The following are the largest companies in the Philippines in terms of market capitalization as of January 15, 2024.
- SM Investments Corporation – P1.1 Trillion
- SM Prime Holdings, Inc. – P968 Billion
- BDO Unibank, Inc. – P732 Billion
- Bank of the Philippine Islands – P562 Billion
- Ayala Land, Inc. – P508 Billion
- International Container Terminal Services, Inc. – P499 Billion
- Manila Electric Company – P428 Billion
- Ayala Corporation – P421 Billion
- Emperador Inc. – P328 Billion
- JG Summit Holdings, Inc. – P302 Billion
- Jollibee Foods Corporation – P296 Billion
- San Miguel Corporation – P288 Billion
- PLDT Inc. – P278 Billion
- Aboitiz Equity Ventures, Inc. – P273 Billion
- Universal Robina Corporation – P264 Billion
- Metropolitan Bank & Trust Company – P258 Billion
- Globe Telecom, Inc. – P246 Billion
- ACEN Corporation – P171 Billion
- Monde Nissin Corporation – P151 Billion
- DMCI Holdings, Inc. – P133.8 Billion
- GT Capital Holdings, Inc. – P133.04 Billion
- Semirara Mining and Power Corporation – P132 Billion
- Century Pacific Food, Inc. – P119 Billion
- Bloomberry Resorts Corporation – P113 Billion
- Alliance Global Group, Inc. – P103 Billion
- LT Group, Inc. – P97 Billion
- Wilcon Depot, Inc. – P95 Billion
- Puregold Price Club, Inc. – P82 Billion
- Nickel Asia Corporation – P69 Billion
- Converge ICT Solutions, Inc. – P68 Billion
1. SM Investments Corporation (SM)
In terms of market capitalization, SM Investments Corp. is the biggest corporation in the Philippines. The enormous company, which is valued at over P1.1 trillion, also controls SM Prime Holdings and BDO, two of the nation’s most well-known corporations. The retail, real estate, banking, and portfolio investment sectors provide revenue for SM.
2. SM Prime Holdings, Inc. (SMPH)
The largest real estate corporation in the Philippines is called SM Prime Holdings. It is the SM group of companies’ property division. SMPH makes money via its hotels, convention centers, commercial buildings, residential properties, and malls. In 2023, SMPH declared a consolidated net income of P30.13 billion for nine months.
3. BDO Unibank, Inc. (BDO)
The biggest bank in the Philippines is BDO Unibank. It is also owned by the SM group. In the third quarter of 2023, BDO reported P4.1 trillion in total assets and P3.4 billion in deposits. It has 1,700 bank locations, including overseas locations in Singapore and Hong Kong.
4. Bank of the Philippine Islands (BPI)
The banking division of the Ayala group of enterprises is called BPI. Since its establishment in 1851, BPI has demonstrated its durability with a market valuation of more than P562 billion. Being the first bank in both the nation and Southeast Asia makes BPI proud. It has representative offices in Tokyo, Hong Kong, and Dubai in addition to a network of 1,173 banks.
5. Ayala Land, Inc. (ALI)
The Philippines’ second-largest developer of real estate is Ayala Land. Its portfolio includes a variety of residential, commercial, office, retail, and hotel properties as well as resorts. Its overall income in the first nine months of 2023 increased by 15% to P98.9 billion. It also reported a noteworthy 38% increase in net income (P18.4 billion) in the first nine months of 2023.
6. International Container Terminal Services, Inc. (ICT)
Established in 1987, International Container Terminal Services is currently one of the Philippines’ fastest-growing corporations. ICT creates bridges both domestically and internationally. As of the now, it operates 33 terminals in 19 nations on six continents. ICT’s market value is more over P499 billion.
7. Manila Electric Company (MER)
The largest and oldest electric power distribution company in the Philippines is Manila Electric Company, or Meralco. It opened for business in 1903. It supplies electricity to 7.75 million users. Meralco’s consolidated core net income for the first nine months of 2023 came to P30 billion.
8. Ayala Corporation (AC)
One of the most robust and successful holding companies in the Philippines is Ayala Corporation. Ayala Land, BPI, Globe, and ACEN, four of its subsidiaries, are some of the most well-known businesses in the nation. Ayala Corp., the oldest conglomerate, currently has assets worth over P1.3 trillion.
9. Emperador Inc. (EMI)
One of the leading holding corporations in the Philippines, Emperador Inc. produces, bottles, and distributes drinks from both Europe and the Philippines. After EMI acquired well-known brands Whyte and Mackay as well as Bodegas Fundador, the company expanded globally. Listed among the top stocks on the Philippine Stock Exchange is Emperador.
10. JG Summit Holdings, Inc. (JGS)
The enormous corporation John I. Gokongwei Jr. built is called JG Summit Holdings. Major investments held by JG Summit are in a number of prosperous companies, such as PLDT, Singapore Land Group, Robinsons Land Corp., DHL Summit Solutions, Cebu Air (formerly Cebu Pacific), Universal Robina Corp., and Meralco.
11. Jollibee Foods Corporation (JFC)
In 1975, Dr. Tony Tan Caktiong started the massive food business Jollibee. In addition to the well-known fast-food chain Jollibee in the Philippines, JFC owns a sizable portion of popular eateries like Chowking, Mang Inasal, Greenwich, and Red Ribbon. In addition, Jollibee signed a joint venture to grow Dunkin’ in China and currently owns the Burger King franchise in the Philippines.
12. San Miguel Corporation (SMC)
Founded in 1890, San Miguel Corp. is the maker of the well-known beer brands Red Horse, San Mig Light, and San Miguel Pale Pilsen. The diverse business portfolio of SMC includes companies in the food and beverage, power, gasoline and oil, and infrastructure sectors.
13. PLDT Inc. (TEL)
In the Philippines, PLDT is the biggest and most established diversified telecommunications firm. Since its founding in 1928, it has enabled and connected Filipinos worldwide through digital means. According to the Philippine Stock Exchange Index, PLDT is one of the leading blue-chip businesses.
14. Aboitiz Equity Ventures, Inc. (AEV)
The modest start of Aboitiz Equity Ventures can be traced back to the 1800s. With a history spanning more than 200 years, it developed its operations and is currently ranked among the Philippines’ leading holding firms. Aboitiz Equity Ventures is a leading investor in banking, financial services, land, electricity, and infrastructure. It is now creating the first techglomerate in the Philippines.
15. Universal Robina Corporation (URC)
The leading snack food manufacturer in the Philippines is URC. URC, which was established in 1954, holds a prominent market position in the ASEAN area. Popular brands from URC include Blend 45, Piattos, Maxx, Cloud 9, Chippy, Nova, Nips, Cream-O, C2, and Chiz Curls.
16. Metropolitan Bank & Trust Company (MBT)
Since its founding in 1962, Metrobank has grown to rank among the nation’s top universal banks. Metrobank has firmly remained one of the leading financial institutions in the Philippines, with over 940 branches. In 2023’s first nine months, Metrobank reported P23.4 billion in net income, a 36% increase over the previous year.
17. Globe Telecom, Inc. (GLO)
Ayala Corporation has a sizable telco company called Globe Telecom. Globe and PLDT are in a direct competition for the title of greatest telecommunications company in the Philippines, with a market capitalization of over P246 billion. By the end of September 2023, Globe had over 54.7 million members and P83.2 billion in mobile revenue.
18. ACEN Corporation (ACEN)
ACEN is a prominent energy platform business that the Ayala Group founded. ACEN is currently one of the most valuable publicly traded firms on the Philippine Stock Exchange, with a market capitalization of P171 billion. By 2030, ACEN wants to be the biggest listed renewable platform in Southeast Asia.
19. Monde Nissin Corporation (MONDE)
With well-known brands like Lucky Me, Sky Flakes, Fita, M.Y. San Grahams, Quorn, Cauldron, Monde, and Nissin, Monde Nissin is a multinational food and beverage corporation. The market value of the person who invented the well-known pancit canton is more over P151 billion.
20. DMCI Holdings, Inc. (DMC)
David M. Consunji formed DMCI Holdings in 1954. It is currently among the biggest building and infrastructure firms in the Philippines. It holds a sizable position in both Maynilad Water Holdings Company and Semirara Mining Corporation. The businesses of DMCI Holdings include water delivery, nickel mining, off-grid power, integrated energy, and real estate.
21. GT Capital Holdings, Inc. (GTCAP)
With holdings in banking, automobiles, real estate, insurance, microlending, infrastructure, and utilities, GT Capital Holdings is a diversified business. Federal Land, Metro Pacific Investments, and Metrobank all have significant holdings from GT Cap. Additionally, it has joint ventured with the AXA group and Toyota Motor Corp.
22. Semirara Mining and Power Corporation (SCC)
The biggest coal mining company in the Philippines is called Semirara Mining and Power Corp. The company’s power production and thermal coal extraction are its main sources of revenue. One of the components of the PSE index, which serves as a barometer for the Philippine stock market, is Semirara.
23. Century Pacific Food, Inc. (CNPF)
Founded in 1978, Century Pacific Food is a massive, well-known food company in the Philippines. Among its well-known brands are unMeat, Coco Mama, Vita Coco, Century Tuna, Birch Tree, 555, Blue Bay Tuna, Argentina, Hunt’s, and many more.
24. Bloomberry Resorts Corporation (BLOOM)
In the Philippines, Bloomberry is a well-known developer and operator of resorts. It owns both Solaire Korea Company and Solaire, a well-known upscale hotel and gaming destination in the nation. Additionally, Bloomberry is the owner of the soon-to-open Solaire Resort North and the Jeju Sun Hotel on Jeju Island, Korea.
25. Alliance Global Group, Inc. (AGI)
Among the leading corporations in the Philippines, Alliance Global Group is involved in real estate, food and beverage, infrastructure development, tourism and entertainment, and gaming. Megaworld, McDonald’s in the Philippines, Emperador, Travellers International, and Infracorp Development are a few of its subsidiaries.
26. LT Group, Inc. (LTG)
Lucio Tan’s group of firms is called LT Group. Top-tier businesses such as Asia Brewery, Eton Properties, Tanduay Distillers, Philippine National Bank (PNB), and PMFTC (Philip Morris Philippines Manufacturing Inc. and Fortune Tobacco Corp.) are included in its broad portfolio.
27. Wilcon Depot, Inc. (WLCON)
The Philippines has Wilcon Depot, if the US has Home Depot. The greatest retailer of building and home improvement products in the nation is Wilcon Depot. Currently ranked among the top dividend-paying stocks in the Philippines, Wilcon generated P2.726 billion in net income over the last nine months.
28. Puregold Price Club, Inc. (PGOLD)
The biggest grocery chain in the Philippines is called Puregold Price Club. It is also the owner of S&R Membership Shops. In all, Puregold has 558 outlets around the Philippines. The massive retail chain’s net profits for the first nine months of 2023 was P6.6 billion.
29. Nickel Asia Corporation (NIKL)
Nickel Asia is a prominent mining company in the Philippines and the country’s leading producer of nickel ore. The business distributes dividends to its investors. Its market capitalization is P69 billion.
30. Converge ICT Solutions, Inc. (CNVRG)
The Philippines’ information technology business with the quickest rate of growth is Converge. Although it made its initial public offering on October 26, 2020, on August 16, 2021, it became one of the Philippine Stock Exchange Index’s (PSEI) top blue-chip stocks. Converge is included in both the ASEAN Stars Index and the FTSE Global Equity Index Series.