Although the price of the Braves' publicly traded stock is down about 40% from its 52-week high, Forbes magazine's annual study of MLB franchise valuations estimates the team is worth more than a year ago.
The study, released Thursday, values the Braves at $1.8 billion, up from $1.7 billion at this time last year.
The 30 MLB teams are now worth an average of $1.85 billion, a 4% increase from last year, according to Forbes’ analysis. The New York Yankees are valued at an MLB-high $5 billion, followed by the Los Angeles Dodgers at $3.4 billion. The Braves rank 12th in value.
The annual study, which Forbes began in 1998, was released as MLB is shut down by the coronavirus pandemic. It is unknown when the games will resume and whether fans will be in the stadiums when that happens.
On the stock market, Braves shares, which traded at almost $30 in early February and above $26 in early March, closed Thursday at $17.90 for the most commonly traded Series C shares (ticker symbol BATRK). The 52-week high was $30.03 on Sept. 17.
About the Author
