Samsung Electronics is the only Korean company to be included in the list of the top 100 companies

Samsung Electronics ranked 22nd among companies listed on stock markets around the world in terms of market capitalisation. The company’s ranking fell by seven notches from a year ago as its stock price failed to rebound.

Global accounting company PricewaterhouseCoopers (PwC) recently released the list of the global top 100 companies by market capitalisation, using data from Bloomberg.

Samsung Electronics is the only Korean company to be included in the list of the top 100 companies. Its market cap stood at $342 billion, down by $89 billion or 21 per cent from $431 billion at the end of March 2021.

Samsung Electronics was one of the 10 companies which suffered the largest drop in market cap in one year. The list included PayPal (a drop of 53 per cent), Alibaba (52 per cent), Tencent (39 per cent), and Netflix (28 per cent).

Samsung’s share price has remained weak since the beginning of the year amid concerns about global inflation and monetary tightening and the Russia-Ukraine conflict.

Among the top 100, 63 companies are from the U.S., 11 from China and four from the U.K.

Apple took the top spot with a market capitalisation of $2.85 trillion. It was followed by Microsoft (2nd), Saudi Aramco (3rd), Alphabet (4th), Amazon (5th), Tesla (6th), Berkshire Hathaway (7th), Nvidia (8th) and Meta (9th). Taiwan’s TSMC nabbed 10th place with a market capitalisation of $541 billion. It moved up by one notch from 11th place in 2021.

Meanwhile, despite the volatility of the global economy, the total market cap of the 100 largest companies stood at $35.3 trillion this year, up 11 per cent from $31.8 trillion in March 2021.