As of March 5, 2024, PETROBRAS is the most valuable company in Brazil, with a market cap of $107 billion. Following it are ITAÚ UNIBANCO HOLDING ($62.69 billion) and VALE S.A. ($58.08 billion). Brazil’s top five most valuable companies include some of the world’s most renowned brands: AMBEV S.A. (No. 4, $39.57 billion) and BANCO BTG PACTUAL S.A. (No. 5, $38.03 billion).
Overall, among Brazil’s largest companies by market capitalization, the sixth, seventh, eighth, and ninth positions are held by BANCO DO BRASIL S.A., WEG S.A., BANCO BRADESCO S.A., ITAÚSA S.A.
Which one is the most valuable in Brazil by market cap?
This list comprises the biggest companies currently in Brazil by market cap in 2024:
Brazil’s Largest Companies by market capitalization, 2024
| Rank | Company | Market Cap (US$) | CEO |
|---|---|---|---|
| 1 | PETROBRAS | $107billion | Jean Paul Prates |
| 2 | ITAÚ UNIBANCO HOLDING S.A. | $62.69billion | Milton Maluhy Filho |
| 3 | VALE S.A. | $58.08billion | Eduardo Bartolomeo |
| 4 | AMBEV S.A. | $39.57billion | Jean Jereissati |
| 5 | BANCO BTG PACTUAL S.A. | $38.03billion | Roberto Sallouti |
| 6 | BANCO DO BRASIL S.A. | $33.39billion | Tarciana Medeiros |
| 7 | WEG S.A. | $31.6billion | Harry Schmelzer Jr |
| 8 | BANCO BRADESCO S.A. | $28.16billion | Octavio de Lazari |
| 9 | ITAÚSA S.A. | $21.52billion | Alfredo Egydio Arruda Villela Filho |
| 10 | BANCO SANTANDER (BRASIL) S.A. | $21.4billion | Mario Roberto Opice Leão |
| 11 | CENTRAIS ELETRICAS BRASILEIRAS S.A. | $20.16billion | Wilson Ferreira Júnior |
| 12 | TELEFÔNICA BRASIL S.A. | $18.02billion | Christian Gebara |
| 13 | SUZANO S.A. | $14.97billion | Walter Schalka |
| 14 | B3 S.A. - BRASIL, BOLSA, BALCÃO | $14.08billion | Gilson Finkelsztain |
| 15 | BB SEGURIDADE PARTICIPAÇÕES S.A. | $13.14billion | Marcio Hamilton Ferreira |
| 16 | FUNDO DE INVESTIMENTO NAS CADEIAS PRODUTIVAS AGROINDUSTRIAIS RIZA AGRO - FIAGRO - IMOBILIARIO | $12.2billion | DANIEL LEMOS |
| 17 | REDE D'OR SÃO LUIZ S.A. | $11.58billion | Paulo Moll |
| 18 | LOCALIZA RENT A CAR S.A. | $11.19billion | Bruno Sebastian Lasansky |
| 19 | COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP | $11billion | Andre Gustavo Salcedo Teixeira Mendes |
| 20 | JBS S.A. | $10.08billion | Jose Batista |
| 21 | RAIA DROGASIL S.A. | $9.24billion | Marcílio Pousada |
| 22 | TIM S.A. | $9billion | Alberto Griselli |
| 23 | CAIXA SEGURIDADE PARTICIPAÇÕES S.A. | $8.76billion | João Eduardo de Assis Pacheco Dacache |
| 24 | RUMO S.A. | $8.34billion | Joao Alberto Fernandez de Abreu |
| 25 | CPFL ENERGIA S.A. | $8.24billion | Gustavo Estrella |
| 26 | NEOENERGIA S.A. | $5.21billion | Eduardo Capelastegui Saiz |
| 27 | BRF S.A. | $5.04billion | Lorival Nogueira Luz Jr |
| 28 | KLABIN S.A. | $4.99billion | Fabio Schvartsman |
| 29 | ATACADÃO S.A. | $4.97billion | Marco Aparecido de Oliveira |
| 30 | NATURA &CO HOLDING S.A. | $4.63billion | Roberto Marques |
| 31 | COMPANHIA SIDERÚRGICA NACIONAL S.A. | $4.57billion | Benjamin Steinbruch |
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