China’s third company on this list is Kweichow Moutai, a partially state-owned producer of alcoholic beverages. Earlier this year, LVMH CEO Bernard Arnault was officially the richest person in the world with a fortune of $215 billion.įinally, from the Chinese side are two globally-recognized names in Tencent and Alibaba. The latter two are major players in the healthcare industry.įrance’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. The following chart shows each country’s tally.Īfter the U.S., the three most represented countries are Switzerland, France, and China, with three companies apiece.įrom Switzerland are companies such as Nestlé, Roche, and Novartis. Geographical BreakdownĪt a geographical level, the majority of the 50 most valuable companies are American. The next biggest sectors are Consumer Discretionary ($4.0 trillion) and Health Care ($3.3 trillion). Often these trend lines will be upward or downward sloping indicating bullish or. Generally, most traders will follow the upper and lower trendlines that form a security’s price channel. There should be at minimum three waves in a wedge. The initial point of the wedge pattern has to be thin, while the ending point is thick. Make two trend lines that intersect the waves swing high and low points. The partial decline precedes an upward breakout on the support line. At a sector level, Information Technology is the most represented in the top 50, with $9.3 trillion in combined market cap. Wedge technical analysis can be advantageous because it can provide some forward-looking insight on the price movement of a security. Breakout upward and opposite the direction of the preceding trend. In 2022, Meta lost significant value as its earnings fell, while Tesla suffered from demand concerns.Īltogether, the 50 most valuable companies represent over $26.5 trillion in shareholder value. 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. Data and HighlightsĪll of the data we used to create this graphic is included in the table below.įrom 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. Most importantly, it does not include debt or cash in the calculation. 16, 2023.Įditor’s note: While market capitalization is a simple way to compare publicly-traded companies, it does have some limitations. 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. It is easily calculated by multiplying the company’s outstanding shares by its current share price. Market capitalization, or market cap, is one measure of a company’s value as determined by the stock market. The 50 Most Valuable Companies in the World
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