The 50 Most Valuable Companies in the World
Market capitalization, or market cap, is one measure of a company’s value as determined by the stock market. It is easily calculated by multiplying the company’s outstanding shares by its current share price.
In this graphic, we present a treemap chart that visualizes the world’s top 50 publicly-traded companies by market cap, using data as of Aug. 16, 2023.
Editor’s note: While market capitalization is a simple way to compare publicly-traded companies, it does have some limitations. Most importantly, it does not include debt or cash in the calculation.
Data and Highlights
All of the data we used to create this graphic is included in the table below.
| Company | Sector | Country | Market Cap (USD billions) |
|---|---|---|---|
| Apple | Information Technology | 🇺🇸 US | $2,777 |
| Microsoft | Information Technology | 🇺🇸 US | $2,382 |
| Saudi Aramco | Energy | 🇸🇦 Saudi Arabia | $2,222 |
| Alphabet | Communication Services | 🇺🇸 US | $1,636 |
| Amazon | Consumer Discretionary | 🇺🇸 US | $1,385 |
| NVIDIA | Information Technology | 🇺🇸 US | $1,074 |
| Berkshire Hathaway | Financials | 🇺🇸 US | $774 |
| Meta Platforms | Communication Services | 🇺🇸 US | $754 |
| Tesla | Consumer Discretionary | 🇺🇸 US | $715 |
| Eli Lilly | Health Care | 🇺🇸 US | $519 |
| Visa | Information Technology | 🇺🇸 US | $501 |
| TSMC | Information Technology | 🇹🇼 Taiwan | $476 |
| UnitedHealth | Health Care | 🇺🇸 US | $469 |
| Johnson & Johnson | Health Care | 🇺🇸 US | $448 |
| LVMH | Consumer Discretionary | 🇫🇷 France | $442 |
| JPMorgan Chase | Financials | 🇺🇸 US | $436 |
| Exxon Mobil | Energy | 🇺🇸 US | $430 |
| Walmart | Consumer Staples | 🇺🇸 US | $429 |
| Novo Nordisk | Health Care | 🇩🇰 Denmark | $418 |
| Tencent | Communication Services | 🇨🇳 China | $389 |
| Mastercard | Information Technology | 🇺🇸 US | $374 |
| Procter & Gamble | Consumer Staples | 🇺🇸 US | $361 |
| Broadcom | Information Technology | 🇺🇸 US | $344 |
| Samsung | Information Technology | 🇰🇷 South Korea | $341 |
| Home Depot | Consumer Discretionary | 🇺🇸 US | $335 |
| Kweichow Moutai | Consumer Staples | 🇨🇳 China | $319 |
| Nestlé | Consumer Staples | 🇨🇭 Switzerland | $319 |
| Oracle | Information Technology | 🇺🇸 US | $313 |
| Chevron | Energy | 🇺🇸 US | $297 |
| Merck | Health Care | 🇺🇸 US | $276 |
| AbbVie | Health Care | 🇺🇸 US | $267 |
| Coca-Cola | Consumer Staples | 🇺🇸 US | $262 |
| ASML | Information Technology | 🇳🇱 Netherlands | $258 |
| Pepsico | Consumer Staples | 🇺🇸 US | $249 |
| Costco | Consumer Staples | 🇺🇸 US | $248 |
| L’Oréal | Consumer Discretionary | 🇫🇷 France | $244 |
| Roche | Health Care | 🇨🇭 Switzerland | $241 |
| International Holding Company | Financials | 🇦🇪 UAE | $240 |
| Adobe | Information Technology | 🇺🇸 US | $235 |
| Bank of America | Financials | 🇺🇸 US | $233 |
| Alibaba | Consumer Discretionary | 🇨🇳 China | $228 |
| Hermès | Consumer Discretionary | 🇫🇷 France | $227 |
| Toyota | Consumer Discretionary | 🇯🇵 Japan | $220 |
| Novartis | Health Care | 🇨🇭 Switzerland | $216 |
| AstraZeneca | Health Care | 🇬🇧 UK | $216 |
| Cisco | Information Technology | 🇺🇸 US | $216 |
| Reliance Industries | Energy | 🇮🇳 India | $213 |
| McDonald | Consumer Discretionary | 🇺🇸 US | $208 |
| Thermo Fisher Scientific | Health Care | 🇺🇸 US | $204 |
| Shell | Energy | 🇬🇧 UK | $204 |
From this data, we can see that there are only a handful of trillion dollar companies in the world, including Apple, Microsoft, Saudi Aramco, Amazon, Alphabet, and Nvidia.
Two former members of the trillion dollar club are Meta and Tesla, but both companies currently hover around the $700 billion range in terms of market capitalization. In 2022, Meta lost significant value as its earnings fell, while Tesla suffered from demand concerns.
Altogether, the 50 most valuable companies represent over $26.5 trillion in shareholder value. At a sector level, Information Technology is the most represented in the top 50, with $9.3 trillion in combined market cap. The next biggest sectors are Consumer Discretionary ($4.0 trillion) and Health Care ($3.3 trillion).
Geographical Breakdown
At a geographical level, the majority of the 50 most valuable companies are American. The following chart shows each country’s tally.
After the U.S., the three most represented countries are Switzerland, France, and China, with three companies apiece.
From Switzerland are companies such as Nestlé, Roche, and Novartis. The latter two are major players in the healthcare industry.
France’s companies in the top 50 list all belong to the Consumer Discretionary sector, and include fashion giants LVMH and Hermès, as well as L’Oréal, a global leader in cosmetics. Earlier this year, LVMH CEO Bernard Arnault was officially the richest person in the world with a fortune of $215 billion.
Finally, from the Chinese side are two globally-recognized names in Tencent and Alibaba. China’s third company on this list is Kweichow Moutai, a partially state-owned producer of alcoholic beverages.
