March 3 2008: 7:59 AM EST
Email | Print    Type Size  -  +

Global stars

All praise is welcome, but it is particularly sweet when it comes from one's peers. That is the psychic trophy that the top companies in 26 industries can lug back to headquarters.

By Jenny Mero, reporter

NEW YORK (Fortune) -- Rivals are often the first to take notice of failures and the least likely to praise successes. Which is why securing a top spot on the World's Most Admired list is a distinction worth celebrating. It means a company's toughest critics - their peers - consider them the best representatives of the industry.

While there are some longstanding titleholders, like Anheuser-Busch (BUD, Fortune 500) and DuPont (DD, Fortune 500), this year nine industries appointed new leaders. For instance, Textron (TXT, Fortune 500), which makes Cessna jets, cruised up six spots, outpacing airline giant Boeing in the Aerospace and Defense industry. Meanwhile, steel stalwart ArcelorMittal (MT) now dominates the Metals category after its Canadian counterpart, Alcan, slipped to seventh place. And Goodyear Tire & Rubber (GT, Fortune 500) gained the traction it needed to lead the Motor Vehicle Parts industry, leaving Toyota Industries behind at No. 2.

To come up with the class leaders, industry analysts and executives at competing firms were asked to rate companies with at least $10 billion in revenue in 2006 on nine attributes, from management quality to social responsibility. The scores are then averaged to come up with industry rankings. This year 345 companies in 26 industries and 25 countries participated.

Those scores are also used to compile the national rankings. British-based supermarket chain Tesco, and delivery outfit UPS (UPS, Fortune 500), hold the top spots in both their country and their industry this year. Though French cosmetics company L'Oréal ranks second in its industry, it outranks Carrefour and Total as the Most Admired Company in France. Over in Japan and Germany, carmakers Toyota (TM) and BMW were preferred over electronic giants Sony and Siemens. And port and mall operator Hutchison Whampoa is China's most admired. To top of page

Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 12:21am ET
Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.