As of March 8, 2024, VANGUARD US TOTAL MARKET SHARES INDEX ETF is the most valuable company in Australia, with a market cap of $380 billion. Following it are the BHP GROUP LIMITED ($148 billion) and COMMONWEALTH BANK OF AUSTRALIA ($130 billion). Australia’s top five most valuable companies include some of the world’s most renowned brands: CSL LIMITED (No. 4, $89.64 billion) and NATIONAL AUSTRALIA BANK LIMITED (No. 5, $69.44 billion).
Overall, among Australia’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by WESTPAC BANKING CORPORATION, ANZ GROUP HOLDINGS LIMITED, FORTESCUE LTD, WESFARMERS LIMITED, and MACQUARIE GROUP LIMITED.
Which one is the most valuable in Australia by market cap? This list comprises the biggest companies currently in Australia by market cap in 2024:
Australia’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO | |
|---|---|---|---|---|
| 1 | VANGUARD US TOTAL MARKET SHARES INDEX ETF | $380 billion | Mortimer (Tim) Buckley | |
| 2 | BHP GROUP LIMITED | $148 billion | Mike P. Henry | |
| 3 | COMMONWEALTH BANK OF AUSTRALIA | $130 billion | Matt Comyn | |
| 4 | CSL LIMITED | $89.64 billion | Paul McKenzie | |
| 5 | NATIONAL AUSTRALIA BANK LIMITED | $69.44 billion | Ross McEwan | |
| 6 | WESTPAC BANKING CORPORATION | $61.56 billion | Peter King | |
| 7 | ANZ GROUP HOLDINGS LIMITED | $57.29 billion | Shayne Elliott | |
| 8 | FORTESCUE LTD | $52.06 billion | Dino Otranto | |
| 9 | WESFARMERS LIMITED | $48.88 billion | Rob Scott | |
| 10 | MACQUARIE GROUP LIMITED | $46.4 billion | Shemara Wikramanayake | |
| 11 | GOODMAN GROUP | $38.79 billion | Gregory Goodman | |
| 12 | WOODSIDE ENERGY GROUP LTD | $38.09 billion | Meg O'Neill | |
| 13 | TELSTRA GROUP LIMITED | $28.83 billion | Vicki Brady | |
| 14 | TRANSURBAN GROUP | $27.46 billion | Michelle Jablko | |
| 15 | WOOLWORTHS GROUP LIMITED | $25.92 billion | Bradford Banducci | |
| 16 | WISETECH GLOBAL LIMITED | $20.26 billion | Richard White | |
| 17 | ARISTOCRAT LEISURE LIMITED | $19.38 billion | Trevor Croker | |
| 18 | JAMES HARDIE INDUSTRIES PLC | $17.58 billion | Harold Wiens | |
| 19 | QBE INSURANCE GROUP LIMITED | $16.59 billion | Andrew Horton | |
| 20 | REA GROUP LIMITED | $16.01 billion | Owen Wilson | |
| 21 | SANTOS LIMITED | $15.29 billion | Kevin Gallagher | |
| 22 | COCHLEAR LIMITED | $14.53 billion | Dig Howitt | |
| 23 | COLES GROUP LIMITED | $14.32 billion | Leah Weckert | |
| 24 | BRAMBLES LIMITED | $14 billion | Leah Weckert | |
| 25 | XERO LIMITED | $13.29 billion | Sukhinder Singh Cassidy | |
| 26 | PILBARA MINERALS LIMITED | $8.09 billion | Dale Henderson | |
| 27 | THE LOTTERY CORPORATION LIMITED | $7.43 billion | Sue van der Merwe | |
| 28 | STOCKLAND | $7.15 billion | Tarun Gupta | |
| 29 | MEDIBANK PRIVATE LIMITED | $6.88 billion | David Koczkar | |
| 30 | PRO MEDICUS LIMITED | $6.83 billion | Sam Aaron Hupert |
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