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The Top 100 Most Valuable Brands in 2022

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The Top 100 Most Valuable Brands in 2022

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Given the elusive nature of brands, determining a brand’s financial value is a difficult task.

Despite a brand’s intangibility, it’s hard to deny just how effective a strong one can be at boosting a company’s bottom line.

With this in mind, Brand Finance takes on the challenge of identifying the world’s most valuable brands in the world in its annual Global 500 Report. The graphic above, using data from the latest edition of the report, highlights the top 100 most valuable brands in 2022.

Editor’s note: This ranking measures the value of brands, which can be thought of as marketing-related intangible assets that create a brand identity and reputation in the minds of consumers. It attempts to measure this in financial terms, calculating what the brand is worth to the company that owns it. For more information on methodology, calculations, and sourcing, go to the bottom of this article.

A Full Breakdown of the Most Valuable Brands

With an increase of 35% since last year’s report, Apple retains its top spot on the ranking as the world’s most valuable brand, with a total brand value of $335.1 billion.

This is the highest brand value ever recorded in the history of the Global 500 report, which has been published each year since 2007.

As one of the world’s largest tech companies, Apple dominates the smartphone market, especially in the U.S., where more than 50% of operating smartphones are now an iPhone.

Here’s a complete list of the 100 most valuable brands according to the report:

RankBrand2022 Brand Value ($B)CountrySector
1Apple$355.1United StatesTech & Services
2Amazon$350.3United StatesRetail & Consumer Goods
3Google$263.4United StatesMedia & Telecoms
4Microsoft$184.2United StatesTech & Services
5Walmart$111.9United StatesRetail & Consumer Goods
6Samsung Group$107.3South KoreaTech & Services
7Facebook$101.2United StatesMedia & Telecoms
8ICBC$75.1ChinaBanking & Insurance
9Huawei$71.2ChinaTech & Services
10Verizon$69.6United StatesMedia & Telecoms
11China Construction Bank$65.5ChinaBanking & Insurance
12Toyota$64.3JapanAutomobiles
13WeChat$62.3ChinaMedia & Telecoms
14Agricultural Bank Of China$62.0ChinaBanking & Insurance
15Mercedes-Benz$60.8GermanyAutomobiles
16State Grid$60.2ChinaEnergy & Utilities
17Deutsche Telekom$60.2GermanyMedia & Telecoms
18TikTok/Douyin$59.0ChinaMedia & Telecoms
19Disney$57.1United StatesMedia & Telecoms
20Home Depot$56.3United StatesRetail & Consumer Goods
21Ping An$54.4ChinaBanking & Insurance
22Taobao$53.8ChinaRetail & Consumer Goods
23Shell$49.9United KingdomEnergy & Utilities
24Bank of China$49.6ChinaBanking & Insurance
25Tmall$49.2ChinaRetail & Consumer Goods
26AT&T$47.0United StatesMedia & Telecoms
27Tencent$46.7ChinaMedia & Telecoms
28Tesla$46.0United StatesAutomobiles
29Starbucks$45.7United StatesFood & Bev
30Allianz Group$45.2GermanyBanking & Insurance
31Aramco$43.6Saudi ArabiaEnergy & Utilities
32Moutai$42.9ChinaFood & Bev
33Volkswagen$41.0GermanyAutomobiles
34China Mobile$40.9ChinaMedia & Telecoms
35NTT Group$40.7JapanMedia & Telecoms
36McDonald's$39.7United StatesFood & Bev
37Mitsubishi Group$39.2JapanAutomobiles
38UPS$38.5United StatesEnergy & Utilities
39BMW$37.9GermanyAutomobiles
40Costco$37.5United StatesRetail & Consumer Goods
41Bank of America$36.7United StatesBanking & Insurance
42Marlboro$36.3United StatesRetail & Consumer Goods
43accenture$36.2United StatesTech & Services
44Coca-Cola$35.4United StatesFood & Bev
45Citi$34.4United StatesBanking & Insurance
46Porsche$33.7GermanyAutomobiles
47Instagram$33.5United StatesMedia & Telecoms
48Lowe's$33.4United StatesRetail & Consumer Goods
49Nike$33.2United StatesRetail & Consumer Goods
50UnitedHealthcare$32.9United StatesHealthcare
51Xfinity$31.3United StatesMedia & Telecoms
52Chase$30.1United StatesBanking & Insurance
53Wells Fargo$30.1United StatesBanking & Insurance
54Deloitte$29.8United StatesTech & Services
55PetroChina$29.7ChinaEnergy & Utilities
56Netflix$29.4United StatesMedia & Telecoms
57Oracle$29.1United StatesTech & Services
58JP Morgan$28.9United StatesBanking & Insurance
59Wuliangye$28.7ChinaFood & Bev
60Target$28.3United StatesRetail & Consumer Goods
61Honda$28.2JapanAutomobiles
62CSCEC$27.4ChinaEnergy & Utilities
63American Express$27.2United StatesBanking & Insurance
64JD.com$27.2ChinaRetail & Consumer Goods
65VISA$27.1United StatesBanking & Insurance
66Cisco$26.6United StatesTech & Services
67CVS$26.2United StatesRetail & Consumer Goods
68FedEx$26.0United StatesEnergy & Utilities
69Intel$25.6United StatesTech & Services
70Sinopec$25.2ChinaEnergy & Utilities
71Sumitomo Group$25.1JapanTech & Services
72Hyundai Group$25.0South KoreaAutomobiles
73SK Group$24.4South KoreaMedia & Telecoms
74China Merchants Bank$24.4ChinaBanking & Insurance
75Mitsui$24.3JapanEnergy & Utilities
76Ford$24.2United StatesAutomobiles
77Spectrum$24.1United StatesMedia & Telecoms
78TATA Group$23.9IndiaEnergy & Utilities
79YouTube$23.9United StatesMedia & Telecoms
80China Life$23.9ChinaBanking & Insurance
81Louis Vuitton$23.4FranceRetail & Consumer Goods
82EY$23.2United KingdomTech & Services
83PWC$23.2United StatesTech & Services
84Alibaba.com$22.8ChinaRetail & Consumer Goods
85Uber$22.8United StatesTech & Services
86Siemens Group$22.4GermanyEnergy & Utilities
87Dell Technologies$22.2United StatesTech & Services
88Mastercard$21.4United StatesTech & Services
89IBM$21.4United StatesTech & Services
90Nestlé$20.8SwitzerlandFood & Bev
91LG Group$20.8South KoreaTech & Services
92Pepsi$20.7United StatesFood & Bev
93TSMC$20.5TaiwanTech & Services
94Sony$19.8JapanTech & Services
95General Electric$19.7United StatesEnergy & Utilities
96CRCC$19.7ChinaEnergy & Utilities
97Walgreens$19.7United StatesRetail & Consumer Goods
98Vodafone$19.5United KingdomMedia & Telecoms
99Aldi$19.2GermanyRetail & Consumer Goods
100RBC$19.0CanadaBanking & Insurance

After Apple, coming in a close second is Amazon with a brand value of $350.3 billion. This is not surprising, considering the tech giant has often found itself neck-and-neck with Apple in the rankings, and has even come in first place in previous editions of the report.

One other brand worth highlighting is TikTok. The social media company saw a 215% increase in its brand value year-over-year, making it the fastest-growing brand on the entire list.

Between 2019 and 2021, the platform saw its userbase skyrocket, growing from 291.4 million to 655.9 million in just two years. If this growth continues, TikTok could reach nearly one billion users by 2025, according to projections from Insider Intelligence.

Most Valuable Sectors

Over a third of the brands on the list fall into the tech and services sector. Combined, this category has a brand value of $2.0 trillion.

SectorBrand Value% of Top 100
Tech & Services$2.0 trillion36.8%
Media & Telecoms$1.0 trillion19.2%
Retail & Consumer Goods$910 billion16.8%
Banking & Insurance$634 billion11.7%
Energy & Utilities$411 billion7.6%
Automobiles$400 billion7.4%
Healthcare$33 billion0.6%

Media is the second most valuable sector—19% of the top 100 brands fall under the media and telecoms sector, including Google, Facebook, and WeChat.

COVID-19 is partly the reason for this, as media consumption increased throughout the global pandemic. For example, in the first nine months of 2021, Snapchat’s daily usage grew by 77%. Despite increased traction with users, it’s worth noting the company is now feeling the sting as the real world competes for attention spans once again and advertisers begin to ghost the app due to recession jitters.

As pandemic restrictions fade out around the world, and murmurs of a global recession threaten global economic growth, next year’s report could see some big shifts in brand value.

The Geography of Valuable Brands

When looking at where these brands are based, we see that the United States and China account for 73 of the top 100 brands on the ranking. Even more surprising—just six countries make up 94% of the list.

The growth of Chinese companies on the global stage is reflected in this visualization. As a point of comparison, a decade ago, only six Chinese companies made Brand Finance’s Top 100 ranking, and none of them were in the top 30 for brand value.

most valuable brands by country

Interestingly, European countries only make up 14% of the list, which is a testament to just how much Europe’s economic dominance has dwindled over the last few decades.

Back in the 1960s, Europe accounted for nearly a third of the world’s total GDP. But by 2017, it had dropped down to 16%. According to a forecast by the Pardee Center of the University of Denver, the EU’s share of global GDP is expected to drop down to 10% by 2100.

Of course, if history has taught us anything, it’s that a lot can change over the span of a century. How a ranking like this will look in coming decades is anyone’s guess.

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? In simple terms, 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 94 and 99 of the report to view the full explanation of the methodology.

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Markets

The European Stock Market: Attractive Valuations Offer Opportunities

On average, the European stock market has valuations that are nearly 50% lower than U.S. valuations. But how can you access the market?

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Bar chart showing that European stock market indices tend to have lower or comparable valuations to other regions.

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The following content is sponsored by STOXX

European Stock Market: Attractive Valuations Offer Opportunities

Europe is known for some established brands, from L’Oréal to Louis Vuitton. However, the European stock market offers additional opportunities that may be lesser known.

The above infographic, sponsored by STOXX, outlines why investors may want to consider European stocks.

Attractive Valuations

Compared to most North American and Asian markets, European stocks offer lower or comparable valuations.

IndexPrice-to-Earnings RatioPrice-to-Book Ratio
EURO STOXX 5014.92.2
STOXX Europe 60014.42
U.S.25.94.7
Canada16.11.8
Japan15.41.6
Asia Pacific ex. China17.11.8

Data as of February 29, 2024. See graphic for full index names. Ratios based on trailing 12 month financials. The price to earnings ratio excludes companies with negative earnings.

On average, European valuations are nearly 50% lower than U.S. valuations, potentially offering an affordable entry point for investors.

Research also shows that lower price ratios have historically led to higher long-term returns.

Market Movements Not Closely Connected

Over the last decade, the European stock market had low-to-moderate correlation with North American and Asian equities.

The below chart shows correlations from February 2014 to February 2024. A value closer to zero indicates low correlation, while a value of one would indicate that two regions are moving in perfect unison.

EURO
STOXX 50
STOXX
EUROPE 600
U.S.CanadaJapanAsia Pacific
ex. China
EURO STOXX 501.000.970.550.670.240.43
STOXX EUROPE 6001.000.560.710.280.48
U.S.1.000.730.120.25
Canada1.000.220.40
Japan1.000.88
Asia Pacific ex. China1.00

Data is based on daily USD returns.

European equities had relatively independent market movements from North American and Asian markets. One contributing factor could be the differing sector weights in each market. For instance, technology makes up a quarter of the U.S. market, but health care and industrials dominate the broader European market.

Ultimately, European equities can enhance portfolio diversification and have the potential to mitigate risk for investors

Tracking the Market

For investors interested in European equities, STOXX offers a variety of flagship indices:

IndexDescriptionMarket Cap 
STOXX Europe 600Pan-regional, broad market€10.5T
STOXX Developed EuropePan-regional, broad-market€9.9T
STOXX Europe 600 ESG-XPan-regional, broad market, sustainability focus€9.7T
STOXX Europe 50Pan-regional, blue-chip€5.1T
EURO STOXX 50Eurozone, blue-chip€3.5T

Data is as of February 29, 2024. Market cap is free float, which represents the shares that are readily available for public trading on stock exchanges.

The EURO STOXX 50 tracks the Eurozone’s biggest and most traded companies. It also underlies one of the world’s largest ranges of ETFs and mutual funds. As of November 2023, there were €27.3 billion in ETFs and €23.5B in mutual fund assets under management tracking the index.

“For the past 25 years, the EURO STOXX 50 has served as an accurate, reliable and tradable representation of the Eurozone equity market.”

— Axel Lomholt, General Manager at STOXX

Partnering with STOXX to Track the European Stock Market

Are you interested in European equities? STOXX can be a valuable partner:

  • Comprehensive, liquid and investable ecosystem
  • European heritage, global reach
  • Highly sophisticated customization capabilities
  • Open architecture approach to using data
  • Close partnerships with clients
  • Part of ISS STOXX and Deutsche Börse Group

With a full suite of indices, STOXX can help you benchmark against the European stock market.

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Learn how STOXX’s European indices offer liquid and effective market access.

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