Forbes list of the most valuable NHL teams
This article needs to be updated . Please help update this article to reflect recent events or newly available information. (December 2023 )
Forbes compiles the finances of all 32 NHL 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 various financial metrics such as debt and operating income to each one.[ 2]
The latest ranking reported that the Toronto Maple Leafs were the most valuable NHL franchise after the 2022–23 NHL season , overtaking the New York Rangers . The Rangers held the title for 8 consecutive years prior to the 2022-2023 season[ 3] The fastest growing NHL franchise is the Edmonton Oilers , with a 136.1% increase in valuation since the 2017–18 NHL season ($0.575 billion to $1.275 billion).[ 4]
Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Bleacher Report .[ 5] [ 6] The NHL has consistently published news about the rankings since the early renditions.[ 7] [ 8] The report has also applied more context to NHL trends, such as the Edmonton Oilers doubling in value in just one year.[ 9] Particularly, the Oilers have recently been clinching the playoffs consistently that aligns well with the opening of Rogers Place and new media deals.[ 10] [ 11] [ 12]
Ranking
Rankings as of December 14, 2023 (2022–23 NHL season ) [ 13]
Composition
A pie chart that represents the composition of valuation for the average NHL team.
Sport (25.8%)
Market (38.3%)
Stadium (23.6%)
Brand (12.3%)
Team[ g]
Value[ b]
Sport[ h]
Market[ i]
Stadium[ j]
Brand[ k]
New York Rangers
$2.2 billion
$0.252 billion
$1.038 billion
$0.632 billion
$0.279 billion
Toronto Maple Leafs
$2 billion
$0.239 billion
$0.937 billion
$0.536 billion
$0.289 billion
Montreal Canadiens
$1.85 billion
$0.239 billion
$0.944 billion
$0.427 billion
$0.241 billion
Chicago Blackhawks
$1.5 billion
$0.23 billion
$0.679 billion
$0.407 billion
$0.184 billion
Boston Bruins
$1.4 billion
$0.22 billion
$0.581 billion
$0.42 billion
$0.179 billion
Los Angeles Kings
$1.3 billion
$0.149 billion
$0.535 billion
$0.446 billion
$0.171 billion
Edmonton Oilers
$1.275 billion
$0.186 billion
$0.605 billion
$0.295 billion
$0.189 billion
Philadelphia Flyers
$1.25 billion
$0.24 billion
$0.501 billion
$0.365 billion
$0.145 billion
Washington Capitals
$1.2 billion
$0.214 billion
$0.52 billion
$0.286 billion
$0.18 billion
Seattle Kraken
$1.05 billion
$0.191 billion
$0.428 billion
$0.272 billion
$0.159 billion
Detroit Red Wings
$1.03 billion
$0.245 billion
$0.411 billion
$0.228 billion
$0.146 billion
New York Islanders
$1.02 billion
$0.206 billion
$0.412 billion
$0.268 billion
$0.134 billion
Vancouver Canucks
$1.01 billion
$0.24 billion
$0.433 billion
$0.202 billion
$0.135 billion
Tampa Bay Lightning
$1 billion
$0.238 billion
$0.379 billion
$0.272 billion
$0.111 billion
Pittsburgh Penguins
$0.99 billion
$0.194 billion
$0.4 billion
$0.256 billion
$0.141 billion
Vegas Golden Knights
$0.965 billion
$0.168 billion
$0.407 billion
$0.268 billion
$0.123 billion
New Jersey Devils
$0.96 billion
$0.209 billion
$0.359 billion
$0.271 billion
$0.121 billion
Dallas Stars
$0.925 billion
$0.22 billion
$0.383 billion
$0.198 billion
$0.124 billion
St. Louis Blues
$0.88 billion
$0.252 billion
$0.313 billion
$0.203 billion
$0.112 billion
Colorado Avalanche
$0.86 billion
$0.249 billion
$0.302 billion
$0.199 billion
$0.11 billion
Calgary Flames
$0.855 billion
$0.247 billion
$0.346 billion
$0.166 billion
$0.096 billion
Minnesota Wild
$0.85 billion
$0.258 billion
$0.296 billion
$0.195 billion
$0.101 billion
Nashville Predators
$0.81 billion
$0.257 billion
$0.266 billion
$0.19 billion
$0.096 billion
Ottawa Senators
$0.8 billion
$0.293 billion
$0.238 billion
$0.152 billion
$0.116 billion
San Jose Sharks
$0.74 billion
$0.293 billion
$0.221 billion
$0.168 billion
$0.057 billion
Anaheim Ducks
$0.725 billion
$0.263 billion
$0.224 billion
$0.147 billion
$0.091 billion
Winnipeg Jets
$0.65 billion
$0.26 billion
$0.203 billion
$0.124 billion
$0.063 billion
Carolina Hurricanes
$0.64 billion
$0.223 billion
$0.214 billion
$0.128 billion
$0.075 billion
Buffalo Sabres
$0.61 billion
$0.263 billion
$0.193 billion
$0.1 billion
$0.053 billion
Florida Panthers
$0.55 billion
$0.247 billion
$0.156 billion
$0.096 billion
$0.052 billion
Arizona Coyotes
$0.45 billion
$0.236 billion
$0.117 billion
$0.061 billion
$0.036 billion
Historical valuations
Historical valuations (in US$ millions) by NHL team[ g]
Team
2022–23
2021–22
2020–21
2019–20
2018–19
2017–18
2016–17
2015–16
2014–15
2013–14
2012–13
Toronto Maple Leafs
2,800
2,000
1,800
1,500
1,500
1,500
1,400
1,100
1,200
1,300
1,200
New York Rangers
2,650
2,200
2,000
1,700
1,700
1,600
1,500
1,300
1,200
1,100
850
Montreal Canadiens
2,300
1,850
1,600
1,300
1,300
1,300
1,300
1,100
1,200
1,000
775
Los Angeles Kings
2,000
1,300
1,025
825
850
810
750
600
580
580
450
Boston Bruins
1,900
1,400
1,300
1,000
1,000
925
890
800
750
750
600
Chicago Blackhawks
1,875
1,500
1,400
1,100
1,100
1,100
1,000
925
925
825
625
Edmonton Oilers
1,850
1,275
1,100
550
575
540
520
445
455
475
400
Philadelphia Flyers
1,650
1,250
1,200
800
825
800
740
720
660
625
500
Washington Capitals
1,600
1,200
930
750
775
725
625
575
565
500
414
New York Islanders
1,550
1,020
950
520
520
440
395
385
325
300
195
New Jersey Devils
1,450
960
775
530
550
455
400
320
330
330
320
Vancouver Canucks
1,325
1,010
825
725
740
735
730
700
745
800
700
Tampa Bay Lightning
1,250
1,000
650
470
470
445
390
305
260
230
180
Seattle Kraken
1,225
1,050
875
0[ l]
0[ l]
0[ l]
0[ l]
0[ l]
0[ l]
0[ l]
0[ l]
Detroit Red Wings
1,200
1,030
990
775
800
775
700
625
600
570
470
Pittsburgh Penguins
1,175
990
900
650
665
650
650
570
560
565
480
Colorado Avalanche
1,150
860
630
465
475
430
385
360
360
360
337
Vegas Golden Knights
1,125
965
710
570
580
575
500
0[ l]
0[ l]
0[ l]
0[ l]
Calgary Flames
1,100
855
680
480
500
450
430
410
435
451
420
Dallas Stars
1,080
925
720
575
600
525
515
500
450
420
333
Minnesota Wild
1,050
850
675
500
510
490
440
400
380
370
330
St. Louis Blues
990
880
640
510
530
465
450
310
270
235
185
Nashville Predators
975
810
600
435
460
425
380
270
255
250
205
Ottawa Senators
950
800
525
430
445
435
420
355
370
400
380
Anaheim Ducks
925
725
620
460
480
460
460
415
400
365
300
San Jose Sharks
900
740
625
515
540
510
490
470
445
425
405
Carolina Hurricanes
825
640
550
440
450
420
370
230
225
220
187
Winnipeg Jets
780
650
575
405
420
415
375
340
350
358
340
Florida Panthers
775
550
450
295
310
295
305
235
186
190
240
Columbus Blue Jackets
765
620
475
310
325
320
315
245
226
200
175
Buffalo Sabres
750
610
500
385
400
375
350
300
300
288
250
Arizona Coyotes
500
450
400
285
300
290
300
240
220
225
200
Notes
^ Movement of spots in the ranking from the 2021–22 NHL season to the 2022–23 NHL season .
^ a b 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 2021–22 NHL season to the 2022–23 NHL 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.
^ a b Financial data taken from each team profile on Forbes.
^ Portion of franchise's value attributable to revenue shared among all teams.
^ Portion of franchise's value attributable to its city and market size.
^ Portion of franchise's value attributable to its arena.
^ Portion of franchise's value attributable to its brand.
^ a b c d e f g h i j k l Team did not exist to be attributed a financial valuation.
See also
References
Companies People Entertainment
General Fashion Film Music Sport
Education Technology Related topics