When it comes to investing, the word ‘expensive’ has different meanings. A stock is said to be expensive when the share’s price relative to its earnings is high compared to its actual value. While even some penny stocks can be considered expensive due to a high price-to-earnings (P/E) ratio, some investors are intrigued by the high price of the stocks. Though the price of the stock doesn’t reflect its true value, we have curated a list of the most valuable stocks in terms of price. Here are the ten most expensive stocks in the world.
Top 10 Most Expensive Stocks in the World
|Symbol||Company Name||CMP (17/11/22)|
|BRK/A||Berkshire Hathaway Inc||$465,520.00|
|LISN||Lindt & Sprüngli||$ 98,300.00|
|TPL||Texas Pacific Land Corporation||$2,626.06|
|BKNG||Booking Holdings Inc||$2,013.78|
|CMG||Chipotle Mexican Grill Inc||$1,526.55|
|WTM||White Mountains Insurance Group Ltd||$1,322.86|
|MTD||Mettler-Toledo International Inc.||$1,395.75|
1. Berkshire Hathaway
The most expensive stock on our list is Berkshire Hathaway. What started as a textile manufacturing company has now evolved into a multinational conglomerate that invests in various sectors with a long-term perspective.
Headed by the top investment gurus Warren Buffet and Charlie Munger, the firm owns Fruit of the Loom, Helzberg Diamonds, Dairy Queen, and NetJets. It also holds a major stake in notable blue-chip companies such as Apple, Wells Fargo, American Express and Coca-Cola.
Both Warren Buffet and Charlie Munger follow a value investing approach and believe in investing in companies for the long term.
2. Lindt & Sprüngli
Next on our list is a very popular chocolate brand, Lindt and Sprüngli. The company was established in 1836 in Switzerland and is the second most expensive stock in the world. It owns and manages several popular brands such as Lindt, Hofbauer and Küfferle, and Caffarel.
Lindt and Sprüngli own and operate more than 410 stores and café across the globe. Most of the items on the menu of these café contain the brand’s chocolate in some form.
The company’s chocolates are also placed in airports, retail stores, convenience stores, and supermarkets in various countries.
3. NVR Inc
NVR is one of the largest home construction companies in the US. Its primary business includes home building and mortgage banking. The company constructs homes under the brands Ryan Homes, Heartland Homes, and NVHomes.
Through its subsidiary, NVR Mortgage, it fulfils the needs of home buyers by providing mortgage financing to the customers of NVR Inc.
NVR Inc has a presence across 15 states in the US and built over 510,000 homes. It also ranks among the top five home-building companies in the US.
4. Seaboard Corporation
Fourth on our list of expensive stocks in the world is Seaboard Corporation, an agribusiness and transportation company. Its primary business involves processing domestic pork and providing ocean transportation. The company also produces sugar, processes jalapeno peppers and grains, and generates electricity.
It boasts a rich history of over 100 years and has operations across four continents. Though it started as an agribusiness company, it has diversified into multiple businesses over the years, mainly through acquisitions.
The company markets its products under several brands, including Seaboard Farms, High Plains Bioenergy, St. Joe Pork, and Prairie Fresh Prime.
5. AutoZone Inc
AutoZone is the largest retailer of aftermarket automotive parts and accessories. Established in 1979 in Forrest City, Arkansas, with a single store, the company has evolved into a leading retailer with more than 6,700 stores across the US, Mexico, and Brazil.
It sells automotive and non-automotive products that cover cars, sport utility vehicles, vans and light trucks. The company also has an online presence and sells its products through its website.
Apart from a strong retail presence, it also sells its products to the wholesale market, including local, regional and national repair garages, dealers, and service stations.
6. Texas Pacific Land Corporation
Sixth on our list is Texas Pacific Land Corporation, a real estate operating company. It is the largest private land owner in Texas, with over 880,000 acres of land bank. It has two business segments: land and resource management and water services and operations.
Texas Pacific Water Resources, the wholly owned subsidiary, takes care of its water services segment. This company offers brackish water sourcing, recycling, disposal, and other extraction-related water services. Texas Pacific Land Corporation earns revenue from land sales, oil and gas royalties, material sales, and commercial leases.
7. Booking Holdings
Seventh on our list of most expensive stocks in the world is Booking Holding, a popular travel technology company. It is one of the world’s largest travel marketplaces where property owners and travellers can connect seamlessly.
The company operates through six brands, namely Booking.com, Priceline.com, KAYAK, agoda.com, Rentalcars.com, and OpenTable. It offers travel services to over 220 countries.
The Booking.com app and website are available in 43 languages and have more than 28 million accommodation listings, including homes, apartments, and other places. With 24*7 customer support, it ensures that friction in travel is reduced.
8. Chipotle Mexican Grill
Chipotle Mexican Grill is a Mexican chain restaurant specializing in tacos, rice bowls, and burritos. It has restaurants across the United States, Canada, the United Kingdom, France, and Germany.
Chipotle is known for its ‘fast-casual’ service, where the food is made to order right in front of the customer. Established in 1993, it was one of the first chain restaurants with 16 restaurants in the US. Currently, it has over 3000 restaurants across 1,448 cities in the US.
9. White Mountains Insurance Group
Next on our list is White Mountains Insurance Group, a diversified insurance and financial services company. It operates its business through its subsidiaries. The company owns and operates a broad range of insurance companies, including life insurers, property & casualty insurers, reinsurers, brokerages, financial guarantors, service companies and investment advisors.
With humble beginnings in the 1980s, the company expanded through acquisitions over the years. It is currently headquartered in Hamilton, Bermuda and has an executive office in Hanover, New Hampshire.
10. Mettler-Toledo International
Last on our list of most expensive stock in the world is Mettler-Toledo International, a scales and analytical instruments manufacturer. It offers precision instruments and services to retailers, production, logistics, and packaging industries across the world.
The company has a comprehensive product portfolio. Its products include laboratory weighing scales, industrial scales, product inspection equipment, truck scales, analytical instruments, and retail weight scales.
It has a global presence with manufacturing and service facilities across four continents. It has sales offices in over 100 countries from which it fulfils orders.
Madras Rubber Factory Limited (MRF)
While you have the most expensive stocks in the world, In India, the most expensive stock is MRF. The shares of MRF are trading at Rs 88,000 as of 27 October 2022.
MRF is the largest type of manufacturing company in India. It has a wide portfolio of products, including tyres, sports goods, paints and coats. It also offers complete tyre servicing to its customers.
This Chennai-based company had its humble beginnings in 1952 and is now the leading tyre company in India. It has over ten manufacturing facilities in India and exports its products all over the world.
Frequently Asked Questions
Berkshire Hathaway is the most expensive stock in the world. Its shares are trading at USD 4,37,900.
Due to their high price, expensive or high value stocks are less volatile than low-priced stocks.
When investing in stocks, one shouldn’t look at the share price alone. There are several parameters, such as revenue growth, profit growth, debt metrics, and management quality, that you should consider before investing in stocks.