Michelin (ML.PA) - Market capitalization

Market cap: NZ$46.71 Billion

As of September 2024 Michelin has a market cap of NZ$46.71 Billion. This makes Michelin the world's 706th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Michelin from 2003 to 2024

End of year Market Cap

Year	Market cap	Change
2024	NZ$46.71 B	15.5%
2023	NZ$40.44 B	29.82%
2022	NZ$31.15 B	-27.13%
2021	NZ$42.75 B	34.39%
2020	NZ$31.81 B	-1.93%
2019	NZ$32.43 B	21.87%
2018	NZ$26.61 B	-26.68%
2017	NZ$36.30 B	24.87%
2016	NZ$29.07 B	13.86%
2015	NZ$25.53 B	17.7%
2014	NZ$21.69 B	-10.13%
2013	NZ$24.13 B	14.56%
2012	NZ$21.06 B	54.81%
2011	NZ$13.61 B	-16.89%
2010	NZ$16.37 B	4.4%
2009	NZ$15.68 B	17.74%
2008	NZ$13.32 B	-38.23%
2007	NZ$21.56 B	11.02%
2006	NZ$19.42 B	64.65%
2005	NZ$11.79 B	-17.7%
2004	NZ$14.33 B	43.03%
2003	NZ$10.02 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Michelin (ML.PA)

Market cap: NZ$46.71 Billion