With Opening Day just a week away, Forbes has released its annual valuations of all 30 MLB franchises. And the teams at the top are the ones you’d likely expect—though the big gap that exists between Nos. 1 and 2 might be surprising.
The Yankees once again are the league’s most valuable franchise, with a valuation of a staggering $7.1 billion. They’re not the only club thriving in the modern MLB landscape: the average valuation across franchises is $2.32 billion, up 12% from a year ago, per Forbes. And the league’s 2022 revenue climbed to a record $10.3 billion, representing a 7.8% increase from the previous season.
Since Forbes first began publishing its list of MLB franchise valuations in 1998, the Yankees have assumed the top spot each year. Check out the full rankings below.
- Yankees — $7.1 billion
- Dodgers — $4.8 billion
- Red Sox — $4.5 billion
- Cubs — $4.1 billion
- Giants — $3.7 billion
- Mets — $2.9 billion
- Angels — $2.7 billion
- Braves — $2.6 billion
- Phillies — $2.575 billion
- Cardinals — $2.55 billion
- Astros — $2.25 billion
- Rangers — $2.225 billion
- Mariners — $2.2 billion
- Blue Jays — $2.1 billion
- White Sox — $2.05 billion
- Nationals — $2 billion
- Padres — $1.75 billion
- Orioles — $1.7 billion
- Brewers — $1.6 billion
- Rockies — $1.475 billion
- Tigers — $1.45 billion
- Twins — $1.39 billion
- Diamondbacks — $1.38 billion
- Pirates — $1.32 billion
- Guardians — $1.3 billion
- Rays — $1.25 billion
- Royals — $1.2 billion
- Reds — $1.19 billion
- Athletics — $1.18 billion
- Marlins — $1 billion
