The 2025 MLB Team Valuations have been released by CNBC, providing a snapshot of the financial health of all 30 franchises in Major League Baseball. The top five teams in terms of value are all located in major media markets, with the New York Yankees holding the top spot at a valuation of $8 billion.
The Los Angeles Dodgers come in second, with a valuation of $5.8 billion, followed closely by the Boston Red Sox and Chicago Cubs, who both have valuations of over $4 billion. The San Francisco Giants round out the top five with a valuation of $3.8 billion.
The Miami Marlins, on the other hand, are at the bottom of the list with a valuation of $1.2 billion. The team has struggled financially in recent years, with a debt-to-value ratio of 38%. The team's ownership group, led by Bruce Sherman, has been working to cut costs and increase revenue in an effort to improve the team's financial situation.
The Washington Nationals, who won the World Series in 2019, have a valuation of $2.05 billion. The team's ownership group, led by the Lerner family, has a debt-to-value ratio of 27%, making them one of the most heavily indebted teams in the league.
The New York Mets, who are owned by Steve and Alexandra Cohen, have a valuation of $3.15 billion, but are also heavily indebted, with a debt-to-value ratio of 10%. The team has struggled to compete with their division rivals, the Philadelphia Phillies and Atlanta Braves, who are both valued at over $3 billion.
The Toronto Blue Jays, who are owned by Rogers Communications, have a valuation of $2.2 billion, but are also struggling financially, with an EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $8 million.