As of March 8, 2024, LVMH Moët Hennessy is the most valuable company in France, with a market cap of $453 billion. Following it are Hermès ($259 billion) and L’Oréal ($255 billion). France’s top five most valuable companies include some of the world’s most renowned brands: TotalEnergies (No. 4, $158 billion) and Christian Dior (No. 5, $156 billion). Overall, among the top 10 largest companies by market capitalization in France, the sixth, seventh, eighth, ninth, and tenth positions are held by Airbus, Schneider Electric, Sanofi, Air Liquide, and Essilorluxottica.
Which one is the most valuable in France by market cap? This list comprises the biggest companies currently in France by market cap in 2024:
France's Largest Companies by Market Cap, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | LVMH | $453 billion | Bernard Arnault |
| 2 | HERMES INTERNATIONAL | $259 billion | Axel Dumas |
| 3 | L'ORÉAL | $255 billion | Nicolas Hieronimus |
| 4 | TOTALENERGIES SE | $158 billion | Patrick Pouyanné |
| 5 | CHRISTIAN DIOR SE | $156 billion | Antoine Arnault |
| 6 | AIRBUS SE | $136 billion | Guillaume M.J.D Faury |
| 7 | SCHNEIDER ELECTRIC SE | $127 billion | Peter W. Herweck |
| 8 | SANOFI | $119 billion | Paul Hudson |
| 9 | AIR LIQUIDE | $109 billion | François Jackow |
| 10 | ESSILORLUXOTTICA | $99.38 billion | Francesco Milleri |
| 11 | SAFRAN | $89.58 billion | Olivier Andriès |
| 12 | AXA | $78.5 billion | Thomas Buberl |
| 13 | VINCI | $72.92 billion | Xavier Huillard |
| 14 | BNP PARIBAS | $71.58 billion | Jean-Laurent Bonnafé |
| 15 | DASSAULT SYSTÈMES SE | $60.38 billion | Bernard Charlès |
| 16 | KERING | $54.94 billion | François-Henri Pinault |
| 17 | E.D.F. | $51.55 billion | Luc Rémont |
| 18 | STMICROELECTRONICS N.V. | $42.15 billion | Jean-Marc Chery |
| 19 | PERNOD RICARD | $41.55 billion | Alexandre Ricard |
| 20 | CRÉDIT AGRICOLE S.A. | $41.41 billion | Philippe Brassac |
| 21 | CAPGEMINI SE | $41.37 billion | Aiman Ezzat |
| 22 | DANONE | $41.07 billion | Antoine de Saint-Affrique |
| 23 | ENGIE | $40.06 billion | Catherine MacGregor |
| 24 | SAINT-GOBAIN | $37.29 billion | Benoit Bazin |
| 25 | THALES | $33.12 billion | Patrice Caine |
| 26 | SODEXO | $12.14 billion | Sophie Bellon |
| 27 | CARREFOUR | $11.86 billion | Alexandre Bompard |
| 28 | EUROFINS SCIENTIFIC SE | $11.52 billion | Gilles G. Martin |
| 29 | RENAULT | $11.45 billion | Luca de Meo |
| 30 | VIVENDI SE | $11.39 billion | Arnaud de Puyfontaine |
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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