Published on 9 Dec 2023 on Insider Monkey via Yahoo Finance

25 Most Valuable European Companies Heading into 2024

In this article, we will be taking a look at the 25 most valuable European companies heading into 2024. To skip our detailed analysis, you can go directly to see the 5 most valuable European companies heading into 2024.

Europe is considered to be the most advanced region in the world, especially in terms of standard of living, and you will find European nations dominating the list of countries with the highest standard of living in 2023. This is because of the fact that European laws focus more on consumer rights as opposed to corporations, unlike the U.S., where capitalism ensures that corporations can grow unfettered. This is why the most valuable company in the world, Apple, is worth more than 5 times the most valuable European company heading into 2024. This also increases the potential of such stocks being undervalued, and you can learn more by visiting the most undervalued European stocks to buy now.

Despite these successes and advancements, Europe was particularly hit hard by the economic slowdown in 2022, and a recession was widely expected in 2023, However, according to the International Monetary Fund, while inflation is expected to remain moderate in Europe, modest growth is expected in the region in 2023 and a growth rate of 1.3% is expected, though it's still much lower than the 2022 growth rate of 2.7%. Higher growth rates are expected from Emerging European Economies which will see their growth climb from 1% in 2023 to 3% in 2024, and are extremely important contributors to European growth as the traditional powerhouses and economic giants will continue to see much lower, stable growth rates.