| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Army | (9-0-1) | 0.9171 | Independent | |
| 2 | Notre Dame | (8-0-1) | 0.7983 | Independent | |
| 3 | Tennessee | (9-2-0) | 0.7564 | Southeastern | |
| 4 | Illinois | (8-2-0) | 0.7389 | Big Nine | |
| 5 | Georgia | (11-0-0) | 0.7300 | Southeastern | |
| 6 | Louisiana State | (9-1-1) | 0.7245 | Southeastern | |
| 7 | Rice | (9-2-0) | 0.6773 | Southwest | |
| 8 | North Carolina | (8-2-1) | 0.6239 | Southern | |
| 9 | UCLA | (10-1-0) | 0.6157 | Pacific Coast | |
| 10 | Michigan | (6-2-1) | 0.6119 | Big Nine | |
| 11 | Wake Forest | (6-3-0) | 0.5969 | Southern | |
| 12 | Georgia Tech | (9-2-0) | 0.5835 | Southeastern | |
| 13 | Texas | (8-2-0) | 0.5833 | Southwest | |
| 14 | Tulsa | (9-1-0) | 0.5503 | Missouri Valley | |
| 15 | Yale | (7-1-1) | 0.5262 | Independent | |
| 16 | Pennsylvania | (6-2-0) | 0.5229 | Independent | |
| 17 | Miami (Florida) | (8-2-0) | 0.4980 | Independent | |
| 18 | Oklahoma | (8-3-0) | 0.4968 | Big Six | |
| 19 | Boston College | (6-3-0) | 0.4938 | Independent | |
| 20 | Alabama | (7-4-0) | 0.4918 | Southeastern | |
| 21 | Hardin-Simmons | (11-0-0) | 0.4774 | Border | |
| 22 | Oregon State | (7-1-1) | 0.4735 | Pacific Coast | |
| 23 | Columbia | (6-3-0) | 0.4623 | Independent | |
| 24 | Arkansas | (6-3-2) | 0.4591 | Southwest | |
| 25 | Cornell | (5-3-1) | 0.4494 | Independent | |
| 26 | Texas Tech | (8-3-0) | 0.4435 | Border | |
| 27 | North Carolina State | (8-3-0) | 0.4357 | Southern | |
| 28 | Mississippi State | (8-2-0) | 0.4295 | Southeastern | |
| 29 | William & Mary | (8-2-0) | 0.4258 | Southern | |
| 30 | Indiana | (6-3-0) | 0.4154 | Big Nine | |
| 31 | Kansas | (7-2-1) | 0.4102 | Big Six | |
| 32 | Rutgers | (7-2-0) | 0.4066 | Independent | |
| 33 | Villanova | (6-4-0) | 0.3983 | Independent | |
| 34 | Harvard | (7-2-0) | 0.3939 | Independent | |
| 35 | Duke | (4-5-0) | 0.3917 | Southern | |
| 36 | Kentucky | (7-3-0) | 0.3876 | Southeastern | |
| 37 | Ohio State | (4-3-2) | 0.3810 | Big Nine | |
| 38 | Penn State | (6-2-0) | 0.3757 | Independent | |
| 39 | Iowa | (5-4-0) | 0.3713 | Big Nine | |
| 40 | Southern California | (6-4-0) | 0.3676 | Pacific Coast | |
| 41 | Holy Cross | (5-4-0) | 0.3453 | Independent | |
| 42 | Vanderbilt | (5-4-0) | 0.3378 | Southeastern | |
| 43 | St. Mary's | (6-3-0) | 0.3089 | Independent | |
| 44 | Northwestern | (4-4-1) | 0.3006 | Big Nine | |
| 45 | Georgetown | (5-3-0) | 0.2942 | Independent | |
| 46 | Stanford | (6-3-1) | 0.2811 | Pacific Coast | |
| 47 | Washington | (5-4-0) | 0.2641 | Pacific Coast | |
| 48 | Minnesota | (5-4-0) | 0.2640 | Big Nine | |
| 49 | Detroit Mercy | (6-4-0) | 0.2484 | Independent | |
| 50 | Utah | (8-3-0) | 0.2475 | Mountain States | |
| 51 | Texas A&M | (4-6-0) | 0.2401 | Southwest | |
| 52 | Southern Methodist | (4-5-1) | 0.2309 | Southwest | |
| 53 | Missouri | (5-4-1) | 0.2282 | Big Six | |
| 54 | South Carolina | (5-3-0) | 0.2275 | Southern | |
| 55 | Colgate | (4-4-0) | 0.2250 | Independent | |
| 56 | Nevada | (7-2-0) | 0.2244 | Independent | |
| 57 | Princeton | (3-5-0) | 0.2204 | Independent | |
| 58 | Wisconsin | (4-5-0) | 0.2085 | Big Nine | |
| 59 | Richmond | (6-2-3) | 0.2056 | Southern | |
| 60 | Virginia | (4-4-1) | 0.1935 | Independent | |
| 61 | Utah State | (7-2-1) | 0.1922 | Mountain States | |
| 62 | Oklahoma State | (3-7-1) | 0.1861 | Missouri Valley | |
| 63 | Pittsburgh | (3-5-1) | 0.1810 | Independent | |
| 64 | Colorado | (5-4-1) | 0.1712 | Mountain States | |
| 65 | Syracuse | (4-5-0) | 0.1584 | Independent | |
| 66 | New York University | (5-3-0) | 0.1552 | Independent | |
| 67 | Dartmouth | (3-6-0) | 0.1547 | Independent | |
| 68 | Tulane | (3-7-0) | 0.1453 | Southeastern | |
| 69 | Michigan State | (5-5-0) | 0.1451 | Independent | |
| 70 | Tennessee-Chattanooga | (5-5-0) | 0.1427 | Independent | |
| 71 | Texas Christian | (2-7-1) | 0.1343 | Southwest | |
| 72 | George Washington | (4-3-0) | 0.1312 | Southern | |
| 73 | Navy | (1-8-0) | 0.1297 | Independent | |
| 74 | Clemson | (4-5-0) | 0.1281 | Southern | |
| 75 | Virginia Tech | (3-4-3) | 0.1271 | Southern | |
| 76 | Oregon | (4-4-1) | 0.1213 | Pacific Coast | |
| 77 | Denver | (5-5-1) | 0.1108 | Mountain States | |
| 78 | Purdue | (2-6-1) | 0.1051 | Big Nine | |
| 79 | West Texas A&M | (5-5-0) | 0.0957 | Border | |
| 80 | Northern Arizona | (5-2-2) | 0.0927 | Border | |
| 81 | Nebraska | (3-6-0) | 0.0924 | Big Six | |
| 82 | Mississippi | (2-7-0) | 0.0873 | Southeastern | |
| 83 | West Virginia | (5-5-0) | 0.0859 | Independent | |
| 84 | New Mexico | (5-5-2) | 0.0787 | Border | |
| 85 | Temple | (2-4-2) | 0.0719 | Independent | |
| 86 | Virginia Military Institute | (4-5-1) | 0.0653 | Southern | |
| 87 | Arizona | (4-4-2) | 0.0636 | Border | |
| 88 | Marquette | (4-5-0) | 0.0521 | Independent | |
| 89 | Brown | (3-5-1) | 0.0363 | Independent | |
| 90 | New Mexico State | (5-5-0) | 0.0343 | Border | |
| 91 | Brigham Young | (5-4-1) | 0.0217 | Mountain States | |
| 92 | Auburn | (4-6-0) | 0.0115 | Southeastern | |
| 93 | San Francisco | (3-6-0) | -0.0055 | Independent | |
| 94 | Maryland | (3-6-0) | -0.0133 | Southern | |
| 95 | Montana | (4-4-0) | -0.0380 | Pacific Coast | |
| 96 | California | (2-7-0) | -0.0558 | Pacific Coast | |
| 97 | Santa Clara | (2-5-1) | -0.0652 | Independent | |
| 98 | Wichita State | (5-5-0) | -0.0830 | Missouri Valley | |
| 99 | Baylor | (1-8-0) | -0.0915 | Southwest | |
| 100 | Washington State | (1-6-1) | -0.1020 | Pacific Coast | |
| 101 | Texas-El Paso | (3-6-0) | -0.1063 | Border | |
| 102 | Iowa State | (2-6-1) | -0.1484 | Big Six | |
| 103 | St. Louis | (4-6-0) | -0.1668 | Missouri Valley | |
| 104 | Washington & Lee | (2-6-0) | -0.1752 | Southern | |
| 105 | Davidson | (4-5-0) | -0.1769 | Southern | |
| 106 | Citadel | (3-5-0) | -0.2013 | Southern | |
| 107 | Furman | (2-8-0) | -0.2057 | Southern | |
| 108 | Merchant Marine | (4-7-0) | -0.2066 | Independent | |
| 109 | Bucknell | (3-6-0) | -0.2090 | Independent | |
| 110 | Florida | (0-9-0) | -0.2443 | Southeastern | |
| 111 | Fordham | (0-7-0) | -0.2748 | Independent | |
| 112 | Arizona State | (2-7-2) | -0.3051 | Border | |
| 113 | Drake | (2-6-1) | -0.3309 | Missouri Valley | |
| 114 | Lafayette | (2-7-0) | -0.3662 | Independent | |
| 115 | Wyoming | (1-8-1) | -0.3749 | Mountain States | |
| 116 | Colorado State | (2-7-0) | -0.4314 | Mountain States | |
| 117 | Kansas State | (0-9-0) | -0.4464 | Big Six | |
| 118 | Portland | (2-7-1) | -0.4685 | Independent | |
| 119 | Idaho | (1-8-0) | -0.5000 | Pacific Coast |
Average Ratings by Conference (1946)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Big Nine | 0.3774 | |
| 2 | Southeastern | 0.3701 | |
| 3 | Southwest | 0.3191 | |
| 4 | Independent | 0.2110 | |
| 5 | Southern | 0.1617 | |
| 6 | Pacific Coast | 0.1428 | |
| 7 | Big Six | 0.1055 | |
| 8 | Border | 0.0972 | |
| 9 | Missouri Valley | 0.0311 | |
| 10 | Mountain States | -0.0090 |