When it comes to the market capitalization of publicly traded stocks, luxury brands rule.
In an analysis by Sourcing Journal of global companies in the textile, apparel and luxury sector (as defined by S&P Capital IQ), LVMH Moët Hennessy took the number one spot in the top 25 companies when ranked by market cap
The luxury powerhouse came in with a total market cap of $280.7 billion and was followed by Hermès International Société with $194.4 billion and Compagnie Financière Richemont SA with $136 billion. Christian Dior SE clocked in at $94.2 billion and Nike Inc. at $60.3 billion. More from WWD Market cap is the total dollar value of a company’s outstanding shares of stock and is calculated by multiplying the current share price by the total number of outstanding shares.
Investors use the data point to classify companies into categories, which helps them gauge risk and growth potential. Companies with larger market cap values, such as the top 25 listed below, generally tend to by more stable, while smaller companies can offer higher volatility, but greater growth potential. In the S&P Capital IQ industry sector of textile, apparel and luxury companies, there are a total of 1,372 constituents with a total market cap of $1.48 trillion.