What is market capitalization?

Market capitalization (or 'market cap') is the total dollar value of an asset based on its current price and the total supply available. For a public company it's the share price multiplied by the number of shares outstanding. For a cryptocurrency it's the coin price multiplied by the circulating supply. For a commodity like gold it's the spot price multiplied by the estimated above-ground stock.

How is market cap calculated?

Market cap is the current market price of one unit of an asset multiplied by the total number of units in circulation. Market Cap = Price × Circulating Supply. For commodities and currencies the supply figure comes from proven reserves, above-ground stocks, or money-supply data depending on the asset class.

What is the largest asset by market cap?

Real estate is consistently the largest single asset class by market capitalization globally, valued in the hundreds of trillions of dollars. Oil and the US dollar (by M2 money supply) are also among the largest. The AssetMarketCap homepage shows the live ranking updated continuously across stocks, crypto, commodities, and currencies.

What is the difference between market cap and enterprise value?

Market cap is the equity value only — price multiplied by shares outstanding. Enterprise value adds total debt and subtracts cash and equivalents, giving a fuller picture of what an acquirer would pay to buy the whole company. Market cap is the standard metric for ranking and comparing assets across classes; enterprise value is more useful for valuation analysis of individual companies.

How is market cap calculated for commodities like gold or oil?

For precious metals (gold, silver, platinum) the supply figure is the above-ground stock — the total mass mined throughout history, sourced from industry bodies such as the World Gold Council and the Silver Institute. For oil and gas, proven reserves from sources like the BP Statistical Review are used. The current spot price is multiplied by this supply estimate to give a comparable market cap.

How is market cap calculated for currencies in Forex?

Currency market cap uses M2 money supply — broad money including physical cash, demand deposits, and near-money instruments. Each country's M2 figure (sourced from central bank data and aggregators like TradingEconomics) is converted to USD using the prevailing exchange rate, allowing currencies to be ranked on the same scale as gold, equities, and cryptocurrencies.

Is cryptocurrency market cap calculated the same way as stocks?

Yes — the formula is identical: current price multiplied by circulating supply. For Bitcoin that's the BTC/USD price times the number of BTC mined to date. The main difference is that crypto supply is often capped (e.g. 21 million BTC) and verifiable on-chain, whereas stock 'shares outstanding' can change through buybacks, splits, or new issuance.

Why does ranking assets by market cap matter?

Market cap gives a consistent, cross-asset way to compare the size and importance of stores of value. Ranking gold, Bitcoin, Apple, and the US dollar on the same scale reveals where capital sits globally, how it shifts between asset classes over time, and which assets are gaining or losing share — useful for macro analysis, portfolio context, and long-term capital allocation.

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The global leaderboard of wealth: $1.2 Quadrillion of Assets ranked by Market Cap

Assets Ranked by Market Cap

The world's assets ranked by market cap have a total combined value of $1,156.17T ▲ 0.0%.
Read more.
Currently the world's most valuable asset is X with a market cap of $XXX.X T, ▲ 0.0% today. The world's most valuable company is X with a market cap of $X.XX T, ▲ 0.0% today. The world's most valuable commodity is X with a market cap of $X.XX T, ▲ 0.0% today and the world's most valuable cryptocurrency is X with a market cap of $X.XX T, ▲ 0.0% today.Key marketcap metrics:Real Estate marketcap $XXX.X T, ▲ 0.0% today.Commodities marketcap $870.84T, ▲ 0.0% today.Companies marketcap $147.67T, ▲ 0.0% today.Currencies marketcap $135.34T, ▲ 0.0% today.Cryptocurrencies marketcap $2.33T, ▲ 0.0% today.Compare over 30,000 of the world's most valuable assets ranked by market cap including Real Estate, Companies (Stocks), Commodities, Currencies (Forex) and Cryptocurrencies, all in one place.Read less.

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☆	#	Asset Name	Type	Market Cap ($)	Price ($)	1Hr Change	24Hr Change	7d Change	Circ. Supply Max. Supply	24Hr Volume	Country	Sector
☆	1	Real Estate REAL-ESTATE	Commodity	$634,900,000,000,000	$302,353.57	—	—	—	2,099,859,454	—	Global	Commodities
☆	2	Oil CL=F	Commodity	$172,108,500,000,000	$96.15	+0.9%	+2.5%	+7.1%	1,790,000,000,000	—	Global	Commodities
☆	3	Chinese Yuan CNYUSD=X	Currency	$51,308,616,590,700	$0.15	—	-0.1%	+0.4%	347,190,000,000,000	—	China	Forex
☆	4	Gold GC=F	Commodity	$29,993,236,840,686	$4,466.30	-0.2%	-1.2%	-0.4%	6,715,455,039	—	Global	Commodities
☆	5	United States dollar USDUSD=X	Currency	$22,442,100,000,000	$1.00	—	—	—	22,442,100,000,000	—	United States	Forex
☆	6	Euro EURUSD=X	Currency	$18,882,207,751,416	$1.17	—	+0.2%	+0.5%	16,204,710,000,000	—	Europe	Forex
☆	7	Copper HG=F	Commodity	$18,604,300,000,000	$6.50	-1.0%	-2.6%	+2.7%	2,860,000,000,000	—	Global	Commodities
☆	8	Natural Gas NG=F	Commodity	$10,484,160,000,000	$3.22	+1.0%	+1.5%	+4.4%	3,260,000,000,000	—	Global	Commodities
☆	9	Japanese yen JPYUSD=X	Currency	$8,030,082,002,472	$0.01	—	+0.4%	-0.0%	1,279,111,700,000,000	—	Japan	Forex
☆	10	NVIDIA NVDA	Company	$5,225,828,581,376	$216.12	-0.4%	-3.0%	+1.5%	24,221,000,000	$19,029,881,230	United States	Technology
☆	11	Apple AAPL	Company	$4,548,527,128,576	$315.98	—	+0.2%	+1.5%	14,687,356,000	$7,129,144,868	United States	Technology
☆	12	Alphabet GOOGL	Company	$4,350,898,077,696	$365.97	—	+1.1%	-6.2%	5,823,665,113	$9,904,716,747	United States	Communication Services
☆	13	British Pound GBPUSD=X	Currency	$4,286,745,831,595	$1.35	—	-0.1%	+0.1%	3,187,024,000,000	—	United Kingdom	Forex
☆	14	Silver SI=F	Commodity	$4,143,945,412,584	$73.61	-0.2%	-2.6%	-1.7%	56,295,957,242	—	Global	Commodities
☆	15	Microsoft MSFT	Company	$3,160,279,089,152	$436.97	—	-1.0%	+5.4%	7,428,434,704	$7,992,945,561	United States	Technology
☆	16	South Korean won KRWUSD=X	Currency	$3,008,870,865,047	$0.00	—	+0.5%	+0.9%	4,537,768,500,000,000	—	Korea, South	Forex
☆	17	Amazon AMZN	Company	$2,679,058,202,624	$262.37	-1.9%	+2.3%	-3.5%	10,757,109,436	$6,095,005,963	United States	Consumer Cyclical
☆	18	Hong Kong dollar HKDUSD=X	Currency	$2,628,496,611,000	$0.13	—	-0.0%	-0.0%	20,601,368,000,000	—	Hong Kong	Forex
☆	19	Australian dollar AUDUSD=X	Currency	$2,417,255,335,775	$0.72	—	-0.0%	+0.8%	3,366,270,000,000	—	Australia	Forex
☆	20	Broadcom AVGO	Company	$2,294,988,406,784	$493.00	-0.2%	+2.4%	+16.8%	4,734,668,184	$8,680,049,856	United States	Technology
☆	21	New Taiwan dollar TWDUSD=X	Currency	$2,151,141,653,409	$0.03	—	-0.1%	+0.1%	67,784,624,000,000	—	Taiwan	Forex
☆	22	Canadian dollar CADUSD=X	Currency	$2,014,442,421,968	$0.72	—	+0.3%	+0.2%	2,779,326,000,000	—	Canada	Forex
☆	23	Taiwan Semiconductor Manufacturing Comp. 2330.TW	Company	$1,995,683,963,823	$76.96	—	+1.9%	+7.0%	25,932,370,067	$1,854,396,232	Taiwan	Technology
☆	24	Russian ruble RUBUSD=X	Currency	$1,799,037,797,224	$0.01	—	+2.7%	+0.8%	127,866,600,000,000	—	Russia	Forex
☆	25	Saudi Aramco 2222.SR	Company	$1,757,099,867,369	$6.90	—	-5.4%	-7.2%	241,907,400,000	$117,098,439	Saudi Arabia	Energy
☆	26	Tesla TSLA	Company	$1,590,887,055,360	$423.69	-1.4%	-0.0%	-3.8%	3,755,723,871	$11,087,239,824	United States	Consumer Cyclical
☆	27	Samsung Electronics 005930.KS	Company	$1,569,656,512,204	$239.37	—	+3.4%	+21.8%	5,764,191,903	$11,294,910,481	South Korea	Technology
☆	28	Meta Platforms META	Company	$1,557,830,434,816	$613.20	-0.6%	+2.6%	-4.9%	2,196,045,588	$6,367,645,402	United States	Communication Services
☆	29	Brazilian real BRLUSD=X	Currency	$1,450,482,201,675	$0.20	—	-0.7%	-0.1%	7,317,828,000,000	—	Brazil	Forex
☆	30	Swiss franc CHFUSD=X	Currency	$1,410,148,345,550	$1.28	—	+0.6%	+0.5%	1,102,313,000,000	—	Switzerland	Forex
☆	31	Bitcoin BTC-USD	Cryptocurrency	$1,313,584,916,337	$65,590.00	-1.3%	-3.2%	-11.6%	20,038,228	$63,080,921,562	Global	Cryptocurrency
☆	32	Micron Technology MU	Company	$1,202,254,643,200	$1,070.00	—	+0.6%	+15.1%	1,127,734,051	$23,018,846,870	United States	Technology
☆	33	SK hynix 000660.KS	Company	$1,110,817,768,075	$1,552.92	—	-0.9%	+15.1%	709,854,891	$9,776,188,590	South Korea	Technology
☆	34	Berkshire Hathaway BRK-A	Company	$1,021,529,489,408	$711,323.90	+0.2%	+0.6%	-1.9%	505,697	$58,328,560	United States	Financial Services
☆	35	Eli Lilly LLY	Company	$970,022,912,000	$1,086.38	+0.1%	+2.1%	+0.3%	891,741,406	$1,054,811,970	United States	Healthcare
☆	36	Mexican peso MXNUSD=X	Currency	$949,543,398,395	$0.06	—	-0.1%	+0.2%	16,427,100,283,000	—	Mexico	Forex
☆	37	Walmart WMT	Company	$927,394,758,656	$121.05	—	+7.1%	+2.0%	7,958,079,155	$1,500,588,699	United States	Consumer Defensive
☆	38	Advanced Micro Devices AMD	Company	$868,343,742,464	$536.00	-0.6%	+2.8%	+8.0%	1,630,600,639	$8,577,309,984	United States	Technology
☆	39	JPMorgan Chase JPM	Company	$804,148,084,736	$298.71	+0.4%	-0.7%	-0.2%	2,679,511,418	$730,733,676	United States	Financial Services
☆	40	Saudi riyal SARUSD=X	Currency	$766,353,039,780	$0.27	—	+0.0%	—	2,876,123,000,000	—	Saudi Arabia	Forex
☆	41	Indian rupee INRUSD=X	Currency	$765,177,150,599	$0.01	—	+0.2%	+0.7%	72,722,440,000,000	—	India	Forex
☆	42	UAE Dirham AEDUSD=X	Currency	$749,876,950,140	$0.27	—	-0.0%	-0.0%	2,754,748,000,000	—	United Arab Emirates	Forex
☆	43	Polish złoty PLNUSD=X	Currency	$743,760,981,294	$0.28	—	+0.2%	+0.6%	2,699,852,300,000	—	Poland	Forex
☆	44	Thai baht THBUSD=X	Currency	$741,355,619,343	$0.03	—	+0.5%	+0.6%	24,079,230,000,000	—	Thailand	Forex
☆	45	Vietnamese đồng VNDUSD=X	Currency	$682,069,906,139	$0.00	—	+0.0%	+0.3%	17,914,566,000,000,000	—	Vietnam	Forex
☆	46	ASML Holding N.V ASMLF	Company	$661,342,060,544	$1,732.68	-0.2%	+2.2%	+7.7%	385,417,665	$58,911	Netherlands	Technology
☆	47	Oracle ORCL	Company	$659,405,471,744	$230.47	-0.9%	-5.8%	+19.6%	2,876,046,000	$2,860,687,902	United States	Technology
☆	48	Malaysian ringgit MYRUSD=X	Currency	$648,313,098,281	$0.25	—	-0.1%	+0.1%	2,571,857,930,000	—	Malaysia	Forex
☆	49	Exxon Mobil XOM	Company	$641,223,294,976	$154.21	+0.7%	+3.1%	+4.2%	4,144,947,162	$767,019,413	United States	Energy
☆	50	Platinum PL=F	Commodity	$602,440,689,229	$1,873.80	-1.0%	-3.6%	-3.3%	321,507,466	—	Global	Commodities
☆	51	Visa V	Company	$591,974,760,448	$311.12	+0.3%	-2.0%	-5.3%	1,659,709,932	$1,199,884,059	United States	Financial Services
☆	52	Indonesian rupiah IDRUSD=X	Currency	$565,619,400,284	$0.00	—	-0.2%	-0.9%	10,117,800,000,000,000	—	Indonesia	Forex
☆	53	Intel INTC	Company	$561,705,779,200	$113.12	-0.5%	+4.8%	-7.3%	5,026,000,000	$8,844,493,192	United States	Technology
☆	54	Turkish lira TRYUSD=X	Currency	$559,128,422,507	$0.02	—	+0.1%	-0.3%	25,641,237,861,120	—	Turkey	Forex
☆	55	Swedish krona SEKUSD=X	Currency	$555,738,207,501	$0.11	—	+0.3%	+1.2%	5,146,525,000,000	—	Sweden	Forex
☆	56	Johnson & Johnson JNJ	Company	$539,433,238,528	$224.13	+0.3%	+0.6%	-3.3%	2,407,216,971	$380,468,071	United States	Healthcare
☆	57	Tencent NNN1.F	Company	$525,847,232,494	$59.43	-2.9%	-2.9%	+6.3%	9,025,641,213	$94,964	China	Communication Services
☆	58	Israeli new shekel ILSUSD=X	Currency	$523,200,517,172	$0.35	—	+0.9%	+2.7%	1,477,518,130,000	—	Israel	Forex
☆	59	Cisco Systems CSCO	Company	$504,345,985,024	$135.22	+1.9%	+5.6%	+12.9%	3,941,434,665	$1,367,817,099	United States	Technology
☆	60	Costco Wholesale COST	Company	$426,966,777,856	$956.12	—	+0.2%	-4.9%	443,652,540	$782,643,499	United States	Consumer Defensive
☆	61	Caterpillar CAT	Company	$426,508,156,928	$929.59	-0.5%	+2.2%	+2.0%	460,591,983	$1,062,848,586	United States	Industrials
☆	62	Lam Research LRCX	Company	$424,593,752,064	$361.13	—	+8.0%	+7.3%	1,250,571,000	$1,259,132,470	United States	Technology
☆	63	Mastercard MA	Company	$413,517,250,560	$467.48	+0.1%	-2.1%	-5.7%	877,036,230	$1,162,429,691	United States	Financial Services
☆	64	Industrial and Commercial Bank of China IDCBY	Company	$397,410,500,608	$17.06	-0.1%	-1.4%	-0.5%	4,339,702,228	$54,387	China	Financial Services
☆	65	Applied Materials AMAT	Company	$396,296,912,896	$497.60	-1.1%	+1.5%	+7.7%	793,959,430	$1,777,588,422	United States	Technology
☆	66	China Construction Bank 601939.SS	Company	$388,919,253,443	$1.49	—	-1.2%	-1.3%	21,183,061,579	$154,357,568	China	Financial Services
☆	67	AbbVie ABBV	Company	$385,761,542,144	$218.08	+0.2%	+1.2%	+1.4%	1,766,792,821	$441,185,217	United States	Healthcare
☆	68	Chevron CVX	Company	$381,052,387,328	$190.98	+0.4%	+1.8%	+4.4%	1,991,597,732	$486,218,847	United States	Energy
☆	69	Norwegian krone NOKUSD=X	Currency	$374,194,961,334	$0.11	—	+0.0%	+0.3%	3,468,600,000,000	—	Norway	Forex
☆	70	Bank of America BAC	Company	$369,980,768,256	$51.86	+1.2%	-1.2%	+1.4%	7,096,590,651	$651,092,084	United States	Financial Services
☆	71	UnitedHealth UNH	Company	$350,793,465,856	$384.60	+0.7%	+1.8%	+0.2%	908,144,404	$1,247,507,021	United States	Healthcare
☆	72	Palantir Technologies PLTR	Company	$342,683,779,072	$154.99	+4.7%	+1.9%	+16.8%	2,296,071,334	$3,239,861,363	United States	Technology
☆	73	Netflix NFLX	Company	$341,937,913,856	$85.45	-1.9%	+2.5%	-4.6%	4,210,798,528	$1,457,364,533	United States	Communication Services
☆	74	PetroChina PCCYF	Company	$339,985,629,184	$1.40	—	-4.8%	-3.4%	21,098,900,000	$2,940	China	Energy
☆	75	Czech koruna CZKUSD=X	Currency	$339,846,527,005	$0.05	—	+0.1%	+0.9%	7,054,533,900,000	—	Czech Republic	Forex
☆	76	The Coca-Cola KO	Company	$338,777,473,024	$78.71	+0.3%	+0.4%	-3.7%	4,302,482,418	$362,899,303	United States	Consumer Defensive
☆	77	GE Aerospace GE	Company	$332,130,451,456	$317.77	+0.4%	+0.0%	-0.2%	1,043,337,235	$476,218,384	United States	Industrials
☆	78	General Electric GE.MX	Company	$332,101,485,558	$324.81	+0.8%	+2.0%	+0.3%	1,043,337,235	$2,274	United States	Industrials
☆	79	Morgan Stanley MS	Company	$332,050,006,016	$210.22	+0.2%	-2.2%	+4.1%	1,577,284,817	$529,207,618	United States	Financial Services
☆	80	The Procter & Gamble PG	Company	$329,345,400,832	$141.58	+0.1%	+0.5%	-4.1%	2,328,598,978	$481,183,557	United States	Consumer Defensive
☆	81	Agricultural Bank of China 601288.SS	Company	$328,947,985,127	$0.94	—	-1.2%	+1.4%	319,244,210,777	$261,140,394	China	Financial Services
☆	82	Roche RO.SW	Company	$323,865,348,373	$403.99	-0.7%	—	-5.7%	106,691,000	$8,600,571	Switzerland	Healthcare
☆	83	HSBC HSBA.L	Company	$321,070,496,499	$1,874.75	—	-1.1%	-0.6%	17,148,209,505	$36,735,231,988	United Kingdom	Financial Services
☆	84	Philippine peso PHPUSD=X	Currency	$312,894,029,286	$0.02	—	+0.0%	+0.1%	19,277,402,700,000	—	Philippines	Forex
☆	85	The Home Depot HD	Company	$310,151,151,616	$311.72	-0.2%	+0.1%	-2.2%	997,116,682	$544,540,239	United States	Consumer Cyclical
☆	86	Alibaba 9988.HK	Company	$310,019,887,129	$16.17	—	-3.2%	+2.1%	19,193,071,958	$1,467,991,953	Hong Kong	Consumer Cyclical
☆	87	The Goldman Sachs GS	Company	$307,878,592,512	$1,042.43	+0.4%	-2.1%	+4.8%	295,007,421	$1,094,470,190	United States	Financial Services
☆	88	SoftBank 9984.T	Company	$297,486,048,345	$52.21	—	-3.7%	—	5,698,923,701	$3,811,467,991	Japan	Communication Services
☆	89	South African rand ZARUSD=X	Currency	$294,749,312,988	$0.06	—	-0.0%	+1.5%	4,788,203,000,000	—	South Africa	Forex
☆	90	Danish krone DKKUSD=X	Currency	$292,933,032,188	$0.16	—	+0.2%	+0.5%	1,878,023,000,000	—	Denmark	Forex
☆	91	Contemporary Amperex Technology 300750.SZ	Company	$291,550,711,055	$63.34	—	-1.2%	+3.6%	4,408,208,952	$2,441,906,475	China	Industrials
☆	92	International Business Machines IBM	Company	$287,125,569,536	$305.94	-0.6%	-7.1%	—	939,885,280	$2,329,629,998	United States	Technology
☆	93	Merck MRK	Company	$285,931,569,152	$115.85	-0.0%	+0.2%	-5.0%	2,469,824,415	$213,806,620	United States	Healthcare
☆	94	Novartis NOVNEE.SW	Company	$283,474,922,758	$145.38	—	+0.1%	-4.7%	—	$18,898,810	Switzerland
☆	95	Bank of China 601988.SS	Company	$283,323,297,201	$0.88	—	-0.3%	+2.1%	238,590,135,419	$231,863,546	China	Financial Services
☆	96	Texas Instruments TXN	Company	$281,000,247,296	$325.07	+1.9%	+5.5%	-2.3%	910,092,791	$805,924,596	United States	Technology
☆	97	Philip Morris PM	Company	$275,927,236,608	$176.85	+0.3%	+1.8%	-3.2%	1,558,558,846	$165,717,116	United States	Consumer Defensive
☆	98	AstraZeneca AZN.L	Company	$275,558,936,493	$17,625.70	—	-0.8%	-6.2%	1,550,848,083	$34,927,097,571	United Kingdom	Healthcare
☆	99	KLA KLAC	Company	$272,678,404,096	$2,079.88	+7.7%	+1.7%	—	130,627,521	$603,645,652	United States	Technology
☆	100	Egyptian pound EGPUSD=X	Currency	$269,434,686,072	$0.02	—	-0.9%	+0.1%	14,083,351,000,000	—	Egypt	Forex