1. New York Rangers
• Value: $2 billion
• One-Year Change: 21%
• Five-Year Change: 60%
• Owner: Madison Square Garden Sports
2. Toronto Maple Leafs
• Value: $1.8 billion
• One-Year Change: 20%
• Five-Year Change: 64%
• Owner: Bell Canada, Rogers Communications, Larry Tanenbaum
3. Montreal Canadiens
• Value: $1.6 billion
• One-Year Change: 19%
• Five-Year Change: 43%
• Owner: Molson family
4. Chicago Blackhawks
• Value: $1.4 billion
• One-Year Change: 29%
• Five-Year Change: 51%
• Owner: Rocky Wirtz
5. Boston Bruins
• Value: $1.3 billion
• One-Year Change: 30%
• Five-Year Change: 63%
• Owner: Jeremy Jacobs
6. Philadelphia Flyers
• Value: $1.2 billion
• One-Year Change: 50%
• Five-Year Change: 67%
• Owner: Comcast
7. Edmonton Oilers
• Value: $1.1 billion
• One-Year Change: 100%
• Five-Year Change: 147%
• Owner: Daryl Katz
8. Los Angeles Kings
• Value: $1.025 billion
• One-Year Change: 24%
• Five-Year Change: 71%
• Owner: Philip Anschutz
9. Detroit Red Wings
• Value: $990 million
• One-Year Change: 28%
• Five-Year Change: 58%
• Owner: Marian Ilitch
10. New York Islanders
• Value: $950 million
• One-Year Change: 83%
• Five-Year Change: 147%
• Owner: Scott Malkin, Jon Ledecky
11. Washington Capitals
• Value: $930 million
• One-Year Change: 24%
• Five-Year Change: 62%
• Owner: Ted Leonsis
12. Pittsburgh Penguins
• Value: $900 million
• One-Year Change: 38%
• Five-Year Change: 58%
• Owner: Mario Lemieux, Ron Burkle
13. Seattle Kraken
• Value: $875 million
• Owner: David Bonderman
14. Vancouver Canucks
• Value: $825 million
• One-Year Change: 14%
• Five-Year Change: 18%
• Owner: Aquilini Investment Group
15. New Jersey Devils
• Value: $775 million
• One-Year Change: 46%
• Five-Year Change: 142%
• Owner: Josh Harris, David Blitzer
16. Dallas Stars
• Value: $720 million
• One-Year Change: 25%
• Five-Year Change: 44%
• Owner: Tom Gaglardi
17. Vegas Golden Knights
• Value: $710 million
• One-Year Change: 25%
• Owner: Bill Foley, Maloof family
18. Calgary Flames
• Value: $680 million
• One-Year Change: 42%
• Five-Year Change: 66%
• Owner: N. Murray Edwards
19. Minnesota Wild
• Value: $675 million
• One-Year Change: 35%
• Five-Year Change: 69%
• Owner: Craig Leipold
20. Tampa Bay Lightning
• Value: $650 million
• One-Year Change: 38%
• Five-Year Change: 113%
• Owner: Jeffrey Vinik
21. St. Louis Blues
• Value: $640 million
• One-Year Change: 25%
• Five-Year Change: 106%
• Owner: Tom Stillman
22. Colorado Avalanche
• Value: $630 million
• One-Year Change: 35%
• Five-Year Change: 75%
• Owner: Stanley Kroenke
23. San Jose Sharks
• Value: $625 million
• One-Year Change: 21%
• Five-Year Change: 33%
• Owner: Hasso Plattner
24. Anaheim Ducks
• Value: $620 million
• One-Year Change: 35%
• Five-Year Change: 49%
• Owner: Henry and Susan Samueli
25. Nashville Predators
• Value: $600 million
• One-Year Change: 38%
• Five-Year Change: 122%
• Owner: Herbert Fritch
26. Winnipeg Jets
• Value: $575 million
• One-Year Change: 42%
• Five-Year Change: 69%
• Owner: True North Sports + Entertainment
27. Carolina Hurricanes
• Value: $550 million
• One-Year Change: 25%
• Five-Year Change: 139%
• Owner: Tom Dundon
28. Ottawa Senators
• Value: $525 million
• One-Year Change: 22%
• Five-Year Change: 48%
• Owner: Eugene Melnyk
29. Buffalo Sabres
• Value: $500 million
• One-Year Change: 30%
• Five-Year Change: 67%
• Owner: Terrence and Kim Pegula
30. Columbus Blue Jackets
• Value: $475 million
• One-Year Change: 53%
• Five-Year Change: 94%
• Owner: John P. McConnell, Nationwide
31. Florida Panthers
• Value: $450 million
• One-Year Change: 53%
• Five-Year Change: 91%
• Owner: Vincent Viola
32. Arizona Coyotes
• Value: $400 million
• One-Year Change: 40%
• Five-Year Change: 67%
• Owner: Alex Meruelo
• Value: $2 billion
• One-Year Change: 21%
• Five-Year Change: 60%
• Owner: Madison Square Garden Sports
2. Toronto Maple Leafs
• Value: $1.8 billion
• One-Year Change: 20%
• Five-Year Change: 64%
• Owner: Bell Canada, Rogers Communications, Larry Tanenbaum
3. Montreal Canadiens
• Value: $1.6 billion
• One-Year Change: 19%
• Five-Year Change: 43%
• Owner: Molson family
4. Chicago Blackhawks
• Value: $1.4 billion
• One-Year Change: 29%
• Five-Year Change: 51%
• Owner: Rocky Wirtz
5. Boston Bruins
• Value: $1.3 billion
• One-Year Change: 30%
• Five-Year Change: 63%
• Owner: Jeremy Jacobs
6. Philadelphia Flyers
• Value: $1.2 billion
• One-Year Change: 50%
• Five-Year Change: 67%
• Owner: Comcast
7. Edmonton Oilers
• Value: $1.1 billion
• One-Year Change: 100%
• Five-Year Change: 147%
• Owner: Daryl Katz
8. Los Angeles Kings
• Value: $1.025 billion
• One-Year Change: 24%
• Five-Year Change: 71%
• Owner: Philip Anschutz
9. Detroit Red Wings
• Value: $990 million
• One-Year Change: 28%
• Five-Year Change: 58%
• Owner: Marian Ilitch
10. New York Islanders
• Value: $950 million
• One-Year Change: 83%
• Five-Year Change: 147%
• Owner: Scott Malkin, Jon Ledecky
11. Washington Capitals
• Value: $930 million
• One-Year Change: 24%
• Five-Year Change: 62%
• Owner: Ted Leonsis
12. Pittsburgh Penguins
• Value: $900 million
• One-Year Change: 38%
• Five-Year Change: 58%
• Owner: Mario Lemieux, Ron Burkle
13. Seattle Kraken
• Value: $875 million
• Owner: David Bonderman
14. Vancouver Canucks
• Value: $825 million
• One-Year Change: 14%
• Five-Year Change: 18%
• Owner: Aquilini Investment Group
15. New Jersey Devils
• Value: $775 million
• One-Year Change: 46%
• Five-Year Change: 142%
• Owner: Josh Harris, David Blitzer
16. Dallas Stars
• Value: $720 million
• One-Year Change: 25%
• Five-Year Change: 44%
• Owner: Tom Gaglardi
17. Vegas Golden Knights
• Value: $710 million
• One-Year Change: 25%
• Owner: Bill Foley, Maloof family
18. Calgary Flames
• Value: $680 million
• One-Year Change: 42%
• Five-Year Change: 66%
• Owner: N. Murray Edwards
19. Minnesota Wild
• Value: $675 million
• One-Year Change: 35%
• Five-Year Change: 69%
• Owner: Craig Leipold
20. Tampa Bay Lightning
• Value: $650 million
• One-Year Change: 38%
• Five-Year Change: 113%
• Owner: Jeffrey Vinik
21. St. Louis Blues
• Value: $640 million
• One-Year Change: 25%
• Five-Year Change: 106%
• Owner: Tom Stillman
22. Colorado Avalanche
• Value: $630 million
• One-Year Change: 35%
• Five-Year Change: 75%
• Owner: Stanley Kroenke
23. San Jose Sharks
• Value: $625 million
• One-Year Change: 21%
• Five-Year Change: 33%
• Owner: Hasso Plattner
24. Anaheim Ducks
• Value: $620 million
• One-Year Change: 35%
• Five-Year Change: 49%
• Owner: Henry and Susan Samueli
25. Nashville Predators
• Value: $600 million
• One-Year Change: 38%
• Five-Year Change: 122%
• Owner: Herbert Fritch
26. Winnipeg Jets
• Value: $575 million
• One-Year Change: 42%
• Five-Year Change: 69%
• Owner: True North Sports + Entertainment
27. Carolina Hurricanes
• Value: $550 million
• One-Year Change: 25%
• Five-Year Change: 139%
• Owner: Tom Dundon
28. Ottawa Senators
• Value: $525 million
• One-Year Change: 22%
• Five-Year Change: 48%
• Owner: Eugene Melnyk
29. Buffalo Sabres
• Value: $500 million
• One-Year Change: 30%
• Five-Year Change: 67%
• Owner: Terrence and Kim Pegula
30. Columbus Blue Jackets
• Value: $475 million
• One-Year Change: 53%
• Five-Year Change: 94%
• Owner: John P. McConnell, Nationwide
31. Florida Panthers
• Value: $450 million
• One-Year Change: 53%
• Five-Year Change: 91%
• Owner: Vincent Viola
32. Arizona Coyotes
• Value: $400 million
• One-Year Change: 40%
• Five-Year Change: 67%
• Owner: Alex Meruelo