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

Banking and Finance

Russia’s Largest Companies by market capitalization, 2024

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As of November 18, 2024, GAZPROM is the most valuable company in Russia, with a market cap of $46.86 billion. Following it are ROSNEFT OIL ($33.4 billion) and SBERBANK OF RUSSIA ($29.96 billion).

Which one is the most valuable in Russia by market cap?

This list comprises the biggest companies currently in Russia by market cap in 2024:

Russia's Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPTIAL (USD DOLLAR)
1GAZPROM$46.86 billion
2ROSNEFT OIL$33.4 billion
3SBERBANK OF RUSSIA$29.96 billion
4PAO NOVATEK$29.76 billion
5LUKOIL$27.1 billion
6NORNICKEL ADR$25.58 billion
7GAZPROM$18.43 billion
8PHOSAGRO$10.28 billion
9SURGUTNEFTEGAS$9.3 billion
10TATNEFT$9.16 billion
11TRANSNEFT$8.97 billion
12POLYUS$7.94 billion
13SEVERSTAL$6.89 billion
14ACRON$6.71 billion
15VSMPO-AVISMA CORPORATION$6.59 billion
16IRKUT CORPORATION$6.29 billion
17UNITED AIRCRAFT CORPORATION$6.26 billion
18VTB BANK$5.06 billion
19PIK-SPECIALIZED HOMEBUILDER$5 billion
20ALROSA$4.83 billion
21MOBILE TELESYSTEMS$4.64 billion
22MEGAFON$4.38 billion
23TCS GROUP HOLDING PLC$4 billion
24FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO$3.54 billion
25MAGNITOGORSK IRON & STEEL WORKS$3.52 billion
26MAGNIT$3.01 billion
27SOVCOMBANK$2.5 billion
28INTER RAO UES$2.4 billion
29ROSTELECOM$2.23 billion
30RASPADSKAYA$1.98 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 - Russia’s Largest Companies by market capitalization, 2024
Frank Brown
Senior Writer at CEOWORLD Magazine. I am an experienced business journalist and commentator, currently senior business writer and consulting editor for the Executive Council of CEOWORLD Magazine. I have held a number of senior leadership and strategic roles at the CEOWORLD Magazine, heading teams in London and New York, and have spearheaded important editorial projects and events.