As of March 10, 2024, GAZPROM is the most valuable company in Russia, with a market cap of $51.42 billion. Following it are ROSNEFT OIL ($36.64 billion) and SBERBANK OF RUSSIA ($32.88 billion). Russia’s top five most valuable companies include some of the world’s most renowned brands: PAO NOVATEK (No. 4, $32.65 billion) and LUKOIL (No. 5, $29.74 billion).
Overall, among Russia’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by MINING AND METALLURGICAL COMPANY NORILSK NICKEL, GAZPROM NEFT, PHOSAGRO, SURGUTNEFTEGAS, and TATNEFT.
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
| RANK | COMPANY | MARKET CAPTIAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | GAZPROM | $51.42 billion | Alexey Miller |
| 2 | ROSNEFT OIL | $36.64 billion | Igor Sechin |
| 3 | SBERBANK OF RUSSIA | $32.88 billion | Herman Gref |
| 4 | PAO NOVATEK | $32.65 billion | Leonid Michelson |
| 5 | LUKOIL | $29.74 billion | Vagit Alekperov |
| 6 | MINING AND METALLURGICAL COMPANY NORILSK NICKEL | $28.07 billion | Vladimir Olegovich Potanin |
| 7 | GAZPROM NEFT | $20.22 billion | Aleksandr Dyukov |
| 8 | PHOSAGRO | $11.28 billion | Andrey Guryev, Jr |
| 9 | SURGUTNEFTEGAS | $10.2 billion | Vladimir Bogdanov |
| 10 | TATNEFT | $10.05 billion | Nail Maganov |
| 11 | POLYUS | $8.71 billion | Alexey Vostokov |
| 12 | SEVERSTAL | $7.56 billion | Aleksandr Shevelev |
| 13 | ACRON | $7.4 billion | Vladimir Kunitsky |
| 14 | VSMPO-AVISMA CORPORATION | $7.23 billion | Nikolay Melnikov |
| 15 | PIK-SPECIALIZED HOMEBUILDER | $5.49 billion | Ivan Polandov |
| 16 | ALROSA | $5.29 billion | Pavel Alekseevich Marinychev |
| 17 | MOBILE TELESYSTEMS | $5.09 billion | Vyacheslav Nikolaev |
| 18 | MAGNIT | $4.78 billion | Teresa Carroll |
| 19 | MEGAFON | $4.38 billion | Khachatur Pombukhchan |
| 20 | FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO | $3.89 billion | Viktor Khmarin |
| 21 | MAGNITOGORSK IRON & STEEL WORKS | $3.87 billion | Pavel Shilyaev |
| 22 | VTB BANK | $3.74 billion | Andrey Kostin |
| 23 | IRKUT CORPORATION | $3.73 billion | Andrey Boginskiy |
| 24 | UNITED AIRCRAFT CORPORATION | $3.64 billion | Yury Slyusar |
| 25 | INTER RAO UES | $2.75 billion | Boris Kovalchuk |
| 26 | MOSCOW CITY TELEPHONE NETWORK | $1.29 billion | Albert Timurovich Gilmanov |
| 27 | CHERKIZOVO GROUP | $1.23 billion | Sergey Mikhailov |
| 28 | AEROFLOT | $1.19 billion | Sergei Alexandrovsky |
| 29 | NOVOROSSIYSK COMMERCIAL SEA PORT | $1.13 billion | Sergey Georgievich Kireev |
| 30 | PHARMACY CHAIN 36.6 | $1.04 billion | Alexander Kuzin |
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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