According to the latest annual evaluation of NHL franchise's worth by Forbes, the Red Wings had a valuation of $775 million as of late 2020. That ranks them in eighth place among the league’s 31 franchises. The New York Rangers top the list at $1.65 billion. Four other NHL franchises have a valuation of $1 billion or higher: the Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins.