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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 December 23, 2024, GAZPROM is the most valuable company in Russia, with a market cap of $45.19 billion. Following it are ROSNEFT OIL ($32.2 billion) and SBERBANK OF RUSSIA ($28.89 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$45.19 billion
2ROSNEFT OIL$32.2 billion
3SBERBANK OF RUSSIA$28.89 billion
4PAO NOVATEK$28.69 billion
5LUKOIL$26.14 billion
6NORNICKEL ADR$24.67 billion
7GAZPROM$17.77 billion
8PHOSAGRO$9.91 billion
9SURGUTNEFTEGAS$8.96 billion
10TATNEFT$8.84 billion
11TRANSNEFT$8.65 billion
12POLYUS$7.66 billion
13SEVERSTAL$6.64 billion
14ACRON$6.44 billion
15VSMPO-AVISMA CORPORATION$6.35 billion
16IRKUT CORPORATION$6.06 billion
17UNITED AIRCRAFT CORPORATION$6.04 billion
18TCS GROUP HOLDING PLC$4.97 billion
19VTB BANK$4.88 billion
20PIK-SPECIALIZED HOMEBUILDER$4.82 billion
21ALROSA$4.65 billion
22MOBILE TELESYSTEMS$4.47 billion
23MEGAFON$4.38 billion
24FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO$3.42 billion
25MAGNITOGORSK IRON & STEEL WORKS$3.4 billion
26MAGNIT$2.91 billion
27SOVCOMBANK$2.5 billion
28INTER RAO UES$2.31 billion
29ROSTELECOM$2.15 billion
30RASPADSKAYA$1.91 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.