The 50 Most Valuable Companies in the World in 2023

The 50 Most Valuable Companies in the World in 2023

By Matt Dallisson, 21/09/2023

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.

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.

This content was originally published here.