The World’s Biggest Public Companies: Forbes 2016 Ranking
The World’s Biggest Public Companies
http://www.forbes.com/global2000/list/#tab:overall
Steve Schaefer , FORBES STAFF
The incredible ascent of the Chinese economy may be slowing down, but its banks still have plenty of weight to throw around.
Chinese banks held on to the top three spots in the FORBES Global 2000, a comprehensive annual ranking of the world’s largest public companies. Industrial and Commercial Bank of China (ICBC ), China Construction Bank and Agricultural Bank of China held onto their leading positions, despite a slowing Chinese economy that hurt profits and knocked peer Bank of China from fourth place to sixth. Here’s how we crunched the numbers.
The FORBES Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value. The 2016 list features public companies from 63 countries that together account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of assets, and have a combined market value of $44 trillion.
All four metrics are down from the 2015 ranking, as slowing global growth, collapsing commodity prices and declines in equity markets in the U.S., China and elsewhere pressured businesses and knocked stocks. The Global 2000’s combined market cap fell 8% year-over-year.
Warren Buffett’s Berkshire Hathaway BRK.B +% gains one spot to fourth overall in 2016, after holding up better than most in a turbulent market. In its latest quarterly disclosure of its investment portfolio Berkshire revealed a new stake in Apple AAPL +1.77%, which clocks in at #8 in the 2016 ranking, returning to the Top 10. For all the hand-wringing over slowing iPhone sales and Tim Cook’s management, Apple still generated $233 billion in sales and $53 billion in profit over the last year.
http://www.forbes.com/global2000
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