Forbes released its annual list of "The World's Most Valuable Sports Teams" Wednesday and the Ravens ranked 24th at $1.5 billion.
According to the magazine, that represents a one-year change of 22 percent for owner Steve Bisciotti's franchise. The Ravens ranked 19th on last season's list with a value of $1.227 billion.
Forbes wrote that "the Ravens' $100 average ticket price ranks eighth in the NFL despite the team playing in the 21st biggest market."
The list, which is based on Forbes valuations from last year, included 51 teams because of a three-way tie for the final spots between MLB's Atlanta Braves, the NBA's Dallas Mavericks and the NFL's Minnesota Vikings.
Twenty of the top 51 most valuable teams are NFL franchises. The Ravens rank 10th among NFL teams, behind the Dallas Cowboys ($3.2 billion), New England Patriots ($2.6 billion), Washington Redskins ($2.4 billion), New York Giants ($2.1 billion), Houston Texans ($1.85 billion), New York Jets ($1.8 billion), Phiadelphia Eagles ($1.75 billion), Chicago Bears ($1.7 billion) and San Francisco 49ers ($1.6 billion).
Spanish soccer club Real Madrid heads the list for a third consecutive year with a value of $3.26 billion. Rounding out the top 10 are the Cowboys, New York Yankees ($3.2 billion), Barcelona ($3.16 billion), Manchester United ($3.1 billion), Los Angeles Lakers ($2.6 billion), Patriots, New York Knicks ($2.5 billion), Los Angeles Dodgers ($2.4 billion) and the Redskins.
Forbes has beeb valuing teams in the major sports leagues since 1998.