NFL Team Valuations: How Much is Each NFL Team Valued At?
The National Football League (NFL) is not just America’s most popular professional sports league, but also a multi-billion dollar business. The value of each NFL franchise varies widely, with some teams worth well over $5 billion, while others are valued at “just” over $4 billion.
Here’s a look at how much each NFL team is currently valued at, according to the latest nfl team valuations from Forbes.
NFL Franchise Value List
Click on any team for a deeper look into their franchise value.
| Team | Valuation | Operating Income |
|---|---|---|
| Dallas Cowboys | $10.1 B | $564 M |
| Los Angeles Rams | $7.6 B | $286 M |
| New England Patriots | $7.4 B | $261 M |
| New York Giants | $7.3 B | $190 M |
| New York Jets | $6.9 B | $138 M |
| San Francisco 49ers | $6.8 B | $144 M |
| Las Vegas Raiders | $6.7 B | $115 M |
| Philadelphia Eagles | $6.6 B | $158 M |
| Chicago Bears | $6.4 B | $138 M |
| Washington Commanders | $6.3 B | $160 M |
| Miami Dolphins | $6.2 B | $118 M |
| Houston Texans | $6.1 B | $164 M |
| Green Bay Packers | $5.6 B | $60 M |
| Denver Broncos | $5.5 B | $114 M |
| Seattle Seahawks | $5.45 B | $104 M |
| Tampa Bay Buccaneers | $5.4 B | $134 M |
| Pittsburgh Steelers | $5.3 B | $129 M |
| Atlanta Falcons | $5.2 B | $94 M |
| Cleveland Browns | $5.15 B | $95 M |
| Los Angeles Chargers | $5.1 B | $110 M |
| Minnesota Vikings | $5.05 B | $111 M |
| Baltimore Ravens | $5 B | $77 M |
| Tennessee Titans | $4.9 B | $123 M |
| Kansas City Chiefs | $4.85 B | $115 M |
| Indianapolis Colts | $4.8 B | $146 M |
| Jacksonville Jaguars | $4.6 B | $139 M |
| Carolina Panthers | $4.5 B | $109 M |
| New Orleans Saints | $4.4 B | $118 M |
| Arizona Cardinals | $4.3 B | $112 M |
| Buffalo Bills | $4.2 B | $101 M |
| Detroit Lions | $4.15 B | $56 M |
| Cincinnati Bengals | $4.1 B | $76 M |
READ MORE: HOW DOES THE NFL MAKE MONEY?
All 32 teams of the NFL have seen a boost in value due to the recent media deal with CBS, Fox, NBC, ESPN/ABC and Amazon last year. This deal bought in around $385 million in revenue for each franchise with an expected return of $113 billion over the next decade.
Every team is profitable, holding an operating income of at least $56 million on the low end and upwards of $564 million in Dallas. Leagues like the NBA and MLB saw teams loos profits over the past year in contrast.
The numbers reflected above are based on numbers from Forbes. CNBC is reporting higher NFL valuations across almost all the teams. CNBC also reports each teams EBITDA versus the operating income listed above.
What exactly is the operating income of an NFL team?
In short, operating income measures the total amount of profit that comes from core business activities without considering investment gains, asset sales, or loan interest. Operating income helps demonstrate if your core business is viable. NFL teams are in the business of monetizing football games via ticket sales, concessions, stadium rights, etc.
If you are curious about more context on NFL valuations including interest, taxes, depreiciation, amoritization, and expenses considered than I suggest looking at each teams EBITDA to get a different picture.
EBITDA = Net Income + Interest + Taxes + Depreciation + Amortization
Operating Income = (Net Income – Non-Operating Income) + Interest + Taxes
(Non-Operating Income would be interest earned on loans, investment gains, or the sale of assets (like real estate or machinery)
NFL Team Valuations EBITDA
| Team | EBITDA |
|---|---|
| Dallas Cowboys | $550M |
| Los Angeles Rams | $243M |
| New England Patriots | $250M |
| New York Giants | $185M |
| Las Vegas Raiders | $115M |
| San Francisco 49ers | $138M |
| New York Jets | $145M |
| Miami Dolphins | $160M |
| Philadelphia Eagles | $138M |
| Chicago Bears | $103M |
| Houston Texans | $122M |
| Green Bay Packers | $128M |
| Washington Commanders | $137M |
| Denver Broncos | $108M |
| Seattle Seahawks | $82M |
| Atlanta Falcons | $101M |
| Pittsburgh Steelers | $105M |
| Kansas City Chiefs | $90M |
| Minnesota Vikings | $100M |
| Tampa Bay Buccaneers | $134M |
| Baltimore Ravens | $46M |
| Cleveland Browns | $95M |
| Tennessee Titans | $112M |
| Jacksonville Jaguars | $139M |
| Carolina Panthers | $84M |
| Los Angeles Chargers | $93M |
| Indianapolis Colts | $47M |
| New Orleans Saints | $83M |
| Detroit Lions | $75M |
| Buffalo Bills | $29M |
| Arizona Cardinals | $85M |
| Cincinnati Bengals | $42M |
Which NFL team has the highest valuation?
Dallas Cowboys ($10.1 Billion)
The Dallas Cowboys are the most valuable NFL franchise, worth an astonishing $9 billion. The Cowboys have consistently been at or near the top in valuations thanks to their legendary brand, massive fanbase, and highly lucrative sponsorship and merchandise deals. Their home stadium, AT&T Stadium, cost over $1 billion to build and has generated significant revenue through naming rights, premium seating, and hosting major events like the Super Bowl.
Other Top Valued Teams:
- New England Patriots ($7.4 billion)
- Los Angeles Rams ($7.6 billion)
- New York Giants ($7.3 billion)
- Chicago Bears ($6.4 billion)
What is the lowest valued NFL team?
Cincinnati Bengals ($4.1 Billion)
At the other end of the spectrum, the Cincinnati Bengals are the least valuable NFL franchise at $3.5 billion. Despite their on-field success in recent years, the Bengals have a relatively smaller market and fan base compared to other teams. Their stadium situation and lack of a major naming rights deal also impact their overall valuation.
Other Lower Valued Teams:
- Detroit Lions ($4.15 billion)
- Buffalo Bills ($4.2 billion)
- Arizona Cardinals ($4.3 billion)
- Jacksonville Jaguars ($4.6 billion)
Factors Impacting NFL Team Valuations
Several key factors influence the valuation of NFL teams, including:
- Market Size: Teams in larger markets like New York, Los Angeles, and Chicago have inherent advantages in attracting fans, TV viewership, and sponsorship dollars.
- Stadium Value: Having a modern, state-of-the-art stadium with lucrative naming rights and premium seating options is a major revenue driver.
- Brand Recognition: Historic franchises like the Cowboys, Packers, and Steelers command premium valuations due to their iconic brands and fanbases that span generations.
- On-Field Success: Sustained winning and championships, while not the primary factor, can boost a team’s value through increased fan engagement and merchandise sales.
- Media & Broadcasting Deals: The NFL’s massive TV contracts provide a lucrative shared revenue stream for all teams.
As the NFL continues to grow in popularity and revenue, the valuations of all teams are likely to keep rising in the years ahead. While there’s a solid gap between the Cowboys at $10 billion and the Bengals at $4 billion currently, every NFL owner can take pride in owning an asset worth billions in America’s most valuable professional sports league.
