Down 7 Notches from 2021
Samsung Electronics ranked 22nd among companies listed on stock markets around the world in terms of market capitalization. The company's ranking fell by seven notches from a year ago as its stock price failed to rebound.
Global accounting company PricewaterhouseCoopers (PwC) recently released the list of the global top 100 companies by market capitalization, using data from Bloomberg.
Samsung Electronics is the only Korean company to be included in the list of the top 100 companies. Its market cap stood at US$342 billion (about 437.7 trillion won), down by US$89 billion or 21 percent from US$431 billion at the end of March 2021.
Samsung Electronics was one of the 10 companies which suffered the largest drop in market cap in one year. The list included PayPal (a drop of 53 percent), Alibaba (52 percent), Tencent (39 percent), and Netflix (28 percent).
Samsung's share price has remained weak since the beginning of the year amid concerns about global inflation and monetary tightening and the Russia-Ukraine conflict.
Among the top 100, 63 companies are from the U.S., 11 from China and four from the U.K.
Apple took the top spot with a market capitalization of US$2.85 trillion. It was followed by Microsoft (2nd), Saudi Aramco (3rd), Alphabet (4th), Amazon (5th), Tesla (6th), Berkshire Hathaway (7th), Nvidia (8th) and Meta (9th). Taiwan’s TSMC nabbed 10th place with a market capitalization of US$541 billion (about 692.48 trillion won). It moved up by one notch from 11th place in 2021.
Meanwhile, despite the volatility of the global economy, the total market cap of the 100 largest companies stood at US$35.3 trillion this year, up 11 percent from US$31.8 trillion in March 2021.