The list of the most expensive companies. Pharmaceutical giant Novo Nordisk is Europe’s most expensive company – thanks to the fat-away injection.
Ranking. Apple remains the undisputed number one with a market value of 3 trillion dollars (approx. 2.7 trillion euros), according to the current ranking by the management consultancy EY.
Microsoft pushes past the Saudi oil giant Saudi Aramco ($2.14 trillion) into second place with $2.78 trillion.
11 of the 12 most valuable companies come from the USA
The Saudi Arabian oil giant is the only one of the world’s twelve most valuable companies that does not come from the USA. With SAP and Siemens, two flagships of the German economy have made their way back into the “Top 100”. At the end of 2022, no company from Germany was represented there.
Fat removal injection as a recipe for success for the stock market value
Europa. The most valuable company in Europe is number 16 on the list. The Danish pharmaceutical company Novo Nordisk caused a sensation with the development of the weight loss injection “Wegovy” – the market value is 460 billion dollars.
Novo Nordisk displaces the French luxury group LVMH (Louis Vuitton, Moet Hennessy) from the top spot in Europe.
Artificial intelligence
“This year, the topic of AI in particular has captured the imagination of investors and thus the stock market prices,” says EY Germany boss Henrik Ahlers. It is now clear what economic potential and also what social changes AI brings with it. “Companies operating in this space have become investor darlings.” The graphics chip specialist Nvidia, for example, has more than tripled its market value this year. With $1.22 trillion, Americans jumped from 17th to sixth place in the rankings. The Facebook group Meta has almost tripled its market capitalization and worked its way up from 24th to seventh place with 920 billion dollars. Apple shares rose by 45 percent, Microsoft by 55 percent.
On average, the top 10 have gained almost a third in value
On average, the “top 10” on global stock exchanges have increased in value by 29 percent, and together they are now worth $36.5 trillion. Among them, investment guru Warren Buffett’s investment company Berkshire Hathaway is only one US company that does not come from the technology industry.
Almost two thirds of the 100 heaviest stock market stocks come from the USA, 19 come from Europe. Before the financial crisis in 2007 there were 46, seven of them from Germany alone. At that time, 32 of the 100 most valuable companies came from the USA, and at the end of 2023 there will be 63. EY manager Ahlers speaks of a “dramatic loss of importance of Europe” on the stock exchanges.
The most valuable German companies
Although the most valuable German companies do not make it into the “top 10” even in a European comparison, they are at least represented among the 100 most expensive stock market stocks. The Walldorf software group SAP moved up from 106th to 61st place with $181 billion – an increase of more than 50 percent. The Munich technology group Siemens is in 88th place with $148 billion (2022: 115.) Ahlers believes the AI boom is also an opportunity for companies from Europe. “Especially for a location like Germany, AI can provide positive growth impulses given the shortage of skilled workers and demographic change.” When it comes to AI, Germany doesn’t have to hide.
They also have a market capitalization of more than $100 billion Deutsche Telekom (120 billion, 116th place) and the Munich insurance giant Allianz (105 billion, 131st place). The car manufacturers Porsche AG (Platz 181), BMW (233) and Volkswagen (261) are at the bottom, the benchmark in the industry is the US rival Tesla, which is valued at $831 billion, more than ten times as high as Porsche.
The most valuable company from Switzerland remains the food company Nestle with 307 billion dollars and 26th place (2022: 23). Roche slips from 31st to 43rd place with $233 billion, Novartis is the only one of this trio to increase its stock market value, but falls back to 52nd place (47th) with $206 billion.
2023-12-29 23:24:13
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