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The Times 100: The Best Performing Companies in California

Inside the Numbers

The Market Value 100

May 07, 1996

This chart ranks companies by their stock market value, determined by multiplying stock price by the number of total shares outstanding. Intel, thus, is valued more highly than any other company headquartered in California.

Generally, it's when a company's market cap is measured against other indicators--particularly the company's book value as listed here--that the figure begins to take shape as a useful tool for investors.

Book value is essentially what a company would be worth if liquidated today.

The ratio of market cap to book value for strong companies is always going to be positive, because such companies should always be worth more than the sum of their parts.

(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)

The Market Value 100

Companies ranked by market value as of April 19, 1996.

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4/19/96 '94 Market value Book value Market as Rank Rank Company ($ millions) ($ millions) % of book 1 1 Intel Corp. 53,583 12,140 441 2 2 Hewlett-Packard Co. 50,802 12,242 415 3 4 Walt Disney Co. 41,978 7,124 590 4 3 Chevron Corp. 36,382 14,355 253 5 6 BankAmerica Corp. 27,307 17,599 155 6 11 Cisco Systems Inc. 27,002 1,811 1,491 7 7 Oracle Corp. 20,895 1,462 1,429 8 5 Atlantic Richfield Co. 18,633 6,757 276 9 12 Amgen Inc. 14,709 1,672 880 10 9 Pacific Telesis Group 14,567 2,173 670 11 8 AirTouch Communications 14,348 3,751 383 12 13 Wells Fargo & Co. 11,760 3,566 330 13 16 Rockwell Intl. 10,465 3,907 268 14 10 Pacific Gas & Electric 9,482 8,599 110 15 32 Sun Microsystems Inc. 8,890 1,926 462 16 15 Occidental Petroleum Corp. 8,498 3,305 257 17 17 Unocal Corp. 8,055 2,417 333 18 23 Gap Inc. 7,984 1,488 537 19 19 Mattel Inc. 7,237 1,275 568 20 30 Safeway Inc. 6,997 796 880 21 14 Edison International 6,820 6,360 107 22 22 Applied Materials 6,684 1,943 344 23 28 3Com Corp. 6,577 789 834 24 Ascend Communications 6,367 278 2,290 25 25 Bay Networks Inc. 5,694 945 603 26 27 Fluor Corp. 5,417 1,484 365 27 26 Transamerica Corp. 5,154 3,985 129 28 29 Hilton Hotels Corp. 5,018 1,254 400 29 35 Franklin Resources 4,480 1,188 377 30 Netscape Communications 4,305 167 2,581 31 Tenet Healthcare Corp. 4,260 2,355 181 32 41 Computer Sciences Corp. 4,221 1,260 335 33 54 Seagate Technology Inc. 4,213 1,807 233 34 31 LSI Logic Corp. 4,177 1,114 375 35 Silicon Graphics Inc. 4,167 1,426 292 36 36 Clorox Co., The 4,159 916 454 37 48 Times Mirror Co. 4,109 1,230 334 38 42 Genentech Inc. 4,013 1,602 250 39 52 Chiron Corp. 3,969 672 590 40 39 Charles Schwab Corp. 3,955 633 625 41 37 Southern Pacific Rail 3,904 1,061 368 42 46 Informix Corp. 3,525 423 833 43 58 Atmel Corp. 3,472 547 634 44 61 Raychem Corp. 3,274 791 414 45 40 Great Western Fin. Corp. 3,176 2,528 126 46 43 Western Atlas Inc. 3,108 1,357 229 47 24 Apple Computer Inc. 3,099 2,794 111 48 47 Golden West Financial 3,062 2,278 134 49 53 Avery Dennison Corp. 2,978 816 365 50 84 StrataCom Inc. 2,932 232 1,263 51 44 Northrop Grumman Corp. 2,887 1,459 198 52 62 Adaptec Inc. 2,753 453 608 53 50 Homestake Mining Co. 2,747 636 432 54 99 PeopleSoft, Inc. 2,727 121 2,247 55 51 H.F. Ahmanson & Co. 2,672 3,057 87 56 78 SunAmerica Inc. 2,631 996 215 57 45 Enova Corp. 2,564 1,520 169 58 34 Adobe Systems Inc. 2,561 698 367 59 96 Cadence Design Systems 2,555 134 1,905 60 Xylan Corp. 2,539 16 15,793 61 63 ALZA Corp. 2,537 455 558 62 55 Linear Technology 2,435 375 649 63 64 Dole Food Co. Inc. 2,407 508 473 64 56 PacifiCare Health Systems 2,371 768 309 65 68 Xilinx Inc. 2,368 328 722 66 86 Viking Office Products 2,295 236 973 67 60 Allergan Inc. 2,273 669 340 68 69 McKesson Corp. 2,210 1,073 206 69 66 Foundation Health Corp. 2,209 843 262 70 65 Countrywide Credit Ind. 2,181 1,266 172 71 79 QUALCOMM Inc. 2,137 811 264 72 72 Altera Corp. 2,135 255 837 73 75 Intuit Inc. 2,095 271 775 74 57 Pacific Enterprises 2,092 1,295 162 75 67 Litton Industries, Inc. 2,086 825 253 76 77 Teledyne, Inc. 2,033 396 514 77 85 Solectron Corp. 2,007 571 351 78 80 UnionBanCal Corp. 1,899 1,340 142 79 92 Maxim Integrated Products 1,848 227 813 80 Callaway Golf Co. 1,844 225 820 81 49 National Semiconductor 1,842 1,535 120 82 33 Advanced Micro Devices 1,812 2,020 90 83 59 Autodesk Inc. 1,787 363 493 84 89 Sybase Inc. 1,778 423 420 85 C-Cube Microsystems Inc. 1,688 71 2,363 86 73 Varian Associates, Inc. 1,663 405 410 87 Watson Pharmaceuticals 1,623 261 622 88 Apria Healthcare Group 1,623 264 614 89 Komag Inc. 1,576 575 274 90 Amdahl Corp. 1,557 934 167 91 Robert Half Int'l Inc. 1,512 228 663 92 Nellcor Puritan Bennett 1,466 336 436 93 Public Storage Inc. 1,458 1,098 133 94 PMI Group Inc. 1,457 819 178 95 Synopsys Inc. 1,441 200 720 96 97 Electronic Arts 1,434 288 498 97 Electronics For Imaging 1,397 143 974 98 Vons Cos. 1,380 602 229 99 Oakley Inc. 1,370 73 1,881 100 74 KLA Instruments Corp. 1,367 465 294

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For the Record
Los Angeles Times Wednesday May 8, 1996 Home Edition Business Part D Page 2 Financial Desk 2 inches; 66 words Type of Material: Correction
Times 100--The Times 100 special section Tuesday on California's best-performing companies contained several errors:
* Because only one class of its shares was followed by Market Guide, the main data source for the section, Woodland Hills-based Wellpoint Health Networks Inc. was omitted from the "Market Value" chart. It would have been number 44.
These corrections have been made in the Times 100 section of the The Times' World Wide Web site at http://www.latimes.com
For the Record
Los Angeles Times Tuesday May 28, 1996 Home Edition Business Part D Page 2 Financial Desk 2 inches; 64 words Type of Material: Correction
Times 100--The Times 100 special section on California's best-performing companies, published May 7, contained the following errors:
* Advanced Micro Devices' market capitalization was incorrectly stated because an acquisition was not included in the database of Market Guide, which provided data for the section. The value should have been $2.8 billion. An accompanying report incorrectly stated that AMD's market value was less than its book value.

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