50 Most Valuable Companies in the World in 2023: A Comprehensive Analysis

The 50 Most Valuable Companies in the World

One way the stock market assesses a company’s value is by market capitalization, often known as market cap. It is simple to figure out simply dividing the number of outstanding shares of the corporation by its current share price.

Using data as of August 16, 2023, we display a treemap chart in this image that shows the top 50 publicly listed corporations in the world by market valuation.

^{_{Editor’s note: Market capitalization has certain drawbacks while being an easy approach to compare publicly listed firms. Most crucially, neither cash nor debt are factored into the equation.}}

Data and Highlights

The table that follows contains all of the information that we utilized to make this picture.

Company	Sector	Country	Market Cap (USD Billons)
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

This information reveals that just a small number of businesses are worth a trillion dollars worldwide, including Apple, Microsoft, Saudi Aramco, Amazon, Alphabet, and Nvidia.

Tesla and Meta are two past members of the trillion dollar club, but their market capitalizations are presently in the $700 billion to $800 billion area. As its earnings decreased in 2022, Meta saw severe value loss, while Tesla experienced problems with demand.

The combined shareholder value of the top 50 firms is nearly $26.5 trillion. With a total market valuation of $9.3 trillion, the top 50 sectors are most heavily represented by the information technology industry. Health Care ($3.3 trillion) and Consumer Discretionary ($4.0 trillion) are the next two largest industries.

Geographical Breakdown

Geographically speaking, the bulk of the top 50 corporations are American. The totals for each nation are shown in the chart below.

With three firms each, Switzerland, France, and China are the three nations with the second-highest representation after the United States.

Companies like Nestlé, Roche, and Novartis are Swiss-based. The latter two are important participants in the healthcare sector.

The top 50 firms on the list are all from France, and they are all in the Consumer Discretionary industry. These companies include the fashion behemoths LVMH and Hermès as well as L’Oréal, a world leader in cosmetics. With a net worth of $215 billion earlier this year, LVMH CEO Bernard Arnault was recognized as the world’s richest person.

Tencent and Alibaba are the last two internationally renowned brands to come from the Chinese side. Kweichow Moutai, a producer of alcoholic drinks that is largely state-owned, is the third firm on this list from China.