Team Values

Just for comparison's sake, here's the most recent Forbes financial data for the 4 major sports.

NFL:
Average team value: $957 million
Average team revenue: $204 million
Average team profit: $17.8 million

MLB:
Average team value: $431 million
Average team revenue: $170 million
Average team profit: $16.5 million

NBA:
Average team value: $372 million
Average team revenue: $119 million
Average team profit: $9.8 million

NHL:
Average team value: $200 million
Average team revenue: $81 million
Average team profit: $3.2 million

Supposedly for stocks the average price/earnings ratio is supposed to hover around 15. For the leagues mentioned here the team value/profit ratios are, respectively 53.7, 26.1, 37.9, 62.5. So either I'm missing something (that's probably it) or sports teams are grossly overvalued.