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 $1,244.37T ▲ 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 $866.04T, ▲ 0.0% today.Companies marketcap $147.70T, ▲ 0.0% today.Currencies marketcap $135.34T, ▲ 0.0% today.Cryptocurrencies marketcap $2.26T, ▲ 0.0% today.Government Bonds marketcap $93.04T, ▲ 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	$166,470,000,000,000	$93.00	—	-3.1%	—	1,790,000,000,000	—	Global	Commodities
☆	3	Government Bonds BOND	Bond	$93,042,027,325,000	$99.22	—	—	—	937,744,054,314	—	Global	Bonds
☆	4	Chinese Yuan CNYUSD=X	Currency	$51,308,616,590,700	$0.15	—	+0.0%	—	347,190,000,000,000	—	China	Forex
☆	5	Gold GC=F	Commodity	$30,271,256,679,300	$4,507.70	—	+0.9%	—	6,715,455,039	—	Global	Commodities
☆	6	United States dollar USDUSD=X	Currency	$22,442,100,000,000	$1.00	—	—	—	22,442,100,000,000	—	United States	Forex
☆	7	Euro EURUSD=X	Currency	$18,882,207,751,416	$1.17	—	+0.4%	—	16,204,710,000,000	—	Europe	Forex
☆	8	Copper HG=F	Commodity	$18,691,530,000,000	$6.54	—	+0.4%	—	2,860,000,000,000	—	Global	Commodities
☆	9	Natural Gas NG=F	Commodity	$10,914,480,000,000	$3.35	—	+4.2%	—	3,260,000,000,000	—	Global	Commodities
☆	10	Japanese yen JPYUSD=X	Currency	$8,030,082,002,472	$0.01	—	+0.4%	—	1,279,111,700,000,000	—	Japan	Forex
☆	11	NVIDIA NVDA	Company	$5,296,163,913,728	$222.00	—	+3.4%	—	24,221,000,000	$36,389,486,088	United States	Technology
☆	12	Apple AAPL	Company	$4,571,145,961,472	$311.41	—	+0.4%	—	14,687,356,000	$11,561,021,200	United States	Technology
☆	13	Alphabet GOOGL	Company	$4,509,246,947,328	$373.97	—	+4.2%	—	5,823,665,113	$15,562,892,066	United States	Communication Services
☆	14	British Pound GBPUSD=X	Currency	$4,286,745,831,595	$1.35	—	+0.2%	—	3,187,024,000,000	—	United Kingdom	Forex
☆	15	Silver SI=F	Commodity	$4,181,663,703,936	$74.28	—	+0.8%	—	56,295,957,242	—	Global	Commodities
☆	16	Microsoft MSFT	Company	$3,179,741,446,144	$428.36	—	+0.2%	—	7,428,434,704	$11,175,821,588	United States	Technology
☆	17	South Korean won KRWUSD=X	Currency	$3,008,870,865,047	$0.00	—	+1.5%	—	4,537,768,500,000,000	—	Korea, South	Forex
☆	18	Amazon AMZN	Company	$2,730,046,783,488	$256.00	—	+2.4%	—	10,757,109,436	$9,071,829,248	United States	Consumer Cyclical
☆	19	Hong Kong dollar HKDUSD=X	Currency	$2,628,496,611,000	$0.13	—	-0.0%	—	20,601,368,000,000	—	Hong Kong	Forex
☆	20	Australian dollar AUDUSD=X	Currency	$2,417,255,335,775	$0.72	—	+0.7%	—	3,366,270,000,000	—	Australia	Forex
☆	21	New Taiwan dollar TWDUSD=X	Currency	$2,151,141,653,409	$0.03	—	-0.0%	—	67,784,624,000,000	—	Taiwan	Forex
☆	22	Canadian dollar CADUSD=X	Currency	$2,014,442,421,968	$0.72	—	+0.7%	—	2,779,326,000,000	—	Canada	Forex
☆	23	Broadcom AVGO	Company	$1,983,399,854,080	$418.69	—	-12.6%	—	4,734,668,184	$33,297,199,406	United States	Technology
☆	24	Taiwan Semiconductor Manufacturing Comp 2330.TW	Company	$1,962,765,512,107	$75.85	—	-1.4%	—	25,932,370,067	$2,143,561,524	Taiwan	Technology
☆	25	Russian ruble RUBUSD=X	Currency	$1,799,037,797,224	$0.01	—	+3.8%	—	127,866,600,000,000	—	Russia	Forex
☆	26	Saudi Aramco 2222.SR	Company	$1,750,654,044,759	$6.87	—	-5.4%	—	241,907,400,000	$99,390,116	Saudi Arabia	Energy
☆	27	Meta Platforms META	Company	$1,593,038,340,096	$626.74	—	+0.6%	—	2,196,045,588	$12,619,373,549	United States	Communication Services
☆	28	Tesla TSLA	Company	$1,571,582,640,128	$418.77	—	-1.2%	—	3,755,723,871	$14,337,815,852	United States	Consumer Cyclical
☆	29	Samsung Electronics 005930.KS	Company	$1,530,469,560,577	$239.04	—	—	—	5,764,191,903	—	South Korea	Technology
☆	30	Brazilian real BRLUSD=X	Currency	$1,450,482,201,675	$0.20	—	+0.6%	—	7,317,828,000,000	—	Brazil	Forex
☆	31	Swiss franc CHFUSD=X	Currency	$1,410,148,345,550	$1.28	—	+1.3%	—	1,102,313,000,000	—	Switzerland	Forex
☆	32	Bitcoin BTC-USD	Cryptocurrency	$1,269,166,437,381	$63,244.00	-0.5%	-3.7%	—	20,038,703	$63,080,921,562	Global	Cryptocurrency
☆	33	Micron Technology MU	Company	$1,123,223,076,864	$1,004.54	—	-6.9%	—	1,127,734,051	$52,623,508,978	United States	Technology
☆	34	SK hynix 000660.KS	Company	$1,081,635,226,812	$1,564.85	—	—	—	709,854,891	—	South Korea	Technology
☆	35	Berkshire Hathaway BRK-A	Company	$1,033,018,277,888	$715,039.90	—	+0.2%	—	505,697	$151,588,459	United States	Financial Services
☆	36	Eli Lilly LLY	Company	$1,003,449,810,944	$1,124.79	—	+4.3%	—	891,741,406	$4,233,092,050	United States	Healthcare
☆	37	Mexican peso MXNUSD=X	Currency	$949,543,398,395	$0.06	—	+0.2%	—	16,427,100,283,000	—	Mexico	Forex
☆	38	Walmart WMT	Company	$936,984,182,784	$123.59	—	+5.7%	—	7,958,079,155	$2,771,173,787	United States	Consumer Defensive
☆	39	Advanced Micro Devices AMD	Company	$853,130,215,424	$551.50	—	+1.7%	—	1,630,600,639	$15,605,698,436	United States	Technology
☆	40	JPMorgan Chase JPM	Company	$833,033,273,344	$310.99	—	+3.4%	—	2,679,511,418	$2,439,784,657	United States	Financial Services
☆	41	Saudi riyal SARUSD=X	Currency	$766,353,039,780	$0.27	—	+0.0%	—	2,876,123,000,000	—	Saudi Arabia	Forex
☆	42	Indian rupee INRUSD=X	Currency	$765,177,150,599	$0.01	—	+0.7%	—	72,722,440,000,000	—	India	Forex
☆	43	UAE Dirham AEDUSD=X	Currency	$749,876,950,140	$0.27	—	-0.0%	—	2,754,748,000,000	—	United Arab Emirates	Forex
☆	44	Polish złoty PLNUSD=X	Currency	$743,760,981,294	$0.28	—	+0.7%	—	2,699,852,300,000	—	Poland	Forex
☆	45	Thai baht THBUSD=X	Currency	$741,355,619,343	$0.03	—	+0.7%	—	24,079,230,000,000	—	Thailand	Forex
☆	46	Vietnamese đồng VNDUSD=X	Currency	$682,069,906,139	$0.00	—	+0.1%	—	17,914,566,000,000,000	—	Vietnam	Forex
☆	47	Oracle ORCL	Company	$679,724,711,936	$236.49	—	+2.7%	—	2,876,046,000	$3,976,754,826	United States	Technology
☆	48	ASML Holding N.V ASMLF	Company	$678,331,219,968	$1,780.41	—	+2.6%	—	385,417,665	$71,216	Netherlands	Technology
☆	49	Malaysian ringgit MYRUSD=X	Currency	$648,313,098,281	$0.25	—	+0.6%	—	2,571,857,930,000	—	Malaysia	Forex
☆	50	Exxon Mobil XOM	Company	$630,197,714,944	$152.10	—	-0.3%	—	4,144,947,162	$1,378,604,436	United States	Energy
☆	51	Platinum PL=F	Commodity	$610,735,581,844	$1,899.60	—	+1.3%	—	321,507,466	—	Global	Commodities
☆	52	Visa V	Company	$608,900,284,416	$320.33	—	+2.5%	—	1,659,709,932	$1,793,429,008	United States	Financial Services
☆	53	Indonesian rupiah IDRUSD=X	Currency	$565,619,400,284	$0.00	—	+0.2%	—	10,117,800,000,000,000	—	Indonesia	Forex
☆	54	Intel INTC	Company	$561,806,245,888	$118.37	—	+5.0%	—	5,026,000,000	$8,840,995,878	United States	Technology
☆	55	Turkish lira TRYUSD=X	Currency	$559,128,422,507	$0.02	—	+0.2%	—	25,641,237,861,120	—	Turkey	Forex
☆	56	Swedish krona SEKUSD=X	Currency	$555,738,207,501	$0.11	—	+1.5%	—	5,146,525,000,000	—	Sweden	Forex
☆	57	Johnson & Johnson JNJ	Company	$549,254,660,096	$228.06	—	+2.2%	—	2,407,216,971	$1,098,223,614	United States	Healthcare
☆	58	Tencent NNN1.F	Company	$523,732,127,114	$58.26	—	—	—	9,025,439,662	$71,370	China	Communication Services
☆	59	Israeli new shekel ILSUSD=X	Currency	$523,200,517,172	$0.35	—	+1.7%	—	1,477,518,130,000	—	Israel	Forex
☆	60	Cisco Systems CSCO	Company	$512,386,498,560	$135.20	—	+6.9%	—	3,941,434,665	$3,140,277,556	United States	Technology
☆	61	Caterpillar CAT	Company	$433,177,526,272	$941.02	—	+1.6%	—	460,591,983	$2,051,114,945	United States	Industrials
☆	62	Costco Wholesale COST	Company	$431,250,800,640	$972.62	—	+1.1%	—	443,514,000	$2,141,636,294	United States	Consumer Defensive
☆	63	Mastercard MA	Company	$425,675,390,976	$481.69	—	+2.2%	—	877,036,230	$1,572,295,408	United States	Financial Services
☆	64	Lam Research LRCX	Company	$420,704,583,680	$353.09	—	+2.7%	—	1,250,571,000	$2,883,852,688	United States	Technology
☆	65	Industrial and Commercial Bank of China IDCBY	Company	$399,273,000,960	$17.15	—	+0.5%	—	4,339,702,228	$45,362	China	Financial Services
☆	66	Applied Materials AMAT	Company	$398,329,446,400	$511.01	—	+2.0%	—	793,959,430	$3,313,180,348	United States	Technology
☆	67	AbbVie ABBV	Company	$397,422,395,392	$225.00	—	+3.6%	—	1,766,792,821	$1,187,517,150	United States	Healthcare
☆	68	China Construction Bank 601939.SS	Company	$387,759,446,236	$1.48	—	-0.2%	—	21,183,061,579	$98,269,237	China	Financial Services
☆	69	Bank of America BAC	Company	$384,422,313,984	$53.98	—	+3.0%	—	7,096,590,651	$1,849,288,836	United States	Financial Services
☆	70	Chevron CVX	Company	$375,117,447,168	$188.12	—	-0.8%	—	1,991,597,732	$718,393,785	United States	Energy
☆	71	Norwegian krone NOKUSD=X	Currency	$374,194,961,334	$0.11	—	+0.2%	—	3,468,600,000,000	—	Norway	Forex
☆	72	UnitedHealth UNH	Company	$360,051,998,720	$397.19	—	+5.4%	—	908,144,404	$3,082,151,503	United States	Healthcare
☆	73	Morgan Stanley MS	Company	$344,273,977,344	$218.15	—	+3.8%	—	1,577,284,817	$937,703,813	United States	Financial Services
☆	74	Netflix NFLX	Company	$343,432,724,480	$83.70	—	+2.7%	—	4,210,798,528	$3,266,945,673	United States	Communication Services
☆	75	GE Aerospace GE	Company	$342,338,437,120	$327.62	—	+4.1%	—	1,043,337,235	$1,096,207,674	United States	Industrials
☆	76	General Electric GE.MX	Company	$341,870,880,558	$336.53	—	+6.4%	—	1,043,337,235	$29,951	United States	Industrials
☆	77	Czech koruna CZKUSD=X	Currency	$339,846,527,005	$0.05	—	+0.4%	—	7,054,533,900,000	—	Czech Republic	Forex
☆	78	Palantir Technologies PLTR	Company	$339,699,105,792	$143.20	—	+0.7%	—	2,296,071,334	$5,797,195,529	United States	Technology
☆	79	Roche RO.SW	Company	$336,689,658,267	$423.69	—	+4.1%	—	106,691,000	$8,075,992	Switzerland	Healthcare
☆	80	The Coca-Cola KO	Company	$330,516,692,992	$76.97	—	-2.3%	—	4,302,482,418	$945,320,294	United States	Consumer Defensive
☆	81	PetroChina PCCYF	Company	$330,130,980,864	$1.37	—	-6.8%	—	21,098,900,000	$2,877	China	Energy
☆	82	The Procter & Gamble PG	Company	$327,820,181,504	$140.87	—	+0.5%	—	2,328,598,978	$1,084,613,915	United States	Consumer Defensive
☆	83	Agricultural Bank of China 601288.SS	Company	$325,844,693,111	$0.93	—	-0.8%	—	319,244,210,777	$188,304,248	China	Financial Services
☆	84	The Goldman Sachs GS	Company	$322,328,068,096	$1,090.67	—	+4.8%	—	295,007,421	$2,114,817,855	United States	Financial Services
☆	85	HSBC HSBA.L	Company	$315,304,164,060	$1,827.40	—	-2.4%	—	17,148,209,505	$48,634,076,204	United Kingdom	Financial Services
☆	86	Philippine peso PHPUSD=X	Currency	$312,894,029,286	$0.02	—	+0.2%	—	19,277,402,700,000	—	Philippines	Forex
☆	87	The Home Depot HD	Company	$309,056,339,968	$310.51	—	-0.0%	—	997,116,682	$1,087,997,852	United States	Consumer Cyclical
☆	88	Alibaba 9988.HK	Company	$302,428,557,886	$15.78	—	-2.3%	—	19,193,071,958	$958,616,599	Hong Kong	Consumer Cyclical
☆	89	Merck MRK	Company	$297,021,112,320	$120.02	—	+4.6%	—	2,469,824,415	$1,815,458,166	United States	Healthcare
☆	90	South African rand ZARUSD=X	Currency	$294,749,312,988	$0.06	—	+0.5%	—	4,788,203,000,000	—	South Africa	Forex
☆	91	Danish krone DKKUSD=X	Currency	$292,933,032,188	$0.16	—	+0.5%	—	1,878,023,000,000	—	Denmark	Forex
☆	92	Novartis NOVNEE.SW	Company	$289,492,547,561	$148.65	—	+1.9%	—	—	$19,324,548	Switzerland
☆	93	International Business Machines IBM	Company	$283,629,191,168	$301.34	—	-1.4%	—	939,885,280	$2,510,450,884	United States	Technology
☆	94	AstraZeneca AZN.L	Company	$282,734,721,366	$18,268.64	—	+2.8%	—	1,550,848,083	$17,776,570,444	United Kingdom	Healthcare
☆	95	Bank of China 601988.SS	Company	$280,942,453,736	$0.87	—	-0.7%	—	238,590,135,419	$167,003,982	China	Financial Services
☆	96	Contemporary Amperex Technology 300750.SZ	Company	$279,093,398,418	$60.31	—	-4.3%	—	4,408,208,952	$2,600,486,842	China	Industrials
☆	97	KLA KLAC	Company	$278,380,314,624	$2,079.88	—	-2.1%	—	130,627,521	$1,620,742,330	United States	Technology
☆	98	Texas Instruments TXN	Company	$277,915,041,792	$323.51	—	+4.8%	—	910,092,791	$2,497,718,157	United States	Technology
☆	99	Marvell Technology MRVL	Company	$276,812,955,648	$334.58	—	+10.9%	—	874,800,000	$28,500,004,857	United States	Technology
☆	100	LVMH Moët Hennessy - Louis Vuitton, Société Européenne MC.PA	Company	$272,945,729,712	$537.00	—	—	—	494,077,227	$256,744,798	France	Consumer Cyclical

Find out more about AssetMarketCap. Read more.

The World's Assets, Ranked by Market Cap

Welcome to AssetMarketCap — the global leaderboard of wealth. We bring every major asset class together in one place and rank them by a single, comparable metric: market capitalisation. From the largest companies and the most valuable cryptocurrencies to gold, oil, national currencies and the world's real estate, we make it easy to see how the world's assets stack up against one another in real time. We take our data seriously and present it accurately, neutrally and without trying to fit any narrative.

All Your Market Data in One Place

Most data sites focus on a single market — one for stocks, another for crypto, another for commodities. We built AssetMarketCap so you don't have to browse a dozen tabs to compare them. Whether you want to know if Apple is worth more than all of the silver ever mined, how Bitcoin compares to the world's reserve currencies, or where a small-cap stock sits against a mid-cap token, the answer lives on one screen. Our goal is to democratise access to market data and give you the context to make informed decisions.

Live & Historical Prices and Charts

Prices and market caps update throughout the day, and most assets include a seven-day price sparkline so you can read recent momentum at a glance. Pro members can also travel back in time: pick any historical date and the entire leaderboard re-ranks to show how the world looked on that day. It's a powerful way to study how dominance has shifted between asset classes over the years.

How Do We Calculate Market Cap?

Market capitalisation is the total market value of an asset. The exact formula depends on the asset class, but the idea is always the same — price multiplied by the quantity in circulation:

Companies (stocks): share price × shares outstanding.
Cryptocurrencies: coin price × circulating supply.
Commodities & precious metals: spot price × estimated above-ground or available supply.
Currencies: the value of the money supply in circulation.
Real estate: the estimated aggregate value of the underlying property market.

How Are Asset Prices Determined?

We aggregate prices from many reputable exchanges, market data providers and public sources, then convert everything into your selected display currency so that every asset is directly comparable. Where multiple venues quote a price, we use representative pricing and filter out anomalous outliers so the figures you see are as fair and timely as possible.

What Is Market Capitalisation?

Market cap tells you how the market values an asset as a whole, rather than the price of a single unit — a $5 stock can easily be a bigger company than a $500 stock. It's a standardised yardstick investors rely on to gauge scale and to compare an asset against its peers. As a rough guide, assets are often grouped into tiers:

Mega- & large-cap — the established giants, typically valued in the hundreds of billions or trillions. Higher liquidity, lower relative risk.
Mid-cap — roughly $1bn–$10bn. More room to grow than the giants, but with greater volatility.
Small-cap — under $1bn. Often newer projects or companies with the highest growth potential and the highest risk.

Which tier suits you depends on your appetite for risk. Market cap is an important lens, but it's only one of many factors worth considering.

How Are Assets Ranked and Listed?

The leaderboard above is ordered by market cap — an accurate, real-time measure of each asset's overall valuation. Because we aggregate across markets rather than mirroring a single exchange, the rankings reflect the broad market rather than one venue's view. You can filter by asset class, sector, country and value range, search for any asset, and customise which columns you see using the Columns control.

How Big Is the Global Asset Market?

Taken together, the world's investable assets are worth well over a quadrillion US dollars. Real estate and equities make up the lion's share, with commodities, currencies and the fast-growing cryptocurrency market rounding out the picture. AssetMarketCap tracks tens of thousands of individual assets across these classes so you can always see the full landscape.

Asset Classes We Track

Real estate — the single largest store of global wealth.
Companies (stocks) — publicly listed equities from markets around the world.
Commodities & precious metals — gold, silver, oil and more.
Currencies (forex) — the major national and reserve currencies.
Cryptocurrencies — Bitcoin, Ethereum and thousands of digital assets.

Ready to dig deeper? Use the filters and search above to explore any market, switch your display currency from the top bar, or sign up to unlock historical time-travel and full data downloads.