MLB Team Valuations: Here's Where San Diego Padres Ranks Ahead Of Opening Day

SAN DIEGO, CA — With MLB's Opening Day on the horizon, Forbes has released a ranking of the 30 MLB teams that shows how much the San Diego Padres is worth as team valuations continue to surge.

The New York Yankees, valued at roughly $8.5 billion, have topped the rankings every year since Forbes began publishing MLB team valuations in 1998, and 2026 is no different. The Los Angeles Dodgers again rank second, followed by the Boston Red Sox, Chicago Cubs and San Francisco Giants.

On average, franchises are worth about $2.9 billion, with individual clubs' worth driven by revenue from media rights, sponsorships and premium seating, Forbes said.

Padres, valued at $3.1 billion, ranks 10th in the Forbes ranking.

• One-year change: 59%
• Revenue: $452 million
• Operating income: -$1 million
• Owner: Seidler family

Average franchise values across MLB have surged in recent years, reaching record levels as teams benefit from strong ticket sales, sponsorships and new revenue streams, even as questions persist about the future of local media rights deals, Forbes said.

The Yankees' enduring dominance is driven by their global brand, consistent attendance and lucrative YES Network television deal, while the Dodgers continue to capitalize on sustained on-field success and aggressive spending.

The Dodgers begin the season as favorites to contend for another World Series title after adding star talent to an already deep roster, while big-market teams such as the Yankees remain perennial contenders.

Behind the top tier, several franchises are seeing notable growth. The Oakland Athletics — amid plans for a future move to Las Vegas — have posted one of the largest recent valuation increases, highlighting how stadium developments and relocation plans can boost team worth.

Still, MLB's overall growth has lagged behind other major U.S. leagues such as the NFL and NBA, with lower valuation multiples and slower appreciation over the past five years, reflecting investor caution about baseball's long-term revenue outlook.

Top 10 Most Valuable MLB Teams

1. New York Yankees: $8.5 billion
2. Los Angeles Dodgers: $7.8 billion
3. Boston Red Sox: $5.25 billion
4. Chicago Cubs: $5 billion
5. San Francisco Giants: $4.05 billion
6. New York Mets: $3.5 billion
7. Philadelphia Phillies: $3.4 billion
8. Atlanta Braves: $3.35 billion
9. Houston Astros: $3.2 billion
10. San Diego Padres: $3.1 billion

At the bottom of the rankings are the Miami Marlins, with a value of $1.5 billion. Others in the bottom five are the Cincinnati Reds, Pittsburgh Pirates, Kansas City Royals and Cleveland Guardians.

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