Markets

Ranked: The Top 100 Brands by Value in 2023

Published

10 months ago

July 24, 2023

Dorothy Neufeld

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Joyce Ma

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Ranked: The Top 100 Brands by Value in 2023

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Brand value can be a critical part of any company’s intangible assets.

These kind of non-physical assets, such as patents and brand names, are having an increasing influence on a company’s overall value. A 2020 analysis found that intangibles made up 90% of the S&P 500’s market value, an increase of 22 percentage points since 1995.

This graphic shows the world’s 100 most valuable brands in 2023 based on an annual ranking from Brand Finance, illustrating the role brand equity plays in a company’s market position.

The Top 100 Companies, by Brand Value

Brand Finance examined over 5,000 companies (and in cases of groups like Alphabet and Meta, their subsidiary brands) across 38 countries.

Broadly speaking, a brand’s value represents the allocation of company earnings that are linked to the brand. More details on the methodology are found at the end of this article.

Here are the most valuable brands in 2023:

Rank	Brand	Brand Value (B)	Country	Sector
1	Amazon	$299.3	U.S.	Retail
2	Apple	$297.5	U.S.	Tech
3	Google	$281.4	U.S.	Media
4	Microsoft	$191.6	U.S.	Tech
5	Walmart	$113.8	U.S.	Retail
6	Samsung Group	$99.7	South Korea	Tech
7	ICBC	$69.5	China	Banking
8	Verizon	$67.4	U.S.	Telecoms
9	Tesla	$66.2	U.S.	Automobiles
10	TikTok/Douyin	$65.7	China	Media
11	Deutsche Telekom	$62.9	Germany	Telecoms
12	China Construction Bank	$62.7	China	Banking
13	Home Depot	$61.1	U.S.	Retail
14	Facebook	$59.0	U.S.	Media
15	State Grid	$58.8	China	Utilities
16	Mercedes-Benz	$58.8	Germany	Automobiles
17	Agricultural Bank Of China	$57.7	China	Banking
18	Starbucks	$53.4	U.S.	Restaurants
19	Toyota	$52.5	Japan	Automobiles
20	WeChat	$50.2	China	Media
21	Moutai	$49.7	China	Spirits
22	AT&T	$49.6	U.S.	Telecoms
23	Disney	$49.5	U.S.	Media
24	Allianz Group	$48.4	Germany	Insurance
25	Shell	$48.2	UK	Oil & Gas
26	Instagram	$47.4	U.S.	Media
27	Bank of China	$47.3	China	Banking
28	Costco	$46.6	U.S.	Retail
29	Aramco	$45.2	Saudi Arabia	Oil & Gas
30	Ping An	$44.7	China	Insurance
31	Huawei	$44.3	China	Tech
32	China Mobile	$43.4	China	Telecoms
33	BMW	$40.4	Germany	Automobiles
34	accenture	$39.9	U.S.	Tech
35	Oracle	$39.6	U.S.	Tech
36	Bank of America	$38.6	U.S.	Banking
37	Tencent	$38.1	China	Media
38	UnitedHealthcare	$37.1	U.S.	Healthcare Services
39	McDonald's	$36.9	U.S.	Restaurants
40	Porsche	$36.8	Germany	Automobiles
41	NTT Group	$36.6	Japan	Telecoms
42	UPS	$35.4	U.S.	Logistics
43	Mitsubishi Group	$35.0	Japan	Automobiles
44	Marlboro	$34.7	U.S.	Tobacco
45	Deloitte	$34.5	U.S.	Commercial Services
46	American Express	$34.1	U.S.	Commercial Services
47	Volkswagen	$34.0	Germany	Automobiles
48	Coca-Cola	$33.5	U.S.	Soft Drinks
49	Wells Fargo	$33.0	U.S.	Banking
50	CSCEC	$31.9	China	Engineering & Construction
51	J.P. Morgan	$31.8	U.S.	Banking
52	Lowe's	$31.6	U.S.	Retail
53	Chase	$31.3	U.S.	Banking
54	Nike	$31.3	U.S.	Apparel
55	Mitsui	$30.7	Japan	Engineering & Construction
56	CVS	$30.6	U.S.	Retail
57	Citi	$30.6	U.S.	Banking
58	Taobao	$30.5	China	Retail
59	Wuliangye	$30.3	China	Spirits
60	YouTube	$29.7	U.S.	Media
61	PetroChina	$29.6	China	Oil & Gas
62	VISA	$29.6	U.S.	Commercial Services
63	FedEx	$28.9	U.S.	Logistics
64	Xfinity	$28.8	U.S.	Telecoms
65	Target	$27.6	U.S.	Retail
66	Tmall	$27.4	China	Retail
67	Hyundai Group	$27.3	South Korea	Automobiles
68	Sinopec	$27.1	China	Oil & Gas
69	Tata Group	$26.4	India	Engineering & Construction
70	Louis Vuitton	$26.3	France	Apparel
71	IBM	$26.2	U.S.	Tech
72	EY	$25.7	UK	Commercial Services
73	PWC	$25.3	U.S.	Commercial Services
74	Mastercard	$24.8	U.S.	Commercial Services
75	China Merchants Bank	$24.5	China	Banking
76	Honda	$24.2	Japan	Automobiles
77	Netflix	$24.2	U.S.	Media
78	Cisco	$23.9	U.S.	Tech
79	Sumitomo Group	$23.9	Japan	Trading Houses
80	Spectrum	$23.3	U.S.	Telecoms
81	Uber	$23.3	U.S.	Mobility
82	Intel	$22.9	U.S.	Tech
83	Dell Technologies	$22.6	U.S.	Tech
84	SK Group	$22.5	South Korea	Telecoms
85	Nestlé	$22.4	Switzerland	Food
86	Ford	$22.3	U.S.	Automobiles
87	TSMC	$21.6	Taiwan	Tech
88	Walgreens	$21.6	U.S.	Retail
89	Siemens Group	$ 21.4	Germany	Engineering & Construction
90	LG Group	$21.3	South Korea	Tech
91	SAP	$21.1	Germany	Tech
92	TotalEnergies	$20.7	France	Oil & Gas
93	TD	$20.4	Canada	Banking
94	Optum	$20.1	U.S.	Healthcare Services
95	Elevance Health (formerly Anthem)	$19.9	U.S.	Healthcare Services
96	HSBC	$19.9	UK	Banking
97	CREC	$19.8	China	Engineering & Construction
98	CHANEL	$19.4	France	Apparel
99	General Electric	$19.3	U.S.	Engineering & Construction
100	Salesforce	$19.1	U.S.	Tech

Amazon ranks number one globally with its brand valued at $299 billion. As a market leader in online retail, it has strong brand loyalty in its B2C segment which generates its largest share of revenue, and is a key player in cloud services for its B2B platforms.

Apple is in close second with a $298 billion brand. It’s important to note that both tech giants brands fell in value from last year, as supply chain disruptions, labor market constraints, and slower forecasted revenue impacted their brands.

Other big tech brands Google (#3) and Microsoft (#4) were next in the ranking. Korean conglomerate Samsung (#6) was the highest-ranking firm based outside of America.

Brand Value: Leading Sectors in 2023

Looking at brand value based on sector, we can see that tech continues to dominate. The sector breakdown below uses data from the top 500 brands covered by Brand Finance.

Rank	Sector	% of Total	Total Brand Value (B)
1	Tech	19.4%	$891.2
2	Retail	15.0%	$690.0
3	Media	14.0%	$645.2
4	Banking	10.2%	$467.4
5	Automobiles	8.6%	$397.3
6	Telecoms	7.3%	$334.6
7	Commercial Services	3.8%	$174.0
8	Oil & Gas	3.7%	$171.0
9	Engineering & Construction	3.3%	$149.5
10	Insurance	2.0%	$93.0
11	Restaurants	2.0%	$90.3
12	Spirits	1.7%	$80.0
13	Healthcare Services	1.7%	$77.1
14	Apparel	1.7%	$77.0
15	Logistics	1.4%	$64.3
16	Utilities	1.3%	$58.8
17	Tobacco	0.8%	$34.7
18	Soft Drinks	0.7%	$33.5
19	Trading Houses	0.5%	$23.9
20	Mobility	0.5%	$23.3
21	Food	0.5%	$22.4

Overall, the top tech brands were worth a combined $891 billion largely thanks to the outsized influence of Apple, Microsoft, and Samsung.

After retail and media, the banking sector still held significant brand sway at $467 billion. Automobiles rounded out the top five sectors at $397 billion, led by companies like Tesla and Mercedes-Benz.

The Fastest Rising Brands in 2023

While some brands such as Apple and Amazon fell in value over the last year, others have increased their brand value.

Below, we show the fastest rising brands across the top 500 around the world:

Rank	Name	Brand Value % Change (2022-2023)
1	BYD	57%
2	ConocoPhillips	56%
3	Maersk	53%
4	LinkedIn	49%
5	Christian Dior	46%
6	Tesla	44%
7	ADP	44%
8	United Airlines	42%
9	Instagram	42%
10	Equinor	40%

BYD, a leading electric vehicle (EV) firm in China, jumped the sharpest. Focused on budget EVs and backed by Warren Buffett, it has become a growing competitor to Tesla, and is the second-largest producer of lithium-ion batteries globally.

Energy firm ConocoPhillips saw the second-largest gain in brand value, driven by its focus on energy transition fuels, cutting production emissions, and lowering supply costs.

Following a series of difficult years for the airline industry, United Airline’s brand value increased 42% as travel demand accelerated.

As the economic landscape continues to shift, the value of these brands will shift as well.

Where does this data come from?

Source: Brand Finance Global 500 Report

Important note: The values shown above are brand value calculations as opposed to market capitalization. See below for more details.

How is brand value calculated? Generally speaking, the methodology for calculating “brand value” is a formula that is as follows:

Brand Strength (BSI) x Brand Royalty Rate x Brand Revenues = Brand Value

Brand Strength Index (BSI) looks at brand investment, brand equity, and brand performance. The brand royalty rate is determined based on sector. Lastly, forecast brand-specific revenues are determined based on the proportion of parent company revenues attributable to the brand in question. Brand value itself is discounted to net present value.

We recommend visiting page 83 of the report to view the full explanation of the methodology.

Related Topics:apple google tesla amazon samsung microsoft walmart brand value featured global brands most valuable brands partner

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Mapped: Europe’s GDP Per Capita, by Country

Which European economies are richest on a GDP per capita basis? This map shows the results for 44 countries across the continent.

Published

2 days ago

May 6, 2024

Pallavi Rao

A cropped map of GDP per capita levels for 44 European countries.

Mapped: Europe’s GDP Per Capita, by Country (2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Europe is home to some of the largest and most sophisticated economies in the world. But how do countries in the region compare with each other on a per capita productivity basis?

In this map, we show Europe’s GDP per capita levels across 44 nations in current U.S. dollars. Data for this visualization and article is sourced from the International Monetary Fund (IMF) via their DataMapper tool, updated April 2024.

Europe’s Richest and Poorest Nations, By GDP Per Capita

Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by GDP per capita, all above $100,000.

Rank	Country	GDP Per Capita (2024)
1	🇱🇺 Luxembourg	$131,380
2	🇮🇪 Ireland	$106,060
3	🇨🇭 Switzerland	$105,670
4	🇳🇴 Norway	$94,660
5	🇮🇸 Iceland	$84,590
6	🇩🇰 Denmark	$68,900
7	🇳🇱 Netherlands	$63,750
8	🇸🇲 San Marino	$59,410
9	🇦🇹 Austria	$59,230
10	🇸🇪 Sweden	$58,530
11	🇧🇪 Belgium	$55,540
12	🇫🇮 Finland	$55,130
13	🇩🇪 Germany	$54,290
14	🇬🇧 UK	$51,070
15	🇫🇷 France	$47,360
16	🇦🇩 Andorra	$44,900
17	🇲🇹 Malta	$41,740
18	🇮🇹 Italy	$39,580
19	🇨🇾 Cyprus	$37,150
20	🇪🇸 Spain	$34,050
21	🇸🇮 Slovenia	$34,030
22	🇪🇪 Estonia	$31,850
23	🇨🇿 Czech Republic	$29,800
24	🇵🇹 Portugal	$28,970
25	🇱🇹 Lithuania	$28,410
26	🇸🇰 Slovakia	$25,930
27	🇱🇻 Latvia	$24,190
28	🇬🇷 Greece	$23,970
29	🇭🇺 Hungary	$23,320
30	🇵🇱 Poland	$23,010
31	🇭🇷 Croatia	$22,970
32	🇷🇴 Romania	$19,530
33	🇧🇬 Bulgaria	$16,940
34	🇷🇺 Russia	$14,390
35	🇹🇷 Türkiye	$12,760
36	🇲🇪 Montenegro	$12,650
37	🇷🇸 Serbia	$12,380
38	🇦🇱 Albania	$8,920
39	🇧🇦 Bosnia & Herzegovina	$8,420
40	🇲🇰 North Macedonia	$7,690
41	🇧🇾 Belarus	$7,560
42	🇲🇩 Moldova	$7,490
43	🇽🇰 Kosovo	$6,390
44	🇺🇦 Ukraine	$5,660
N/A	🇪🇺 EU Average	$44,200

Note: Figures are rounded.

Three Nordic countries (Norway, Iceland, Denmark) also place highly, between $70,000-90,000. Other Nordic peers, Sweden and Finland rank just outside the top 10, between $55,000-60,000.

Meanwhile, Europe’s biggest economies in absolute terms, Germany, UK, and France, rank closer to the middle of the top 20, with GDP per capitas around $50,000.

Finally, at the end of the scale, Eastern Europe as a whole tends to have much lower per capita GDPs. In that group, Ukraine ranks last, at $5,660.

A Closer Look at Ukraine

For a broader comparison, Ukraine’s per capita GDP is similar to Iran ($5,310), El Salvador ($5,540), and Guatemala ($5,680).

According to experts, Ukraine’s economy has historically underperformed to expectations. After the fall of the Berlin Wall, the economy contracted for five straight years. Its transition to a Western, liberalized economic structure was overshadowed by widespread corruption, a limited taxpool, and few revenue sources.

Politically, its transformation from authoritarian regime to civil democracy has proved difficult, especially when it comes to institution building.

Finally, after the 2022 invasion of the country, Ukraine’s GDP contracted by 30% in a single year—the largest loss since independence. Large scale emigration—to the tune of six million refugees—is also playing a role.

Despite these challenges, the country’s economic growth has somewhat stabilized while fighting continues.