Price Waterhous Coopers (PwC)
SAP is the most valuable German company
According to a study by auditors PwC, the software company SAP is the most valuable company in Germany. With a market capitalization of just under 104 billion euros, the Walldorf-based company is in first place ahead of Siemens (94 billion euros).
Volkswagen and Allianz Insurance follow in third and fourth place. The pharmaceutical company Bayer, which topped the list in 2014, now occupies fifth place with 80.5 billion euros. According to the study, the hundred most valuable German companies have increased their value by a total of 33% since 2014.
However, the German leader SAP was unable to secure a place in the European top 10. Here, the British-Dutch oil company Shell is in first place with a market capitalization of 213 billion euros, followed by the Swiss companies Nestlé and Novartis. SAP fell just short of the top 10 in the European stock market value comparison (12th place). However, the company from Baden-Württemberg has moved up a whole 14 places since 2014. In the global ranking, however, it lags far behind the top group in 63rd place.
In a global comparison, no European company can really keep up. The international top 10 consists exclusively of companies from the USA and China. Three US tech giants top the list: With 703 billion euros, Apple is the undisputed leader ahead of Google parent Alphabet and Microsoft. From China, the internet companies Tencent and Alibaba are in 5th and 8th place.
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