Three-peat: Forbes ranks Bengals as least valuable NFL team for 3rd straight year

The Cincinnati Bengals are the least valuable team in football – again.

Forbes released its list of the NFL's most valuable team s for 2024 Thursday, and the Bengals came in at No. 32 of 32 for the third straight year. The media outlet gave the team a $4.1 billion valuation, compared to the No. 1 ranked Dallas Cowboys, who are valued at $10.1 billion. The Bengals have an operating income of $76 million, while the Cowboys are at $564 million.

The Detroit Lions finished just above the Bengals at No. 31 with a $4.15 billion valuation.

To compile its rankings, Forbes used a plethora of sources, such as public documents that include stadium lease agreements and credit reports. Team, broadcasting and sponsorship executives and sports bankers were also among the sources Forbes used to determine its valuations.

Cincinnati also ranked last in 2022 and 2023, receiving $3 billion and $3.5 billion valuations, respectively. The last time the Bengals didn't take up the No. 32 spot came in 2021 , when they were No. 31 over the Buffalo Bills.

This article originally appeared on Cincinnati Enquirer: Three-peat: Forbes ranks Bengals as least valuable NFL team for 3rd straight year