As of March 10, 2024, NAFTNA INDUSTRIJA SRBIJE is the most valuable company in Serbia, with a market cap of $1.24 billion. Following it are NLB KOMERCIJALNA BANKA ($777 million) and AERODROM NIKOLA TESLA ($588 million). Serbia’s top five most valuable companies include some of the world’s most renowned brands: PHILIP MORRIS OPERATIONS (No. 4, $426 million) and MESSER TEHNOGAS (No. 5, $229 million).
Overall, among Serbia’s largest companies by market capitalization, the sixth, seventh, eighth, and ninth positions are held by TRAYAL KORPORACIJA, FINTEL ENERGIJA, KOMPANIJA DUNAV OSIGURANJE, and IMPOL SEVAL VALJAONICA ALUMINIJUMA.
Which one is the most valuable in Serbia by market cap?
This list comprises the biggest companies currently in Serbia by market cap in 2024:
Serbia’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPTIAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | NAFTNA INDUSTRIJA SRBIJE A.D. | $1.24 billion | Kirill Tyurdenev |
| 2 | NLB KOMERCIJALNA BANKA A.D. | $0.777 billion | Vlastimir Vuković |
| 3 | AERODROM NIKOLA TESLA A.D. | $0.588 billion | François Berisot |
| 4 | PHILIP MORRIS OPERATIONS A.D. NIS | $0.426 billion | Aleksandar Jakovljevic |
| 5 | MESSER TEHNOGAS AD | $0.229 billion | Dorde Savic |
| 6 | TRAYAL KORPORACIJA A.D. | $0.205 billion | Miloš Nenezic |
| 7 | FINTEL ENERGIJA A.D. | $0.163 billion | Tiziano Giovannetti |
| 8 | KOMPANIJA DUNAV OSIGURANJE A.D.O. | $0.144 billion | Zorana Pejcic |
| 9 | IMPOL SEVAL VALJAONICA ALUMINIJUMA A.D. | $0.048 billion | Ninko Tešic |
| 10 | ENERGOPROJEKT HOLDING A.D. | $0.031 billion | Stojan Čolakov |
| 11 | DUNAV RE A.D.O | $0.030 billion | Zorana Pejcic |
| 12 | METALAC A.D., GORNJI MILANOVAC | $0.028 billion | Radmila Trifunović |
| 13 | PUTEVI A.D | $0.022 billion | Vasilije Micic |
| 14 | SOJA PROTEIN A.D. BECEJ | $0.021 billion | Marko Abramovic |
| 15 | KOPAONIK A.D. | $0.020 billion | Rade Doder |
| 16 | IKARBUS A.D. | $0.016 billion | Aleksandar Vicentic |
| 17 | MPP JEDINSTVO A.D. | $0.016 billion | Mica Micic |
| 18 | ZITOPEK A.D. | $0.014 billion | Milan Todorovic |
| 19 | PD OMOLJICA AD U RESTRUKTURIRANJU | $0.012 billion | Dejan Tomaševic |
| 20 | LASTA A.D. | $0.011 billion | Vladan Sekulic |
| 21 | GOSA FOM A.D. | $0.009 billion | Srdan Dimitrijevic |
| 22 | AMS OSIGURANJE A.D. | $0.006 billion | Dejan Jevtic |
| 23 | JUGOPREVOZ KRUSEVAC A.D. , KRUSEVAC | $0.006 billion | Zoran Misic |
| 24 | UTVA SILOSI A.D. | $0.006 billion | Vesna Jovanovic |
| 25 | INFORMATIKA A.D | $0.005 billion | Slavoljub Kacarevic |
| 26 | ZLATARPLAST A.D. | $0.002 billion | Mico Zoric |
| 27 | TIGAR A.D. | $0.001 billion | Zoran Mancic |
| 28 | SLOGA A.D. | $0.001 billion | Miljenovic Dragan |
| 29 | GP PLANUM AD | $0.001 billion | Ratomir Todorovic |
| 30 | RUDO A.D. | $0.001 billion | Mirjana Agbaba |
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