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CEOWORLD magazine - Latest - Banking and Finance - Germany’s Largest Companies by market capitalization, 2024

Banking and Finance

Germany’s Largest Companies by market capitalization, 2024

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As of February 4, 2025, SAP SE is the most valuable company in Germany, with a market cap of $316 billion. Following it are Deutsche Telekom ($164 billion) and Siemens AG ($163 billion).

Which one is the most valuable in Germany by market cap? This list comprises the biggest companies currently in Germany by market cap in 2024:

Germany's Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1SAP SE$316 billion
2DEUTSCHE TELEKOM AG$164 billion
3SIEMENS AG$163 billion
4ALLIANZ SE$124 billion
5MUNICH RE$70.54 billion
6MERCK KGAA$64.79 billion
7SIEMENS HEALTHINEERS AG$62.4 billion
8MERCEDES-BENZ GROUP AG$56.14 billion
9PORSCHE AG$55.9 billion
10VOLKSWAGEN AG$49.66 billion
11BMW AG$49.42 billion
12ADIDAS AG$46.7 billion
13DEUTSCHE BÖRSE AG$45.39 billion
14SIEMENS ENERGY AG$45.23 billion
15INFINEON TECHNOLOGIES AG$41.89 billion
16BASF SE$41.28 billion
17DHL GROUP$40.76 billion
18DEUTSCHE BANK AG$36.79 billion
19RHEINMETALL AG$34.22 billion
20HENKEL AG & CO. KGAA$33.79 billion
21DAIMLER TRUCK HOLDING AG$33.41 billion
22HANNOVER RE$31.63 billion
23EON SE$30.76 billion
24BEIERSDORF$29.81 billion
25HEIDELBERG MATERIALS AG$24.93 billion
26VONOVIA SE$24.91 billion
27HAPAG-LLOYD AG$24.57 billion
28COMMERZBANK AG$22.55 billion
29RWE AG$22.54 billion
30FRESENIUS SE & CO. KGAA$21.6 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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CEOWORLD magazine - Latest - Banking and Finance - Germany’s Largest Companies by market capitalization, 2024
Lila Jones
Senior News Editor at CEOWORLD Magazine. I'm a veteran correspondent for the CEOWORLD Magazine. During my career, I've been based in New York, Washington, DC, Brussels and London. Over the years I've written about everything from the debt crisis to Brexit and the rise of populism in Europe. I did a stint in London as the CEOWORLD Magazine's Europe News Editor and Deputy World News Editor. In my current post I try to capture life in a changing banking to finance landscape.