Forbes has come out with their yearly list of NHL Team Valuations. It shouldn't have been much of a surprise that the Toronto Maple Leafs were the highest valued NHL team at $413 million dollars. They brought in revenues of $138 million last year. High ticket costs, various TV deals and a dedicated country wide fan base played an important part of Maple Leafs being such a profitable organization.

2007 Forbes List of NHL Team Valuations
Rk	Team	Current Value 1 ($mil)	1-Yr Value Change (%)	Revenue ($mil)	Oper. Income ($mil)
1	Toronto Maple Leafs	413	24	138	52.7
2	New York Rangers	365	19	122	25.4
3	Detroit Red Wings	293	14	109	14.4
4	Montreal Canadiens	283	23	109	25.2
5	Dallas Stars	254	2	91	10.5
6	Philadelphia Flyers	244	-1	87	5.7
7	Boston Bruins	243	3	87	-0.6
8	Colorado Avalanche	214	-3	79	6.6
9	Vancouver Canucks	211	10	96	12.8
10	Los Angeles Kings	209	2	84	2
11	Tampa Bay Lightning	199	16	85	0.6
12	Anaheim Ducks	197	25	89	6.6
13	New Jersey Devils	195	31	65	-15.3
14	Ottawa Senators	186	17	93	10.4
15	Minnesota Wild	180	10	78	-1.7
16	Chicago Blackhawks	179	7	69	-3.6
17	San Jose Sharks	165	13	72	-5.1
18	Calgary Flames	164	21	77	-0.7
19	Buffalo Sabres	162	9	74	-4.9
20	Edmonton Oilers	157	8	71	9.9
21	Carolina Hurricanes	156	8	68	-7.5
22	Pittsburgh Penguins	155	17	67	8.1
23	Florida Panthers	151	6	67	-7.1
24	Columbus Blue Jackets	150	8	68	-5.6
25	New York Islanders	149	6	60	-11.6
26	Atlanta Thrashers	148	16	67	-6.5
27	Phoenix Coyotes	147	3	67	-11.4
28	Washington Capitals	145	14	66	1
29	St Louis Blues	144	-3	66	-5.5
30	Nashville Predators	143	7	65	-9.4