| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Pittsburgh | (9-0-1) | 0.8260 | Independent | |
| 2 | Fordham | (7-0-1) | 0.7452 | Independent | |
| 3 | California | (10-0-1) | 0.7005 | Pacific Coast | |
| 4 | Rice | (6-3-2) | 0.6602 | Southwest | |
| 5 | Alabama | (9-1-0) | 0.6343 | Southeastern | |
| 6 | Santa Clara | (9-0-0) | 0.6329 | Independent | |
| 7 | Louisiana State | (9-2-0) | 0.6289 | Southeastern | |
| 8 | Villanova | (8-0-1) | 0.6213 | Independent | |
| 9 | Notre Dame | (6-2-1) | 0.6201 | Independent | |
| 10 | Auburn | (6-2-3) | 0.5998 | Southeastern | |
| 11 | Arkansas | (6-2-2) | 0.5752 | Southwest | |
| 12 | Yale | (6-1-1) | 0.5702 | Independent | |
| 13 | Dartmouth | (7-0-2) | 0.5612 | Independent | |
| 14 | Texas A&M | (5-2-2) | 0.5600 | Southwest | |
| 15 | Ohio State | (6-2-0) | 0.5495 | Big Ten | |
| 16 | Baylor | (7-3-0) | 0.5370 | Southwest | |
| 17 | Nebraska | (6-1-2) | 0.5199 | Big Six | |
| 18 | Minnesota | (6-2-0) | 0.5188 | Big Ten | |
| 19 | Texas Christian | (4-4-2) | 0.5166 | Southwest | |
| 20 | Vanderbilt | (7-2-0) | 0.5138 | Southeastern | |
| 21 | Michigan State | (8-2-0) | 0.4987 | Independent | |
| 22 | North Carolina | (7-1-1) | 0.4937 | Southern | |
| 23 | Army | (7-2-0) | 0.4882 | Independent | |
| 24 | Holy Cross | (8-0-2) | 0.4708 | Independent | |
| 25 | Colorado | (8-1-0) | 0.4686 | Rocky Mountain | |
| 26 | Duke | (7-2-1) | 0.4635 | Southern | |
| 27 | Tulsa | (6-2-2) | 0.4550 | Missouri Valley | |
| 28 | Cornell | (5-2-1) | 0.4521 | Independent | |
| 29 | Washington | (7-2-2) | 0.4265 | Pacific Coast | |
| 30 | Oklahoma | (5-2-2) | 0.4188 | Big Six | |
| 31 | Stanford | (4-3-2) | 0.4131 | Pacific Coast | |
| 32 | Harvard | (5-2-1) | 0.4078 | Independent | |
| 33 | Montana | (7-1-0) | 0.4058 | Pacific Coast | |
| 34 | Georgia Tech | (6-3-1) | 0.4044 | Southeastern | |
| 35 | Tennessee | (6-3-1) | 0.4031 | Southeastern | |
| 36 | Indiana | (5-3-0) | 0.3929 | Big Ten | |
| 37 | Manhattan | (6-3-1) | 0.3789 | Independent | |
| 38 | Maryland | (8-2-0) | 0.3711 | Southern | |
| 39 | West Virginia | (8-1-1) | 0.3664 | Independent | |
| 40 | Arizona | (8-2-0) | 0.3570 | Border | |
| 41 | Northwestern | (4-4-0) | 0.3501 | Big Ten | |
| 42 | Purdue | (4-3-1) | 0.3473 | Big Ten | |
| 43 | Southern California | (4-4-2) | 0.3408 | Pacific Coast | |
| 44 | Tulane | (5-4-1) | 0.3377 | Southeastern | |
| 45 | Georgia | (6-3-2) | 0.3359 | Southeastern | |
| 46 | Penn State | (5-3-0) | 0.3332 | Independent | |
| 47 | Texas Tech | (8-4-0) | 0.3171 | Border | |
| 48 | Syracuse | (5-2-1) | 0.3134 | Independent | |
| 49 | Temple | (3-2-4) | 0.3127 | Independent | |
| 50 | Southern Methodist | (5-6-0) | 0.3119 | Southwest | |
| 51 | Oregon State | (3-3-3) | 0.3114 | Pacific Coast | |
| 52 | Detroit Mercy | (7-3-0) | 0.3025 | Independent | |
| 53 | Texas | (2-6-1) | 0.2965 | Southwest | |
| 54 | Idaho | (4-3-1) | 0.2923 | Pacific Coast | |
| 55 | Washington State | (3-3-3) | 0.2905 | Pacific Coast | |
| 55= | Centenary | (6-3-3) | 0.2905 | Independent | |
| 57 | Drake | (8-2-0) | 0.2867 | Missouri Valley | |
| 58 | Carnegie Tech | (2-5-1) | 0.2717 | Independent | |
| 59 | St. Mary's | (4-3-2) | 0.2715 | Independent | |
| 60 | Wisconsin | (4-3-1) | 0.2597 | Big Ten | |
| 61 | Illinois | (3-3-2) | 0.2500 | Big Ten | |
| 62 | Duquesne | (6-4-0) | 0.2413 | Independent | |
| 63 | Mississippi State | (5-4-1) | 0.2312 | Southeastern | |
| 64 | Michigan | (4-4-0) | 0.2305 | Big Ten | |
| 65 | Utah | (5-3-0) | 0.2225 | Rocky Mountain | |
| 66 | Texas-El Paso | (7-1-2) | 0.2159 | Border | |
| 67 | New Mexico State | (7-2-0) | 0.2107 | Border | |
| 68 | North Carolina State | (5-3-1) | 0.2104 | Southern | |
| 69 | Denver | (6-3-0) | 0.1914 | Rocky Mountain | |
| 70 | Clemson | (4-4-1) | 0.1856 | Southern | |
| 71 | Brown | (5-4-0) | 0.1851 | Independent | |
| 72 | Navy | (4-4-1) | 0.1795 | Independent | |
| 73 | Brigham Young | (6-3-0) | 0.1760 | Rocky Mountain | |
| 74 | Mississippi | (4-5-1) | 0.1746 | Southeastern | |
| 75 | Florida | (4-7-0) | 0.1665 | Southeastern | |
| 76 | Kansas | (3-4-2) | 0.1538 | Big Six | |
| 77 | St. Louis | (7-2-1) | 0.1481 | Missouri Valley | |
| 78 | Princeton | (4-4-0) | 0.1459 | Independent | |
| 79 | New York University | (5-4-0) | 0.1346 | Independent | |
| 80 | Colgate | (3-5-0) | 0.1334 | Independent | |
| 81 | Columbia | (2-5-2) | 0.1331 | Independent | |
| 82 | San Francisco | (4-5-1) | 0.1267 | Independent | |
| 83 | Oregon | (4-6-0) | 0.1203 | Pacific Coast | |
| 84 | Missouri | (3-6-1) | 0.1083 | Big Six | |
| 85 | Bucknell | (3-3-2) | 0.1041 | Independent | |
| 86 | UCLA | (2-6-1) | 0.0991 | Pacific Coast | |
| 87 | Kentucky | (4-6-0) | 0.0974 | Southeastern | |
| 88 | George Washington | (3-4-1) | 0.0938 | Independent | |
| 89 | Virginia Military Institute | (5-5-0) | 0.0853 | Southern | |
| 90 | Boston College | (4-4-1) | 0.0841 | Independent | |
| 91 | New Mexico | (4-4-1) | 0.0803 | Border | |
| 92 | Georgetown | (2-4-2) | 0.0729 | Independent | |
| 93 | Loyola Marymount | (4-7-0) | 0.0706 | Independent | |
| 94 | Furman | (4-3-2) | 0.0646 | Southern | |
| 95 | Kansas State | (4-5-0) | 0.0606 | Big Six | |
| 96 | Pennsylvania | (2-5-1) | 0.0578 | Independent | |
| 97 | Virginia Tech | (5-5-0) | 0.0450 | Southern | |
| 98 | Citadel | (7-4-0) | 0.0157 | Southern | |
| 99 | Marquette | (3-6-0) | 0.0124 | Independent | |
| 100 | Colorado College | (5-4-0) | 0.0071 | Rocky Mountain | |
| 101 | Western State | (5-3-0) | 0.0051 | Rocky Mountain | |
| 102 | Washington & Lee | (4-5-0) | 0.0022 | Southern | |
| 103 | Oklahoma State | (4-6-0) | -0.0113 | Missouri Valley | |
| 104 | Northern Arizona | (5-5-0) | -0.0180 | Border | |
| 105 | Washington (Missouri) | (4-6-0) | -0.0196 | Missouri Valley | |
| 106 | South Carolina | (5-6-1) | -0.0289 | Southern | |
| 107 | Iowa State | (3-6-0) | -0.0444 | Big Six | |
| 108 | Iowa | (1-7-0) | -0.0452 | Big Ten | |
| 109 | Gonzaga | (2-6-2) | -0.0474 | Independent | |
| 110 | Richmond | (5-4-1) | -0.0506 | Southern | |
| 111 | Miami (Florida) | (4-4-1) | -0.0542 | Independent | |
| 112 | Montana State | (3-4-1) | -0.0740 | Rocky Mountain | |
| 113 | William & Mary | (4-5-0) | -0.0783 | Southern | |
| 114 | Utah State | (2-4-2) | -0.1191 | Rocky Mountain | |
| 115 | Sewanee | (2-7-0) | -0.1470 | Southeastern | |
| 116 | Wake Forest | (3-6-0) | -0.1624 | Southern | |
| 117 | Davidson | (2-8-0) | -0.1717 | Southern | |
| 118 | Chicago | (1-6-0) | -0.1926 | Big Ten | |
| 119 | Wyoming | (3-5-0) | -0.2063 | Rocky Mountain | |
| 120 | Virginia | (2-7-0) | -0.2503 | Independent | |
| 121 | Northern Colorado | (2-6-0) | -0.2645 | Rocky Mountain | |
| 122 | Creighton | (2-7-0) | -0.2676 | Missouri Valley | |
| 123 | Colorado State | (1-7-0) | -0.3469 | Rocky Mountain | |
| 124 | Colorado Mines | (2-5-0) | -0.3610 | Rocky Mountain | |
| 125 | Arizona State | (0-8-1) | -0.5333 | Border | |
| 126 | Washburn | (0-10-0) | -0.7680 | Missouri Valley |
Average Ratings by Conference (1937)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Southwest | 0.4939 | |
| 2 | Pacific Coast | 0.3400 | |
| 3 | Southeastern | 0.3370 | |
| 4 | Independent | 0.2861 | |
| 5 | Big Ten | 0.2661 | |
| 6 | Big Six | 0.2028 | |
| 7 | Southern | 0.0963 | |
| 8 | Border | 0.0899 | |
| 9 | Rocky Mountain | -0.0251 | |
| 10 | Missouri Valley | -0.0252 |