SM Investments Corp. leads Philippine firms in the Forbes 2021 Global 2000, the 19th annual ranking of the world’s largest public companies. Only six Philippine companies made it to the list.
SM Investments has the biggest market value ($24.3 billion) while BDO Unibank Inc. is the most profitable ($569.5 million) among Philippine firms.
SM Investments ranked No. 877 while BDO ranked No. 1,159 in the global list.
The Forbes Global 2000 list measures the world’s largest public companies in terms of four equally weighted metrics: assets, market value, sales and profits.
According to Forbes, the 2,000 companies on the list offered a glimpse into the early economic implications of the COVID-19 pandemic. These companies saw their collective market capitalization surge 47 percent to $79.8 trillion, while their collective revenues slipped 6 percent to $39.8 trillion and profits fell 24 percent to $2.5 trillion. Despite sales and profits to be down for the Forbes Global 2000 companies, total assets and market value were up.
Globally, the Forbes Global 2000 list is dominated by Industrial & Commercial Bank of China (No. 1), followed by JP Morgan Chase & Co, Berkshire Hathaway, China Construction Bank and Saudi Aramco.