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LSU head coach Ed Orgeron prepares to enter Tiger Stadium as the team comes down Victory Hill before LSU's football home opener against Chattanooga Saturday Sept. 9, 2017, in Baton Rouge, La..

ADVOCATE STAFF PHOTO BY BILL FEIG

LSU is the fifth most valuable college football team in the country, according to a report by the Wall Street Journal.

The Tigers, if hypothetically sold on the open market like a professional sports franchise, would be worth about $910,927,000.

The analysis by Ryan Brewer, an associate professor of finance at Indiana University-Purdue University Columbus, broke down each program’s available revenues and expenses from 2016, taking into account cash-flow adjustments, risk assessments and growth projections, the report said.

Ohio State took the top spot on the list at $1,510,482,000, while Texas ($1,243,124,00) and Oklahoma ($1,001,967,00) round out the rest of the top three.

The Southeastern Conference as a whole put five teams in the top 10, making it the most valuable conference, on average, in the nation at $523 million per team.

Alabama is the most valuable SEC program at $930,001,000 with Georgia ($822,310,000), Tennessee ($745,640,000) and Auburn ($724,191,000) coming in at No. 8, 9 and 10, respectively.

The state of Louisiana put three other teams on the list of 115 schools, including No. 107 Louisiana-Lafayette ($11,829,000), No. 110 Louisiana Tech ($10,836,000) and No. 115 Louisiana-Monroe ($6,792,000).

Across the Football Bowl Subdivision, values rose 26 percent since 2015, the product of cash flows that went up 24 percent and revenues by 19 percent.

Follow Mike Gegenheimer on Twitter, @Mike_Gegs.