Dodgers president Stan Kasten had a great quote about Forbes Magazine at the 2013 Sloan Sports Analytics Conference. “We will never give any credence to Forbes’s valuations of franchises,” he said. “Here’s the problem with Forbes. I don’t know their methodology. I don’t know what hand they throw their dart with.”

C’mon, Stan. Don’t sell yourself short.

According to Forbes’ latest rankings released Wednesday, the Dodgers are one of five Major League Baseball franchises with a negative operating income. Yet only the New York Yankees are a more valuable franchise, and can claim a higher revenue than the Dodgers.

But only the Dodgers can claim the highest payroll in baseball history — $257.3 million last year for purposes of the luxury tax, according to the Associated Press. All that money that Forbes says the Dodgers are bleeding … they’re bleeding straight into the product on the field.

Baseball’s five most valuable franchises, per Forbes, are the Yankees, Dodgers, Red Sox, Giants and Cubs. The Rays, Marlins, Royals, A’s and Astros rank 30th-25th.

Here are some more Dodger-related charts from Forbes.