Year end numbers for 2013 | Taking Stock
The Puget Sound region is home to two of the most valuable companies in the world at year end 2013.
Microsoft was worth $312 billion in market capitalization on Dec. 31. Amazon.com was worth almost $183 billion.
Market capitalization is measured by multiplying the value of one share of stock by the total number of shares outstanding.
Obviously, a company that is worth hundreds of billions of dollars is big, but compared to what? Microsoft at more than $300 billion is in the top 10 in the world according to Forbes Magazine.
Every year Forbes does a list called the Global 2000, ranking the 2,000 biggest companies in the world by various measures.
When Forbes did the last list in April there were only 60 companies in the world with a market capitalization of $100 billion or more and only two with a market capitalization of $300 billion or more.
World values increased in the second half of 2013, but Microsoft's value probably puts it in the top 5 companies in the world. Microsoft was No. 10 in April, but has since passed six companies and is, I believe, behind only Apple, Google and Exxon now.
Amazon.com was No. 41 in world in April, but has passed many companies and is certainly in the top 30 or so now.
Ten companies, all in King County, were on the Forbes list of the top 2,000 companies.
Twenty-nine Washington Companies have a market value of $1 billion or more. Of those, 21 companies are located in King County, five in Spokane County, two in Pierce County, and one in Snohomish County.
Canyon Park-based Seattle Genetics is the most valuable company in Washington, outside of King County, with a market value of $4.9 billion.
Six Washington companies have a market capitalization of $20 billion or more. The other four are Starbucks at $59 billion, Costco at $52.3 billion, T-Mobile US at $24.5 billion, and PACCAR at $20.9 billion.
The total market capitalization of Washington companies is now at $760 billion.
I will be glad to send the spreadsheet with the raw numbers to anyone who would like it. Email me at Tim@abarim.com.
Tim Raetzloff, who operates Abarim Business Computers at Harbor Square in Edmonds, evaluates Puget Sound business activity in his regular column in the Beacon. In the interests of full disclosure he says, “Neither I nor Abarim have any interest in or conflict with any company mentioned in this column.”