Webranking by Comprend ranks the largest companies in Europe based on market capitalization. We base our selection on the STOXX 600 Europe list, from which we pick the 500 largest companies to rank. STOXX also serve as the basis for our Global 100 list. We rank additional companies in selected markets and they too are based on market capitalization.
We publish country specific lists in some countries, like the Nordics. Here additional companies are added because of the general demand. For example, in Sweden we rank and publish a list of the 100 largest companies in the country while only a few of these are represented on the Europe 500 list.
Our ranking was previously based on a list of companies presented yearly by the Financial Times. We started using this list in 2001 i.e. the same year that we began ranking European companies. In 2015, the Financial Times stopped publishing its list and so, consequently, STOXX has served as our basis for selection of companies since 2016.
The Stoxx Europe 600 Index consist of a fixed number of 600 capitalization companies, based in 17 countries across Europe; Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. These countries have been chosen in accordance with the International Monetary Fund’s classification of advanced and developed countries which takes a broad number of quantitative as well as qualitative factors into account. Countries not classified as “advanced” are eligible for STOXX if they have a market capitalization that exceeds USD 15 billion. In that case, they are classified as either “developed” or “emerging” markets and to remain as such, they need to have at least $10 Billion USD in trade volume.
We have attempted to use distinctions of country allocations that are similar to the ones previously used by the Financial Times. As such, incorporation and markets listing tend to be the most prominent factors when allocating a company to a country, although this is not always the case. We have taken factors such as location of head office and contact details for Investor Relations and Press officials into account when deciding company allocation in cases where a company is connected to several countries.