| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Southern California | (10-0-0) | 0.9577 | Pacific Coast | |
| 2 | Michigan | (8-0-0) | 0.8638 | Big Ten | |
| 3 | Purdue | (7-0-1) | 0.7391 | Big Ten | |
| 4 | Pittsburgh | (8-1-2) | 0.6386 | Independent | |
| 5 | Tennessee | (9-0-1) | 0.6309 | Southern | |
| 6 | Alabama | (8-2-0) | 0.6206 | Southern | |
| 7 | Auburn | (9-0-1) | 0.6177 | Southern | |
| 8 | Wisconsin | (6-1-1) | 0.5695 | Big Ten | |
| 9 | Texas Christian | (10-0-1) | 0.5610 | Southwest | |
| 10 | Ohio State | (4-1-3) | 0.5579 | Big Ten | |
| 11 | Centenary | (8-0-1) | 0.5508 | Independent | |
| 12 | Notre Dame | (7-2-0) | 0.5432 | Independent | |
| 13 | Nebraska | (7-1-1) | 0.5357 | Big Six | |
| 14 | Colgate | (9-0-0) | 0.5330 | Independent | |
| 15 | Utah | (6-1-1) | 0.5298 | Rocky Mountain | |
| 16 | Washington State | (7-1-1) | 0.5164 | Pacific Coast | |
| 17 | Tulane | (6-2-1) | 0.5112 | Southern | |
| 18 | Michigan State | (7-1-0) | 0.5076 | Independent | |
| 19 | Texas | (8-2-0) | 0.4943 | Southwest | |
| 20 | Vanderbilt | (6-1-2) | 0.4887 | Southern | |
| 21 | Virginia Tech | (8-1-0) | 0.4860 | Southern | |
| 22 | Washington | (6-2-2) | 0.4775 | Pacific Coast | |
| 23 | Oregon | (6-3-1) | 0.4696 | Pacific Coast | |
| 24 | St. Mary's | (6-2-1) | 0.4657 | Independent | |
| 25 | Minnesota | (5-3-0) | 0.4537 | Big Ten | |
| 26 | Brown | (7-1-0) | 0.4427 | Independent | |
| 27 | Fordham | (6-2-0) | 0.4391 | Independent | |
| 28 | Louisiana State | (6-3-1) | 0.4266 | Southern | |
| 29 | Detroit Mercy | (8-2-0) | 0.4041 | Independent | |
| 30 | Duke | (7-3-0) | 0.4007 | Southern | |
| 31 | Columbia | (7-1-1) | 0.3974 | Independent | |
| 32 | North Carolina State | (6-1-2) | 0.3950 | Southern | |
| 33 | Army | (8-2-0) | 0.3873 | Independent | |
| 34 | Rice | (7-3-0) | 0.3847 | Southwest | |
| 35 | California | (7-3-2) | 0.3795 | Pacific Coast | |
| 36 | Brigham Young | (8-1-0) | 0.3682 | Rocky Mountain | |
| 37 | Pennsylvania | (6-2-0) | 0.3645 | Independent | |
| 38 | Temple | (5-1-2) | 0.3362 | Independent | |
| 39 | Stanford | (6-4-1) | 0.3313 | Pacific Coast | |
| 40 | Colorado College | (5-2-0) | 0.3232 | Rocky Mountain | |
| 41 | New York University | (5-3-0) | 0.3215 | Independent | |
| 42 | Santa Clara | (6-3-0) | 0.3202 | Independent | |
| 43 | Villanova | (7-2-0) | 0.3148 | Independent | |
| 44 | Northwestern | (3-4-1) | 0.3127 | Big Ten | |
| 45 | UCLA | (6-4-0) | 0.3058 | Pacific Coast | |
| 46 | Cornell | (5-2-1) | 0.3054 | Independent | |
| 47 | Kansas | (5-3-0) | 0.3033 | Big Six | |
| 48 | Georgia Tech | (4-5-1) | 0.2914 | Southern | |
| 49 | Oklahoma State | (9-1-2) | 0.2830 | Missouri Valley | |
| 50 | Texas Tech | (10-2-0) | 0.2650 | Border | |
| 51 | Texas A&M | (4-4-2) | 0.2631 | Southwest | |
| 52 | Denver | (4-3-1) | 0.2562 | Independent | |
| 53 | Illinois | (5-4-0) | 0.2498 | Big Ten | |
| 54 | Kentucky | (4-5-0) | 0.2494 | Southern | |
| 55 | Colorado State | (4-3-1) | 0.2450 | Rocky Mountain | |
| 56 | Creighton | (5-2-1) | 0.2409 | Missouri Valley | |
| 57 | South Carolina | (5-4-2) | 0.2344 | Independent | |
| 58 | Carnegie Tech | (4-3-2) | 0.2272 | Independent | |
| 59 | Oklahoma | (4-4-1) | 0.2269 | Big Six | |
| 60 | Gonzaga | (5-3-0) | 0.2265 | Independent | |
| 61 | Indiana | (3-4-1) | 0.2153 | Big Ten | |
| 62 | Georgia | (2-5-2) | 0.2078 | Southern | |
| 63 | George Washington | (6-2-1) | 0.1994 | Independent | |
| 64 | Chicago | (3-4-1) | 0.1967 | Big Ten | |
| 65 | Princeton | (2-2-3) | 0.1935 | Independent | |
| 66 | William & Mary | (8-4-0) | 0.1904 | Independent | |
| 67 | Oregon State | (4-6-0) | 0.1844 | Pacific Coast | |
| 68 | Yale | (2-2-3) | 0.1767 | Independent | |
| 69 | Marquette | (4-3-1) | 0.1657 | Independent | |
| 70 | Wake Forest | (3-3-2) | 0.1640 | Independent | |
| 71 | North Carolina | (3-5-2) | 0.1587 | Southern | |
| 72 | Kansas State | (4-4-0) | 0.1531 | Big Six | |
| 73 | Washington & Jefferson | (5-3-1) | 0.1456 | Independent | |
| 74 | Richmond | (4-2-2) | 0.1383 | Independent | |
| 75 | Harvard | (5-3-0) | 0.1256 | Independent | |
| 76 | Northern Colorado | (4-2-1) | 0.1230 | Independent | |
| 77 | St. Louis | (5-2-0) | 0.1213 | Independent | |
| 78 | West Virginia | (5-5-0) | 0.1186 | Independent | |
| 79 | Dartmouth | (4-4-0) | 0.1168 | Independent | |
| 80 | Virginia | (5-4-0) | 0.1056 | Southern | |
| 81 | Davidson | (4-4-1) | 0.0965 | Independent | |
| 82 | Mississippi | (5-6-0) | 0.0952 | Southern | |
| 83 | Colorado | (2-4-0) | 0.0886 | Rocky Mountain | |
| 84 | Florida | (3-6-0) | 0.0876 | Southern | |
| 85 | Southern Methodist | (3-7-2) | 0.0795 | Southwest | |
| 86 | Syracuse | (4-4-1) | 0.0687 | Independent | |
| 87 | Idaho | (3-5-0) | 0.0581 | Pacific Coast | |
| 88 | Bucknell | (4-4-1) | 0.0518 | Independent | |
| 89 | Utah State | (4-4-0) | 0.0446 | Rocky Mountain | |
| 90 | Baylor | (3-5-1) | 0.0399 | Southwest | |
| 91 | Northern Arizona | (3-2-2) | 0.0249 | Border | |
| 92 | Grinnell | (3-4-1) | 0.0087 | Missouri Valley | |
| 93 | Arkansas | (1-6-2) | -0.0031 | Southwest | |
| 94 | Iowa State | (3-4-1) | -0.0164 | Big Six | |
| 95 | Montana State | (3-3-1) | -0.0249 | Rocky Mountain | |
| 96 | Mississippi State | (3-5-0) | -0.0288 | Southern | |
| 97 | Lafayette | (3-5-0) | -0.0401 | Independent | |
| 98 | Washington (Missouri) | (4-4-0) | -0.0455 | Missouri Valley | |
| 99 | Loyola Marymount | (2-3-0) | -0.0472 | Independent | |
| 100 | Clemson | (3-5-1) | -0.0499 | Southern | |
| 101 | Navy | (2-6-1) | -0.0650 | Independent | |
| 102 | Iowa | (1-7-0) | -0.0791 | Big Ten | |
| 103 | San Francisco | (2-6-0) | -0.0953 | Independent | |
| 104 | Wyoming | (2-6-1) | -0.0980 | Rocky Mountain | |
| 105 | Maryland | (5-6-0) | -0.1080 | Southern | |
| 106 | Penn State | (2-5-0) | -0.1163 | Independent | |
| 107 | Arizona | (4-5-0) | -0.1334 | Border | |
| 108 | Missouri | (1-7-1) | -0.1486 | Big Six | |
| 109 | Arizona State | (4-3-1) | -0.1715 | Border | |
| 110 | Virginia Military Institute | (2-8-0) | -0.1969 | Southern | |
| 111 | Drake | (2-6-1) | -0.2000 | Missouri Valley | |
| 112 | Sewanee | (2-7-1) | -0.2089 | Southern | |
| 113 | New Mexico State | (4-5-1) | -0.2253 | Border | |
| 114 | Montana | (2-7-0) | -0.2480 | Pacific Coast | |
| 115 | Georgetown | (2-6-1) | -0.2660 | Independent | |
| 116 | Butler | (2-4-1) | -0.2699 | Missouri Valley | |
| 117 | Citadel | (4-5-0) | -0.2741 | Independent | |
| 118 | Colorado Mines | (1-7-0) | -0.2993 | Rocky Mountain | |
| 119 | Washington & Lee | (1-9-0) | -0.3127 | Southern | |
| 120 | Western State | (1-5-0) | -0.3975 | Rocky Mountain | |
| 121 | New Mexico | (1-6-1) | -0.4585 | Border |
Average Ratings by Conference (1932)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Big Ten | 0.4079 | |
| 2 | Pacific Coast | 0.3432 | |
| 3 | Southwest | 0.2599 | |
| 4 | Southern | 0.2213 | |
| 5 | Independent | 0.2161 | |
| 6 | Big Six | 0.1757 | |
| 7 | Rocky Mountain | 0.0780 | |
| 8 | Missouri Valley | 0.0029 | |
| 9 | Border | -0.1165 |