Four MLB Teams Top $4 Billion in Latest Forbes Valuations

The league’s most valuable team might not surprise you, but the gap between the top franchise and the rest of the field is notable.

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.

1. Yankees — $7.1 billion
2. Dodgers — $4.8 billion
3. Red Sox — $4.5 billion
4. Cubs — $4.1 billion
5. Giants — $3.7 billion
6. Mets — $2.9 billion
7. Angels — $2.7 billion
8. Braves — $2.6 billion
9. Phillies — $2.575 billion
10. Cardinals — $2.55 billion
11. Astros — $2.25 billion
12. Rangers — $2.225 billion
13. Mariners — $2.2 billion
14. Blue Jays — $2.1 billion
15. White Sox — $2.05 billion
16. Nationals — $2 billion
17. Padres — $1.75 billion
18. Orioles — $1.7 billion
19. Brewers — $1.6 billion
20. Rockies — $1.475 billion
21. Tigers — $1.45 billion
22. Twins — $1.39 billion
23. Diamondbacks — $1.38 billion
24. Pirates — $1.32 billion
25. Guardians — $1.3 billion
26. Rays — $1.25 billion
27. Royals — $1.2 billion
28. Reds — $1.19 billion
29. Athletics — $1.18 billion
30. Marlins — $1 billion