11/25/2014 02:59 EST | Updated 01/25/2015 05:59 EST

Forbes NHL franchise rankings value Leafs at $1.3B US

Two Canadian teams are among the NHL's three most valuable franchises, according to Forbes' 16th annual valuation of all 30 clubs. 

For the ninth consecutive year, the Toronto Maple Leafs topped the list with a valuation of $1.3 billion US (up from $1.1 billion in 2013) and the league's second-highest operating income of $70.6 million. All valuations are in U.S. dollars. 

The Leafs were followed closely in the top three by the New York Rangers, with a valuation of $1.1 billion and the league's highest operating income of $84.4 million, and the Montreal Canadiens at $1 billion and $59.8 million, respectively. 

The top three teams also happen to have the most lucrative local television deals and highest average ticket prices, the magazine reported. 

The average NHL team value is at a historical high of $490 million, which Forbes credits to the new multi-billion dollar media deal with Rogers Communications.

The Vancouver Canucks were the only other Canadian franchise to make the top 10, listed in fifth position with a valuation of $800 million. 

Bitter Alberta rivals the Edmonton Oilers and the Calgary Flames ranked 12th and 13th, with valuations of $475 million and $451 million, respectively. The remaining Canadian clubs, the Ottawa Senators and the Winnipeg Jets, made the 16th and 20th spots at $400 million and $358 million, respectively. 

The distinguished honour of the least valuable NHL team went to the fledgling Florida Panthers, worth just $190 million.

The complete list in descending order (in U.S. dollars):

- Toronto Maple Leafs: $1.3 billion

- New York Rangers: $1.1 billion

- Montreal Canadiens: $1 billion

- Chicago Blackhawks: $825 million

- Vancouver Canucks: $800 million

- Boston Bruins: $750 million

- Philadelphia Flyers: $625 million

- Los Angeles Kings: $580 million

- Detroit Red Wings: $570 million

- Pittsburgh Pengiuns: $565 million

- Washington Capitals: $500 million

- Edmonton Oilers: $475 million

- Calgary Flames: $451 million

- San Jose Sharks: $425 million

- Dallas Stars: $420 million

- Ottawa Senators: $400 million

- Minnesota Wild: $370 million

- Anaheim Ducks: $365 million

- Colorado Avalanche: $360 million

- Winnipeg Jets: $358 million

- New Jersey Devils: $330 million

- New York Islanders: $300 million

- Buffalo Sabres: $288 million

- Nashville Predators: $250 million

- St. Louis Blues: $235 million

- Tampa Bay Lightning: $230 million

- Arizona Coyotes: $225 million

- Carolina Hurricanes: $220 million

- Columbus Blue Jackets: $200 million

- Florida Panthers: $190 million