The average National Hockey League team is valued at over $1 billion for the first time in the league’s history, coming in at $1.03 billion.
Further, every team in the top 10 list of most valuable NHL franchises ranks at over a billion dollars.
The New York Rangers, worth $2.2 billion, a 10% increase from the previous year, is leading the way for the eighth consecutive year.
The following four teams — the Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins — are all part of the Original Six; the sixth of the NHL’s original teams, the Detroit Red Wings, come in at 11th with a $1.03 billion valuation.
Taking that final spot in the top 10 is the Seattle Kraken — who also just so happen to be the league’s most recent expansion franchise, having begun play in 2021.
The list could look different very soon: The Ottawa Senators sold to Canadian businessman Michael Andlauer for close to $1 billion in June.
Here are the top 10 most valuable NHL franchises using data from Forbes’ most recent list (covering the 2021-22 season).
| Rank | Team | Value | 1-Year Increase | Revenue |
| 1 | New York Rangers | $2.2 billion | 10% | $249 million |
| 2 | Toronto Maple Leafs | $2 billion | 11% | $248 million |
| 3 | Montreal Canadiens | $1.85 billion | 16% | $239 million |
| 4 | Chicago Blackhawks | $1.5 billion | 7% | $222 million |
| 5 | Boston Bruins | $1.4 billion | 8% | $218 million |
| 6 | Los Angeles Kings | $1.3 billion | 27% | $249 million |
| 7 | Edmonton Oilers | $1.28 billion | 16% | $230 million |
| 8 | Philadelphia Flyers | $1.25 billion | 4% | $190 million |
| 9 | Washington Capitals | $1.2 billion | 29% | $192 million |
| 10 | Seattle Kraken | $1.05 billion | 20% | $191 million |
![[Subscription Customers Only] Jun 15, 2025; Seattle, Washington, USA; Botafogo owner John Textor inside the stadium before the match during a group stage match of the 2025 FIFA Club World Cup at Lumen Field.](https://frontofficesports.com/wp-content/uploads/2026/02/USATSI_26465842_168416386_lowres-scaled.jpg?quality=100&w=1024)
