| 1 | ASML Holding N.V. | Netherlands | Semiconductor Equipment | $320.5 Billion |
| 2 | LVMH Moët Hennessy Louis Vuitton | France | Luxury Goods | $285.4 Billion |
| 3 | Hermès International | France | Luxury Goods | $251.2 Billion |
| 4 | L’Oréal S.A. | France | Personal Care & Cosmetics | $228.6 Billion |
| 5 | Shell plc | Netherlands / UK | Oil & Gas Integrated | $215.3 Billion |
| 6 | TotalEnergies SE | France | Oil & Gas Integrated | $185.2 Billion |
| 7 | Schneider Electric SE | France | Electrical Equipment & Automation | $178.4 Billion |
| 8 | Airbus SE | France / Netherlands | Aerospace & Defense | $172.1 Billion |
| 9 | Safran S.A. | France | Aerospace & Defense | $154.8 Billion |
| 10 | Air Liquide S.A. | France | Specialty Chemicals | $120.3 Billion |
| 11 | BNP Paribas S.A. | France | Banking & Financial Services | $120.1 Billion |
| 12 | Anheuser-Busch InBev SA/NV | Belgium | Beverages & Brewing | $118.5 Billion |
| 13 | Sanofi S.A. | France | Pharmaceuticals | $108.7 Billion |
| 14 | AXA S.A. | France | Insurance & Asset Management | $101.4 Billion |
| 15 | EssilorLuxottica SA | France | Medical Instruments & Eyewear | $93.6 Billion |
| 16 | Equinor ASA | Norway | Oil & Gas Integrated | $88.2 Billion |
| 17 | Prosus N.V. | Netherlands | Consumer Internet & Technology | $85.4 Billion |
| 18 | Vinci S.A. | France | Construction & Engineering | $78.9 Billion |
| 19 | Christian Dior SE | France | Luxury Goods | $76.2 Billion |
| 20 | ING Groep N.V. | Netherlands | Banking & Financial Services | $72.5 Billion |
| 21 | Engie S.A. | France | Utilities & Renewable Energy | $71.8 Billion |
| 22 | Crédit Agricole S.A. | France | Banking & Financial Services | $68.4 Billion |
| 23 | ASM International N.V. | Netherlands | Semiconductor Equipment | $58.3 Billion |
| 24 | Thales Group | France | Aerospace, Defense & Security | $56.2 Billion |
| 25 | Société Générale S.A. | France | Banking & Financial Services | $55.8 Billion |
| 26 | Danone S.A. | France | Packaged Foods | $52.1 Billion |
| 27 | STMicroelectronics N.V. | Switzerland / France | Semiconductors | $48.5 Billion |
| 28 | Saint-Gobain S.A. | France | Building Materials | $46.2 Billion |
| 29 | Argenx SE | Belgium | Biotechnology & Pharmaceuticals | $45.8 Billion |
| 30 | Orange S.A. | France | Telecommunications | $44.3 Billion |
| 31 | Kering S.A. | France | Luxury Goods | $42.1 Billion |
| 32 | Legrand S.A. | France | Electrical Equipment | $41.0 Billion |
| 33 | Stellantis N.V. | Netherlands / Italy | Auto Manufacturers | $39.5 Billion |
| 34 | Wolters Kluwer N.V. | Netherlands | Professional Information Services | $38.7 Billion |
| 35 | Dassault Systèmes SE | France | Software & Computer Services | $38.2 Billion |
| 36 | Ahold Delhaize N.V. | Netherlands | Food Retail & Supermarkets | $37.4 Billion |
| 37 | RELX PLC | Netherlands / UK | Media & Data Analytics | $36.8 Billion |
| 38 | Veolia Environnement S.A. | France | Environmental Services & Utilities | $35.1 Billion |
| 39 | Publicis Groupe S.A. | France | Advertising & Communications | $33.6 Billion |
| 40 | Michelin | France | Auto Parts & Tires | $32.4 Billion |
| 41 | Universal Music Group N.V. | Netherlands | Music & Entertainment | $31.8 Billion |
| 42 | Heineken N.V. | Netherlands | Beverages & Brewing | $31.2 Billion |
| 43 | DNB Bank ASA | Norway | Banking & Financial Services | $30.5 Billion |
| 44 | Adyen N.V. | Netherlands | Financial Technology & Payments | $29.8 Billion |
| 45 | KBC Group NV | Belgium | Banking & Financial Services | $28.6 Billion |
| 46 | Prysmian S.p.A. | Italy | Industrial Cables & Systems | $27.9 Billion |
| 47 | UniCredit S.p.A. | Italy | Banking & Financial Services | $27.4 Billion |
| 48 | Intesa Sanpaolo S.p.A. | Italy | Banking & Financial Services | $26.8 Billion |
| 49 | Dassault Aviation SA | France | Aerospace & Defense | $26.1 Billion |
| 50 | Enel S.p.A. | Italy | Electricity Utilities | $25.7 Billion |
| 51 | UCB S.A. | Belgium | Biopharmaceuticals | $25.2 Billion |
| 52 | Eni S.p.A. | Italy | Oil & Gas Integrated | $24.8 Billion |
| 53 | Pernod Ricard S.A. | France | Beverages & Spirits | $24.1 Billion |
| 54 | Ferrari N.V. | Italy / Netherlands | Luxury Auto Manufacturers | $23.6 Billion |
| 55 | Koninklijke Philips N.V. | Netherlands | Healthcare Technology | $23.1 Billion |
| 56 | ArcelorMittal S.A. | Netherlands / Luxembourg | Steel & Mining | $22.7 Billion |
| 57 | Capgemini SE | France | IT Services & Consulting | $22.3 Billion |
| 58 | Bureau Veritas SA | France | Testing, Inspection & Certification | $21.8 Billion |
| 59 | DSM-Firmenich AG | Netherlands / Switzerland | Health, Nutrition & Bioscience | $21.2 Billion |
| 60 | Kongsberg Gruppen ASA | Norway | Defense & Maritime Technology | $20.6 Billion |
| 61 | Aker BP ASA | Norway | Oil & Gas Exploration | $20.1 Billion |
| 62 | EDP – Energias de Portugal | Portugal | Renewable Energy & Utilities | $19.8 Billion |
| 63 | Eiffage S.A. | France | Construction & Materials | $19.4 Billion |
| 64 | Bouygues S.A. | France | Diversified Conglomerate | $18.9 Billion |
| 65 | Tenaris S.A. | Italy / Luxembourg | Industrial Steel Pipes | $18.5 Billion |
| 66 | Eurofins Scientific SE | France | Bioanalytical Testing Services | $17.8 Billion |
| 67 | Kingspan Group plc | Ireland | Building Materials | $17.3 Billion |
| 68 | Ryanair Holdings plc | Ireland | Airline & Transportation | $16.9 Billion |
| 69 | Moncler S.p.A. | Italy | Apparel & Luxury Goods | $16.4 Billion |
| 70 | Kerry Group plc | Ireland | Food Ingredients | $15.8 Billion |
| 71 | Galp Energia, SGPS, S.A. | Portugal | Oil & Gas | $15.5 Billion |
| 72 | Jerónimo Martins, SGPS | Portugal | Food Retail | $15.1 Billion |
| 73 | Mowi ASA | Norway | Aquaculture & Seafood | $14.8 Billion |
| 74 | Aéroports de Paris (ADP) | France | Airport Operations | $14.2 Billion |
| 75 | BE Semiconductor Industries N.V. | Netherlands | Semiconductor Equipment | $13.9 Billion |
| 76 | Accor S.A. | France | Hospitality & Hotels | $13.5 Billion |
| 77 | Ageas SA/NV | Belgium | Insurance | $13.1 Billion |
| 78 | Euronext N.V. | Netherlands | Financial Exchanges & Data | $12.8 Billion |
| 79 | Leonardo S.p.A. | Italy | Aerospace & Defense | $12.5 Billion |
| 80 | Norsk Hydro ASA | Norway | Aluminum & Renewable Energy | $12.2 Billion |
| 81 | EDP Renováveis S.A. | Portugal | Renewable Energy | $11.9 Billion |
| 82 | Carrefour S.A. | France | Food Retail | $11.6 Billion |
| 83 | Unibail-Rodamco-Westfield | France | Real Estate Investment Trust | $11.3 Billion |
| 84 | KPN N.V. | Netherlands | Telecommunications | $11.1 Billion |
| 85 | Telenor ASA | Norway | Telecommunications | $10.8 Billion |
| 86 | AIB Group plc | Ireland | Banking & Financial Services | $10.6 Billion |
| 87 | Bank of Ireland Group plc | Ireland | Banking & Financial Services | $10.4 Billion |
| 88 | NN Group N.V. | Netherlands | Insurance & Asset Management | $10.2 Billion |
| 89 | Alstom S.A. | France | Rail Transportation Equipment | $10.1 Billion |
| 90 | Ipsen S.A. | France | Biopharmaceuticals | $9.8 Billion |
| 91 | Yara International ASA | Norway | Chemicals & Fertilizers | $9.5 Billion |
| 92 | Groupe Bruxelles Lambert (GBL) | Belgium | Holding Company & Investments | $9.3 Billion |
| 93 | D’Ieteren Group | Belgium | Auto Services & Distribution | $9.1 Billion |
| 94 | Poste Italiane S.p.A. | Italy | Postal & Financial Services | $8.9 Billion |
| 95 | ABN AMRO Bank N.V. | Netherlands | Banking & Financial Services | $8.7 Billion |
| 96 | Exor N.V. | Netherlands | Diversified Holding Company | $8.5 Billion |
| 97 | BPER Banca S.p.A. | Italy | Banking & Financial Services | $8.3 Billion |
| 98 | ASR Nederland N.V. | Netherlands | Insurance | $8.1 Billion |
| 99 | FinecoBank S.p.A. | Italy | Banking & FinTech | $7.9 Billion |
| 100 | Elia Group SA/NV | Belgium | Electricity Transmission | $7.8 Billion |
