As of December 31, 2024, NOVO NORDISK A/S is the most valuable company in Europe, with a market cap of $384 billion. Following it are LVMH ($326 billion) and SAP SE ($285 billion).
Which one is the most valuable in Europe by market cap? This list comprises the biggest companies currently in Europe by market cap in 2024:
Europe's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | NOVO NORDISK A/S | $384 billion |
| 2 | LVMH | $326 billion |
| 3 | SAP SE | $285 billion |
| 4 | ASML HOLDING N.V. | $274 billion |
| 5 | HERMÈS INTERNATIONAL | $250 billion |
| 6 | ROCHE HOLDING AG | $226 billion |
| 7 | NESTLÉ S.A. | $212 billion |
| 8 | ASTRAZENECA PLC | $202 billion |
| 9 | NOVARTIS AG | $196 billion |
| 10 | SHELL PLC | $190 billion |
| 11 | L'ORÉAL | $187 billion |
| 12 | HSBC HOLDINGS PLC | $173 billion |
| 13 | INDITEX | $160 billion |
| 14 | SIEMENS AG | $154 billion |
| 15 | DEUTSCHE TELEKOM AG | $147 billion |
| 16 | UNILEVER PLC | $140 billion |
| 17 | SCHNEIDER ELECTRIC SE | $139 billion |
| 18 | AIRBUS SE | $127 billion |
| 19 | TOTALENERGIES SE | $124 billion |
| 20 | SANOFI | $121 billion |
| 21 | ALLIANZ SE | $118 billion |
| 22 | CHRISTIAN DIOR SE | $112 billion |
| 23 | ESSILORLUXOTTICA | $110 billion |
| 24 | RIO TINTO PLC | $100 billion |
| 25 | ABB LTD | $99.52 billion |
| 26 | ANHEUSER-BUSCH INBEV SA/NV | $98.25 billion |
| 27 | UBS GROUP AG | $97.4 billion |
| 28 | PROSUS N.V. | $93.89 billion |
| 29 | AIR LIQUIDE | $92.47 billion |
| 30 | SAFRAN | $91.77 billion |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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