Tuesday, May 22, 2018
Samsung Electronics’ Market Cap Increases but Drops in the World Ranking
Market Cap Global Ranking
Samsung Electronics’ Market Cap Increases but Drops in the World Ranking
  • By Michael Herh
  • February 13, 2018, 02:00
Share articles

Samsung Electronics' market cap ballooned over the past year, but its global market share slid by three notches to 18th place.
Samsung Electronics' market cap ballooned over the past year, but its global market share slid by three notches to 18th place.

 

Although Samsung Electronics' market cap ballooned over the past year, its global market cap ranking slid by three notches to 18th place. This means that some other companies’ market capitalization grew more than Samsung Electronics amid a global stock market boom.

According to the Korea Exchange on February 12, it was confirmed that the total market cap of the top 100 listed companies in the world stood at US$21.522 trillion as of February 2. It is said that the figure was up 27.5 percent year on year.

Chinese companies went up and entered the top ten. A year ago, the top ten companies were all US companies. But this time, three Chinese companies newly made the top ten.

Tencent (US$549.4 billion) rose from 14th place to 6th place as its market cap more than doubled over the past year. Alibaba (US$479.7 billion) jumped from 13th place to 8th place, while the Industrial and Commercial Bank of China (US$407.2 billion) 16th to ninth.

The rise of the Chinese companies relegated ExxonMobil from seventh place to 12th place, Johnson & Johnson from eighth place to 11th place and Wells Fargo from 10th place to 14th place.

The market cap of Samsung Electronics (US$283.1 billion) inflated 16.8% but dropped from 15th place to 18th place in the market cap standings. Other Korean rankers were SK Hynix (US$48.3 billion) which placed 289th while joining the top 300 club, followed by Celltrion (US$34.7 billion) at 442nd place and Hyundai Motor (US$32.9 billion) at 470th place.

It was Apple (US$814.4 billion) that topped the list, followed by second-ranked Google (US$ 774.9 billion) and third-placed Microsoft (US$767 million). These three companies have held the top three positions for three consecutive years.

By country, companies of a total of 18 nations made the top 100. The US came in first with 51 companies, followed by China (13), Germany (6), France (5), the United Kingdom (4), Switzerland (3) and Australia (3).

The Netherlands, Japan, Canada and Spain had two companies in the top 100, respectively. Countries with one company on the list were Korea, Taiwan, Belgium, Denmark, South Africa, Ireland and Brazil.