List of MLB teams by valuation
Forbes compiles the finances of all 30 MLB teams to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand.[1] These areas are supported by applying financial metrics such as debt and operating income to each one.[2]

The latest ranking reported that the New York Yankees is the most valuable MLB franchise after the 2021 MLB season.[3] The fastest growing MLB franchise is the New York Yankees as well, with a 50% increase in valuation since the 2017 MLB season ($4 to $6 billion).[1] The Yankees have held the crown for the most valuable MLB franchise since the inaugural ranking, which was released after the 1998 MLB season.[4]
Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as USA Today and Yahoo!.[5][6] The MLB has recognized the renditions of the ranking in financial documents, although not publicly.[7][8] The report has also applied more context to MLB trends, such as the root of the 2021–22 MLB lockout being that owners were getting more money while players/employees were getting less despite growing valuations.[9] This was further illustrated by the next edition of the ranking after the lockout, where nearly every MLB franchise has been growing, although much slower than the NFL and NBA.[10]
Ranking
Rank | Team | Territory | Value[lower-alpha 1] | Change[lower-alpha 2] | Debt[lower-alpha 3] | Revenue[lower-alpha 4] | Operating Income[lower-alpha 5] |
---|---|---|---|---|---|---|---|
#1 | New York Yankees | ![]() | $6 billion | ![]() | 0% | $482 million | –$40 million |
#2 | Los Angeles Dodgers | ![]() | $4.075 billion | ![]() | 11% | $565 million | –$7.9 million |
#3 | Boston Red Sox | ![]() | $3.9 billion | ![]() | 0% | $479 million | $69 million |
#4 | Chicago Cubs | ![]() | $3.8 billion | ![]() | 11% | $425 million | $68 million |
#5 | San Francisco Giants | ![]() | $3.5 billion | ![]() | 4% | $384 million | $32 million |
#6 | New York Mets | ![]() | $2.65 billion | ![]() | 17% | $302 million | –$96 million |
#7 | St. Louis Cardinals | ![]() | $2.45 billion | ![]() | 9% | $287 million | –$34 million |
#8 | Philadelphia Phillies | ![]() | $2.3 billion | ![]() | 6% | $323 million | –$17 million |
#9 | Los Angeles Angels | ![]() | $2.2 billion | ![]() | 5% | $331 million | –$2.4 million |
#10 | Atlanta Braves | ![]() | $2.1 billion | ![]() | 23% | $443 million | $83 million |
#11 | Texas Rangers | ![]() | $2.05 billion | ![]() | 37% | $387 million | $97 million |
#12 | Washington Nationals | ![]() | $2 billion | ![]() | 25% | $322 million | $36 million |
#13 | Houston Astros | ![]() | $1.98 billion | ![]() | 15% | $388 million | $29 million |
#14 | Toronto Blue Jays | ![]() | $1.78 billion | ![]() | 0% | $238 million | –$52 million |
#15 | Chicago White Sox | ![]() | $1.76 billion | ![]() | 9% | $258 million | –$9.5 million |
#16 | Seattle Mariners | ![]() | $1.7 billion | ![]() | 14% | $313 million | $71 million |
#17 | San Diego Padres | ![]() | $1.575 billion | ![]() | 19% | $282 million | –$32 million |
#18 | Detroit Tigers | ![]() | $1.4 billion | ![]() | 13% | $268 million | $31 million |
#19 | Minnesota Twins | ![]() | $1.39 billion | ![]() | 20% | $268 million | $10 million |
#20 | Colorado Rockies | ![]() | $1.385 billion | ![]() | 9% | $270 million | $14 million |
#21 | Arizona Diamondbacks | ![]() | $1.38 billion | ![]() | 9% | $267 million | $40 million |
#22 | Baltimore Orioles | ![]() | $1.375 billion | ![]() | 16% | $251 million | $83 million |
#23 | Pittsburgh Pirates | ![]() | $1.32 billion | ![]() | 11% | $258 million | $64 million |
#24 | Cleveland Guardians | ![]() | $1.3 billion | ![]() | 10% | $267 million | $71 million |
#25 | Milwaukee Brewers | ![]() | $1.28 billion | ![]() | 12% | $269 million | $29 million |
#26 | Cincinnati Reds | ![]() | $1.19 billion | ![]() | 13% | $266 million | $0.4 million |
#27 | Oakland Athletics | ![]() | $1.18 billion | ![]() | 13% | $208 million | –$8.7 million |
#28 | Kansas City Royals | ![]() | $1.11 billion | ![]() | 25% | $263 million | $47 million |
#29 | Tampa Bay Rays | ![]() | $1.1 billion | ![]() | 11% | $252 million | $45 million |
#30 | Miami Marlins | ![]() | $0.99 billion | ![]() | 40% | $240 million | $25 million |
Notes
- Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
- Change of valuation from the 2017 MLB season to the 2021 MLB season.
- Expressed as the percentage of valuation that is debt. Includes stadium debt.
- Revenue in USD.
- Earnings (in USD) before interest, taxes, depreciation and amortization.
See also
References
- "New York Yankees Profile". Forbes. Retrieved 2 April 2022.
- "Baseball's Most Valuable Teams 2022". Forbes. Retrieved 2 April 2022.
- "The Business of Baseball List". Forbes. Retrieved 2 April 2022.
- "No surprise where Yankees rank in Forbes' latest MLB valuations". SNY (TV network). Retrieved 2 April 2022.
- "Report: Yankees now worth an estimated $6 billion, with 12 of 30 MLB franchises topping $2 billion mark". USA Today. Retrieved 2 April 2022.
- "Yankees reportedly valued at $6 billion, making them MLB's most valuable franchise". Yahoo!. Retrieved 2 April 2022.
- "Baltimore Orioles Financial News Directory (Page 100)" (PDF). Major League Baseball. Retrieved 2 April 2022.
- "A's second baseman Jemile Weeks: Is he on the verge of stardom? (Page 2)" (PDF). Major League Baseball. Retrieved 2 April 2022.
- "WHAT THE MLB LOCKOUT MEANS FOR BASEBALL (2:25)". YouTube. Retrieved 2 April 2022.
- "KC Royals, and nearly every other MLB team, are worth more after lockout, Forbes says". The Kansas City Star. Retrieved 2 April 2022.