The most valuable companies in Estonia 2008.
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| Company | Sector | Equity value 2008 | Equity value 2007 | Change | |||
| m EEK | m EUR | m EEK | m EUR | 2008/2007 | |||
| 1 | Hansapank, AS | financial sector | 71 704 | 4 583 | 89 065 | 5 692 | -19,5% |
| 2 | Eesti Energia, AS | utilities sector | 23 415 | 1 496 | 24 713 | 1 579 | -5,3% |
| 3 | SEB Pank, AS | financial sector | 18 856 | 1 205 | 21 367 | 1 366 | -11,8% |
| 4 | Eesti Telekom, AS | telecommunications | 16 836 | 1 076 | 18 132 | 1 159 | -7,1% |
| 5 | Tallink Grupp, AS (period 01.12.2006-30.11.2007) |
transport | 11 070 | 708 | 13 464 | 860 | -17,8% |
| 6 | Olympic Entertainment Group, AS | entertainment | 8 269 | 529 | 10 488 | 670 | -21,2% |
| 7 | BLRT Grupp, AS | metal industry | 6 639 | 424 | 5 728 | 366 | 15,9% |
| 8 | Sampo Pank, AS | financial sector | 5 920 | 378 | 6 016 | 384 | -1,6% |
| 9 | Tele2 Eesti, AS | telecommunications | 5 856 | 374 | 6 326 | 404 | -7,4% |
| 10 | Tallinna Sadam, AS | transport | 5 151 | 329 | 6 385 | 408 | -19,3% |
| 11 | Tallinna Kaubamaja, AS | trade | 4 971 | 318 | 5 850 | 374 | -15,0% |
| 12 | Elisa Eesti, AS | telecommunications | 4 648 | 297 | 5 310 | 339 | -12,5% |
| 13 | G4S Eesti, AS | security services | 4 098 | 262 | 2 721 | 174 | 50,6% |
| 14 | Tallinna Vesi, AS | utilities sector | 4 056 | 259 | 4 697 | 300 | -13,7% |
| 15 | Merko Grupp, AS | construction | 3 749 | 240 | 5 798 | 371 | -35,3% |
| 16 | Kunda Nordic Tsement, AS | production of building materials |
3 748 | 240 | 2 839 | 181 | 32,0% |
| 17 | Transgroup Invest, AS | transport | 3 570 | 228 | 4 220 | 270 | -15,4% |
| 18 | Viru Keemia Grupp, AS | chemical industry | 2 800 | 179 | 2 796 | 179 | 0,1% |
| 19 | Silvano Fashion Group, AS | trade | 2 754 | 176 | 2 333 | 149 | 18,0% |
| 20 | Eesti Ehitus, AS | construction | 2 358 | 151 | 2 543 | 163 | -7,3% |
| 21 | Trigon Capital, AS | financial sector | 2 318 | 148 | 1 536 | 98 | 50,9% |
| 22 | Silberauto, AS | trade | 2 277 | 146 | 2 503 | 160 | -9,0% |
| 23 | If Eesti Kindlustuse, AS | financial sector | 2 170 | 139 | 2 430 | 155 | -10,7% |
| 24 | Maxit Estonia, AS | production of building materials |
2 170 | 139 | 1 552 | 99 | 39,8% |
| 25 | Arco Vara, AS | real estate | 2 162 | 138 | 1 518 | 97 | 42,4% |
| 26 | A. Le Coq, AS | food industry | 2 120 | 136 | 2 145 | 137 | -1,1% |
| 27 | Vopak E.O.S., AS | transport | 2 021 | 129 | 750 | 48 | 169,5% |
| 28 | Magnum, AS | trade | 2 020 | 129 | 1 847 | 118 | 9,4% |
| 29 | Tallinna Lennujaam, AS | transport | 1 873 | 120 | 1 601 | 102 | 17,0% |
| 30 |
Pro Kapital Grupp, AS |
real estate | 1 712 | 109 | 2 689 | 172 | -36,3% |
| 31 | Stockmann, AS | trade | 1 671 | 107 | 1 502 | 96 | 11,2% |
| 32 | Eurodek Tallinn, OÜ | transport | 1 631 | 104 | 1 592 | 102 | 2,5% |
| 33 | Rimi Eesti Food, AS | trade | 1 626 | 104 | 1 923 | 123 | -15,4% |
| 34 | Saku Õlletehase AS | food industry | 1 596 | 102 | 1 702 | 109 | -6,3% |
| 35 | Eesti Raudtee, AS | transport | 1 566 | 100 | 3 669 | 234 | -57,3% |
| 36 | Rakvere Lihakombinaat, AS | food industry | 1 549 | 99 | 2 287 | 146 | -32,3% |
| 37 | Nitrofert, AS | chemical industry | 1 508 | 96 | 916 | 59 | 64,6% |
| 38 | Mecro, AS | trade | 1 507 | 96 | 1 386 | 89 | 8,7% |
| 39 | Ekspress Grupp, AS | media | 1 389 | 89 | 1 552 | 99 | -10,5% |
| 40 | Toyota Baltic, AS (period 01.04.2007-31.03.2008) |
trade | 1 343 | 86 | 1 702 | 109 | -21,1% |
| 41 | Cramo Estonia, AS | construction equipment rental |
1 334 | 85 | 1 178 | 75 | 13,3% |
| 42 | Ühendatud Kapital, AS | real estate | 1 303 | 83 | 2 586 | 165 | -49,6% |
| 43 | Technomar & Adrem, AS | timber industry | 1 273 | 81 | 1 064 | 68 | 19,6% |
| 44 | ES Sadolin, AS | chemical industry | 1 272 | 81 | 1 044 | 67 | 21,9% |
| 45 | Järvakandi Klaas, AS | glass industry | 1 269 | 81 | 926 | 59 | 37,1% |
| 46 | Eesti Statoil, AS | trade | 1 262 | 81 | 937 | 60 | 34,7% |
| 47 | Balti Investeeringute Grupi Pank, AS |
financial sector | 1 242 | 79 | 1 522 | 97 | -18,4% |
| 48 | Lennuliiklusteeninduse AS | transport | 1 191 | 76 | 1 083 | 69 | 10,0% |
| 49 | Prisma Peremarket, AS | trade | 1 157 | 74 | 903 | 58 | 28,2% |
| 50 | TREV-2 Grupp, AS | construction | 1 156 | 74 | 901 | 58 | 28,4% |
| 51 | Eesti Gaas, AS | utilities sector | 1 152 | 74 | 1 020 | 65 | 12,9% |
| 52 | Starman, AS | telecommunications | 1 144 | 73 | 899 | 57 | 27,3% |
| 53 | Baltika, AS | trade | 1 138 | 73 | 2 159 | 138 | -47,3% |
| 54 | Neste Eesti, AS | trade | 1 123 | 72 | 985 | 63 | 14,1% |
| 55 | ABB, AS | production of electrical equipment |
1 088 | 70 | 1 185 | 76 | -8,2% |
| 56 | Famar-Desi Grupp, AS | trade | 1 086 | 69 | 1 494 | 95 | -27,3% |
| 57 | Ergo Kindlustus, AS | financial sector | 1 083 | 69 | 1 370 | 88 | -21,0% |
| 58 | Ramirent, AS | construction equipment rental |
1 082 | 69 | 1 042 | 67 | 3,9% |
| 59 | Eesti Meedia, AS | media | 1 072 | 68 | 1 058 | 68 | 1,3% |
| 60 | Nordea Finance Estonia, AS | financial sector | 1 070 | 68 | 938 | 60 | 14,1% |
| 61 | Liviko, AS | food industry | 1 050 | 67 | 920 | 59 | 14,1% |
| 62 | Nordmet, AS | metal industry | 1 050 | 67 | 562 | 36 | 86,9% |
| 63 | E-Betoonelement, AS | production of building materials |
1 045 | 67 | 1 056 | 67 | -1,0% |
| 64 | Transiidikeskuse AS | transport | 1 040 | 66 | 1 117 | 71 | -6,9% |
| 65 | Norma, AS | production of car parts | 1 033 | 66 | 1 055 | 67 | -2,2% |
| 66 | Henkel Makroflex, AS | production of building materials |
1 032 | 66 | 1 260 | 81 | -18,1% |
| 67 | Hotell Viru, AS | real estate | 1 023 | 65 | 1 443 | 92 | -29,1% |
| 68 | Leibur, AS | food industry | 1 020 | 65 | 776 | 50 | 31,4% |
| 69 | ELKE Grupi AS | trade | 982 | 63 | 1 059 | 68 | -7,2% |
| 70 | Eesti Loto AS | entertainment | 942 | 60 | 702 | 45 | 34,2% |
| 71 | Riigi Kinnisvara AS | real estate | 934 | 60 | 1 108 | 71 | -15,7% |
| 72 | Eesti AGA, AS | chemical industry | 927 | 59 | 758 | 48 | 22,3% |
| 73 | DBT, AS | transport | 899 | 57 | 1 083 | 69 | -17,0% |
| 74 | Harju Elekter, AS | production of electrical equipment |
894 | 57 | 1 091 | 70 | -18,1% |
| 75 | Wendre, AS | textile industry | 887 | 57 | 809 | 52 | 9,6% |
| 76 | Skanska EMV, AS | construction | 880 | 56 | 1 418 | 91 | -37,9% |
| 77 | Konesko, AS | production of electrical equipment |
864 | 55 | 970 | 62 | -10,9% |
| 78 | MSI Grupp, AS | real estate | 829 | 53 | 699 | 45 | 18,5% |
| 79 | Reval Hotelligrupi AS | hotels | 826 | 53 | 733 | 47 | 12,6% |
| 80 | Amserv Grupi AS | trade | 825 | 53 | 907 | 58 | -9,1% |
| 81 | TREF, AS | construction | 802 | 51 | 569 | 36 | 41,0% |
| 82 | Mainor, AS | real estate | 801 | 51 | 867 | 55 | -7,6% |
| 83 | Rudus Eesti, AS | production of building materials |
777 | 50 | 759 | 48 | 2,4% |
| 84 | Rocca Al Mare Kaubanduskeskuse, AS |
real estate | 776 | 50 | 956 | 61 | -18,8% |
| 85 | RDS Hotelli AS | hotels | 772 | 49 | 799 | 51 | -3,4% |
| 86 | AGE Com, OÜ | media | 762 | 49 | 749 | 48 | 1,8% |
| 87 | Sokotel, AS | hotels | 738 | 47 | 926 | 59 | -20,3% |
| 88 | Tartu Maja Betoontooted, AS | production of building materials |
738 | 47 | 756 | 48 | -2,4% |
| 89 | Pakterminal, AS | transport | 736 | 47 | 1 362 | 87 | -45,9% |
| 90 | DSV transport AS | transport | 726 | 46 | 444 | 28 | 63,4% |
| 91 | Espak, AS | trade | 723 | 46 | 913 | 58 | -20,8% |
| 92 | T.R. Tamme Auto, OÜ | chemical industry | 721 | 46 | 766 | 49 | -5,8% |
| 93 | Kalev, AS | food industry | 721 | 46 | 588 | 38 | 22,6% |
| 94 | Krimelte, OÜ | production of building materials |
720 | 46 | 969 | 62 | -25,8% |
| 95 | Eesti Krediidipank, AS | financial sector | 718 | 46 | 1 286 | 82 | -44,1% |
| 96 | Kolle, AS | production of building materials |
708 | 45 | 753 | 48 | -5,9% |
| 97 | Rautakesko, AS | trade | 698 | 45 | 737 | 47 | -5,3% |
| 98 | ALSTOM Estonia, AS (period 01.04.2007-31.03.2008) |
repair works | 695 | 44 | 542 | 35 | 28,2% |
| 99 | Talter, AS | construction | 693 | 44 | 795 | 51 | -12,8% |
| 100 | General Datacomm International, OÜ |
trade | 692 | 44 | 1 892 | 121 | -63,4% |