a strong showing

Companies such as Taiwan Semiconductor, Tencent Holdings, and Samsung Electronics with market capitalizations of $423.17 billion, $415.36 billion, and $334.31 billion respectively, indicate the significant role of Asian corporations in the global economy.

Consumer tech continues to thrive

Apple, Samsung Electronics, and Xiaomi are pivotal players in consumer technology, demonstrating the sector's enduring appeal and innovation through their substantial market valuations.

Frequently Asked Questions

Which country's companies dominate the global market value?

U.S. companies dominate the global market value, with 17 out of the top 20 spots for the highest market capitalization.

Which sector leads in market value?

The technology sector leads in market value with companies like Apple, Microsoft, Alphabet, and NVIDIA having high market capitalizations.

Who is the largest non-U.S. company by market capitalization?

The largest non-U.S. company by market capitalization is Saudi Arabian Oil Company (Saudi Aramco) with $2,055.22 billion.

Which sectors, besides technology, show strong market capitalizations?

The financial services and energy sectors also show strong market capitalizations, represented by companies like Visa, JPMorgan Chase, ExxonMobil, and Chevron.

Terms and Definitions

A company refers to a legal entity formed by a group of individuals to engage in and operate a business—commercial, industrial, service-oriented, or otherwise. Companies may be organized in many ways, such as partnerships, joint-stock companies, cooperatives, and others.

Market value, also known as market capitalization, refers to the total dollar market value of a company's outstanding shares of stock. It is calculated by multiplying a company's shares outstanding by the current market price of one share. This metric gives investors an idea of the company's size.

Shares outstanding refer to all the shares of a corporation's stock that have been authorized, issued, and purchased by investors. They include shares held by the public, as well as shares held by insiders such as company officers and employees.

Global companies, also referred to as multinational corporations (MNCs), conduct business in many countries and establish a presence in different parts of the world. They typically have a centralized head office where global management strategies are crafted while delegating considerable autonomy to international subsidiaries.

A publicly traded company is a company that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in the over the counter market. These companies are subject to regulations and must disclose detailed financial and operational information to investors.

Revenue, also known as sales, refers to the total amount of income generated by the sale of goods and services related to a company's primary operations. Revenue is the top line on an income statement from which costs are subtracted to determine net income.

Net income is a key profitability measure and refers to the amount by which revenues exceed expenses. Also known as net earnings or net profit, net income takes the gross income, subtracts all operating expenses, taxes, and costs of goods sold, and includes any additional income streams.
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