# Forbes list of the most valuable NFL teams

Forbes compiles the finances of all 32 NFL 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. These areas are supported by applying financial metrics such as debt and operating income to each one. The Dallas Cowboys, valued at $10.1 billion in 2024, has been the NFL's most valuable franchise since 2007 and the most valuable sports franchise in the world since 2016.
Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Sports Illustrated. The NFL has recognized the annual ranking for the first time after the rendition based on the 2014 NFL season.

## Ranking

Rankings as of August 2024
| Rank | Swing | Team | State | Value | Operating income |
| #1 | | Dallas Cowboys | Texas | $10.1 billion | $564 million |
| #2 | 1 | Los Angeles Rams | California | $7.6 billion | $286 million |
| #3 | 1 | New England Patriots | Massachusetts | $7.4 billion | $261 million |
| #4 | | New York Giants | New Jersey | $7.3 billion | $190 million |
| #5 | 2 | New York Jets | New Jersey | $6.9 billion | $138 million |
| #6 | 3 | San Francisco 49ers | California | $6.8 billion | $144 million |
| #7 | 1 | Las Vegas Raiders | Nevada | $6.7 billion | $115 million |
| #8 | 2 | Philadelphia Eagles | Pennsylvania | $6.6 billion | $158 million |
| #9 | 4 | Chicago Bears | Illinois | $6.4 billion | $138 million |
| #10 | 2 | Washington Commanders | Maryland | $6.3 billion | $160 million |
| #11 | | Miami Dolphins | Florida | $6.2 billion | $118 million |
| #12 | | Houston Texans | Texas | $6.1 billion | $164 million |
| #13 | 7 | Green Bay Packers | Wisconsin | $5.6 billion | $60 million |
| #14 | 1 | Denver Broncos | Colorado | $5.5 billion | $114 million |
| #15 | 1 | Seattle Seahawks | Washington | $5.4 billion | $104 million |
| #16 | 9 | Tampa Bay Buccaneers | Florida | $5.4 billion | $134 million |
| #17 | 2 | Pittsburgh Steelers | Pennsylvania | $5.3 billion | $129 million |
| #18 | 3 | Atlanta Falcons | Georgia | $5.2 billion | $94 million |
| #19 | | Cleveland Browns | Ohio | $5.1 billion | $95 million |
| #20 | 5 | Los Angeles Chargers | California | $5.1 billion | $110 million |
| #21 | 5 | Minnesota Vikings | Minnesota | $5 billion | $111 million |
| #22 | 5 | Baltimore Ravens | Maryland | $5 billion | $77 million |
| #23 | 1 | Tennessee Titans | Tennessee | $4.9 billion | $123 million |
| #24 | 1 | Kansas City Chiefs | Missouri | $4.8 billion | $115 million |
| #25 | 3 | Indianapolis Colts | Indiana | $4.8 billion | $146 million |
| #26 | 2 | Jacksonville Jaguars | Florida | $4.6 billion | $139 million |
| #27 | 1 | Carolina Panthers | North Carolina | $4.5 billion | $109 million |
| #28 | 1 | New Orleans Saints | Louisiana | $4.4 billion | $118 million |
| #29 | | Arizona Cardinals | Arizona | $4.3 billion | $112 million |
| #30 | | Buffalo Bills | New York | $4.2 billion | $101 million |
| #31 | | Detroit Lions | Michigan | $4.1 billion | $56 million |
| #32 | | Cincinnati Bengals | Ohio | $4.1 billion | $76 million |

## Historical valuations

Historical valuations (in US$ millions) by NFL team :
| Team | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Dallas Cowboys | 8,000 | 6,500 | 5,700 | 5,500 | 5,000 | 4,800 | 4,200 | 4,000 | 3,200 | 2,300 |
| New England Patriots | 6,400 | 5,000 | 4,400 | 4,100 | 3,800 | 3,700 | 3,400 | 3,200 | 2,600 | 1,800 |
| Los Angeles Rams | 6,200 | 4,800 | 4,000 | 3,800 | 3,200 | 3,000 | 2,900 | 1,500 | 930 | 875 |
| New York Giants | 6,000 | 4,850 | 4,300 | 3,900 | 3,300 | 3,300 | 3,100 | 2,800 | 2,100 | 1,600 |
| Chicago Bears | 5,800 | 4,075 | 3,500 | 3,500 | 2,900 | 2,900 | 2,700 | 2,500 | 1,700 | 1,300 |
| Washington Commanders | 5,600 | 4,200 | 3,500 | 3,400 | 3,100 | 3,100 | 3,000 | 2,900 | 2,400 | 1,700 |
| New York Jets | 5,400 | 4,050 | 3,600 | 3,200 | 2,900 | 2,800 | 2,800 | 2,600 | 1,800 | 1,400 |
| San Francisco 49ers | 5,200 | 4,175 | 3,800 | 3,500 | 3,100 | 3,100 | 3,000 | 2,700 | 1,600 | 1,200 |
| Las Vegas Raiders | 5,100 | 3,415 | 3,100 | 2,900 | 2,400 | 2,400 | 2,100 | 1,400 | 970 | 825 |
| Philadelphia Eagles | 4,900 | 3,800 | 3,400 | 3,100 | 2,800 | 2,700 | 2,500 | 2,400 | 1,800 | 1,300 |
| Houston Texans | 4,700 | 3,700 | 3,300 | 3,100 | 2,800 | 2,800 | 2,600 | 2,500 | 1,900 | 1,500 |
| Denver Broncos | 4,650 | 3,750 | 3,200 | 3,000 | 2,700 | 2,600 | 2,400 | 1,900 | 1,500 | 1,200 |
| Miami Dolphins | 4,600 | 3,420 | 2,900 | 2,800 | 2,600 | 2,600 | 2,400 | 1,900 | 1,300 | 1,100 |
| Seattle Seahawks | 4,500 | 3,500 | 3,100 | 2,800 | 2,600 | 2,400 | 2,200 | 1,900 | 1,300 | 1,100 |
| Green Bay Packers | 4,250 | 3,475 | 3,100 | 2,900 | 2,600 | 2,600 | 2,400 | 2,000 | 1,400 | 1,200 |
| Atlanta Falcons | 4,000 | 3,200 | 2,900 | 2,800 | 2,600 | 2,500 | 2,100 | 1,700 | 1,100 | 933 |
| Pittsburgh Steelers | 3,975 | 3,430 | 3,000 | 2,800 | 2,600 | 2,500 | 2,300 | 1,900 | 1,400 | 1,100 |
| Minnesota Vikings | 3,925 | 3,350 | 3,000 | 2,700 | 2,400 | 2,400 | 2,200 | 1,600 | 1,200 | 1,000 |
| Baltimore Ravens | 3,900 | 3,400 | 3,000 | 2,800 | 2,600 | 2,500 | 2,300 | 1,900 | 1,500 | 1,200 |
| Los Angeles Chargers | 3,875 | 2,920 | 2,600 | 2,500 | 2,300 | 2,300 | 2,100 | 1,500 | 995 | 949 |
| Cleveland Browns | 3,850 | 2,600 | 2,400 | 2,200 | 2,000 | 2,000 | 1,900 | 1,500 | 1,100 | 1,000 |
| Indianapolis Colts | 3,800 | 3,250 | 2,900 | 2,700 | 2,400 | 2,400 | 2,200 | 1,900 | 1,400 | 1,200 |
| Kansas City Chiefs | 3,700 | 2,930 | 2,500 | 2,300 | 2,100 | 2,100 | 1,900 | 1,500 | 1,100 | 1,000 |
| Tampa Bay Buccaneers | 3,675 | 2,940 | 2,300 | 2,200 | 2,000 | 2,000 | 1,800 | 1,500 | 1,200 | 1,100 |
| Carolina Panthers | 3,600 | 2,910 | 2,600 | 2,400 | 2,300 | 2,300 | 2,100 | 1,600 | 1,300 | 1,100 |
| New Orleans Saints | 3,575 | 2,825 | 2,500 | 2,300 | 2,100 | 2,000 | 1,800 | 1,500 | 1,100 | 1,000 |
| Tennessee Titans | 3,500 | 2,625 | 2,300 | 2,200 | 2,100 | 2,100 | 2,000 | 1,500 | 1,200 | 1,100 |
| Jacksonville Jaguars | 3,475 | 2,800 | 2,500 | 2,300 | 2,100 | 2,100 | 2,000 | 1,500 | 965 | 840 |
| Buffalo Bills | 3,400 | 2,270 | 2,100 | 1,900 | 1,600 | 1,600 | 1,500 | 1,400 | 935 | 870 |
| Arizona Cardinals | 3,270 | 2,650 | 2,300 | 2,300 | 2,200 | 2,200 | 2,000 | 1,500 | 1,000 | 961 |
| Detroit Lions | 3,050 | 2,400 | 2,100 | 2,000 | 1,700 | 1,700 | 1,700 | 1,400 | 960 | 900 |
| Cincinnati Bengals | 3,000 | 2,275 | 2,000 | 2,000 | 1,800 | 1,800 | 1,700 | 1,400 | 990 | 924 |