Tesco carries a market cap of approximately £19 billion ($24 billion USD) as of early 2026, trading on the London Stock Exchange under ticker TSCO. The UK's largest supermarket group has rebuilt its valuation steadily since the 2014 accounting scandal collapse, supported by consistent free cash flow, a rebuilt balance sheet, and market share defence against German discounters Aldi and Lidl.
Market Cap Of Tesco
LSE market cap in USD equivalent from the 1947 listing through 2026. GBP/USD at approximate annual average rates. The 2014 spike down reflects the profit overstatement scandal. Peak at ~$30B circa 2007 reflects Tesco's global expansion era.
Year-On-Year Tesco Market Cap
| Year | Market Cap (USD equiv.) | YoY Change |
|---|---|---|
| 2016 | $17.2B | — |
| 2017 | $22.8B | +32.6% |
| 2018 | $22.4B | −1.8% |
| 2019 | $24.4B | +8.9% |
| 2020 | $22.0B | −9.8% |
| 2021 | $20.0B | −9.1% |
| 2022 | $16.8B | −16.0% |
| 2023 | $20.4B | +21.4% |
| 2024 | $22.8B | +11.8% |
| 2025 | $24.0B | +5.3% |
Note: USD equivalents converted from GBP at approximate annual average exchange rates. The 2021–2022 declines reflect cost-of-living pressures, elevated food inflation, and market share losses to deep discount retailers during the UK consumer squeeze. Recovery from 2023 reflects pricing discipline and improved margins.