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The cumulative valuation of the 32 teams in the National Hockey League (NHL) has reportedly increased by 15% in 2025, reaching $70.4 billion. This is higher than the individual market capitalizations of several popular companies, including General Motors Co. (GM), Ferrari NV (RACE), Coinbase Global Inc. (COIN), and Cloudflare Inc. (NET), among others.
According to a CNBC report, a rise in national media rights has driven up NHL teams’ valuations, citing a deal the league struck with Rogers Communications Inc. (RCI). The average valuation of an NHL team now stands at $2.2 billion, compared to $1.92 billion in 2024.
| Name | Valuation (as of 12:30 pm, Nov. 25, 2025) |
| NHL Teams | $70.4 billion |
| General Motors | $69.33 billion |
| Ferrari | $69.15 billion |
| Cloudflare | $67.7 billion |
| Coinbase Global | $66.58 billion |
General Motors’ shares were up nearly 3% in Tuesday’s midday trade, Ferrari’s shares gained around 2%, while Coinbase shares were down around 3%. Retail sentiment around General Motors trended in the ‘bullish’ territory at the time of writing.
The most valuable NHL team is the Toronto Maple Leafs, valued at $4.3 billion, according to the report. The team’s valuation rose 8% in 2025, from $4 billion a year ago.
For context, Sunrun Inc.’s (RUN) market capitalization stood at $4.22 billion at the time of writing. Sunrun is a California-based provider of photovoltaic systems and battery energy storage products.
The Carolina Hurricanes were the NHL team with the highest valuation growth in 2025, surging to $2 billion from $1.3 billion a year ago.
The Buffalo Sabres are the team with the lowest valuation in the NHL, at $1.42 billion, up 24% from the previous year, according to the report.
This matches the market capitalization of companies like Spectrum Brands Holdings Inc. (SPB) and PagerDuty Inc. (PD).
Pittsburgh Penguins’ valuation remained unchanged in 2025, at $1.76 billion.
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