| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Penn State | (12-0-0) | 0.8945 | Independent | |
| 2 | Arizona State | (10-1-1) | 0.7521 | Pac 10 | |
| 3 | Miami (Florida) | (11-1-0) | 0.7034 | Independent | |
| 4 | Oklahoma | (11-1-0) | 0.6907 | Big Eight | |
| 5 | Alabama | (10-3-0) | 0.6853 | Southeastern | |
| 6 | Louisiana State | (9-3-0) | 0.6586 | Southeastern | |
| 7 | Michigan | (11-2-0) | 0.6383 | Big Ten | |
| 8 | UCLA | (8-3-1) | 0.5991 | Pac 10 | |
| 9 | Auburn | (10-2-0) | 0.5973 | Southeastern | |
| 10 | Stanford | (8-4-0) | 0.5841 | Pac 10 | |
| 11 | Washington | (8-3-1) | 0.5821 | Pac 10 | |
| 12 | Arizona | (9-3-0) | 0.5788 | Pac 10 | |
| 13 | Nebraska | (10-2-0) | 0.5766 | Big Eight | |
| 14 | Clemson | (8-2-2) | 0.5512 | Atlantic Coast | |
| 15 | Ohio State | (10-3-0) | 0.5427 | Big Ten | |
| 16 | Boston College | (9-3-0) | 0.5225 | Independent | |
| 17 | Southern California | (7-5-0) | 0.5168 | Pac 10 | |
| 18 | Georgia | (8-4-0) | 0.4890 | Southeastern | |
| 19 | Arkansas | (9-3-0) | 0.4831 | Southwest | |
| 20 | Texas A&M | (9-3-0) | 0.4701 | Southwest | |
| 21 | Baylor | (9-3-0) | 0.4697 | Southwest | |
| 22 | Virginia Tech | (9-2-1) | 0.4606 | Independent | |
| 23 | San Jose State | (10-2-0) | 0.4538 | PCAA | |
| 24 | Florida | (6-5-0) | 0.4491 | Southeastern | |
| 25 | Iowa | (9-3-0) | 0.4453 | Big Ten | |
| 26 | North Carolina State | (8-3-1) | 0.4295 | Atlantic Coast | |
| 27 | Mississippi | (8-3-1) | 0.4253 | Southeastern | |
| 28 | San Diego State | (8-4-0) | 0.3913 | Western Athletic | |
| 29 | Temple | (6-5-0) | 0.3718 | Independent | |
| 30 | Florida State | (7-4-1) | 0.3672 | Independent | |
| 31 | North Carolina | (7-4-1) | 0.3651 | Atlantic Coast | |
| 32 | Notre Dame | (5-6-0) | 0.3576 | Independent | |
| 33 | Fresno State | (9-2-0) | 0.3487 | PCAA | |
| 34 | Southern Methodist | (6-5-0) | 0.3434 | Southwest | |
| 35 | Brigham Young | (8-5-0) | 0.3383 | Western Athletic | |
| 36 | Pittsburgh | (5-5-1) | 0.3193 | Independent | |
| 37 | Maryland | (5-5-1) | 0.3171 | Atlantic Coast | |
| 38 | Michigan State | (6-5-0) | 0.3139 | Big Ten | |
| 39 | Tennessee | (7-5-0) | 0.3078 | Southeastern | |
| 40 | Rutgers | (5-5-1) | 0.3064 | Independent | |
| 41 | Texas Tech | (7-5-0) | 0.2976 | Southwest | |
| 42 | Oregon | (5-6-0) | 0.2969 | Pac 10 | |
| 43 | Mississippi State | (6-5-0) | 0.2862 | Southeastern | |
| 44 | Miami (Ohio) | (8-4-0) | 0.2831 | Mid-American | |
| 45 | Kentucky | (5-5-1) | 0.2679 | Southeastern | |
| 46 | Colorado | (6-6-0) | 0.2604 | Big Eight | |
| 47 | Georgia Tech | (5-5-1) | 0.2587 | Atlantic Coast | |
| 48 | Colorado State | (6-5-0) | 0.2497 | Western Athletic | |
| 49 | Syracuse | (5-6-0) | 0.2485 | Independent | |
| 50 | Minnesota | (6-6-0) | 0.2444 | Big Ten | |
| 51 | Hawaii | (7-5-0) | 0.2443 | Western Athletic | |
| 52 | Texas | (5-6-0) | 0.2388 | Southwest | |
| 53 | Tulsa | (7-4-0) | 0.2162 | Independent | |
| 54 | Air Force | (6-5-0) | 0.2062 | Western Athletic | |
| 55 | Indiana | (6-6-0) | 0.1957 | Big Ten | |
| 56 | Wyoming | (6-6-0) | 0.1900 | Western Athletic | |
| 57 | Washington State | (3-7-1) | 0.1896 | Pac 10 | |
| 58 | South Carolina | (3-6-2) | 0.1801 | Independent | |
| 59 | Cincinnati | (5-6-0) | 0.1695 | Independent | |
| 60 | Wake Forest | (5-6-0) | 0.1627 | Atlantic Coast | |
| 61 | Southern Mississippi | (6-5-0) | 0.1523 | Independent | |
| 62 | Toledo | (7-4-0) | 0.1485 | Mid-American | |
| 63 | Iowa State | (6-5-0) | 0.1473 | Big Eight | |
| 64 | Illinois | (4-7-0) | 0.1391 | Big Ten | |
| 65 | Long Beach State | (6-5-0) | 0.1198 | PCAA | |
| 66 | Army | (6-5-0) | 0.1162 | Independent | |
| 67 | West Virginia | (4-7-0) | 0.1060 | Independent | |
| 68 | Oklahoma State | (6-5-0) | 0.1026 | Big Eight | |
| 69 | Nevada-Las Vegas | (6-5-0) | 0.0963 | PCAA | |
| 70 | Oregon State | (3-8-0) | 0.0827 | Pac 10 | |
| 71 | Louisiana-Lafayette | (6-5-0) | 0.0738 | Independent | |
| 72 | California | (2-9-0) | 0.0674 | Pac 10 | |
| 73 | Duke | (4-7-0) | 0.0646 | Atlantic Coast | |
| 74 | Eastern Michigan | (6-5-0) | 0.0540 | Mid-American | |
| 75 | New Mexico | (4-8-0) | 0.0410 | Western Athletic | |
| 76 | Ball State | (6-5-0) | 0.0128 | Mid-American | |
| 77 | Texas-El Paso | (4-8-0) | 0.0120 | Western Athletic | |
| 78 | Wisconsin | (3-9-0) | 0.0054 | Big Ten | |
| 79 | Northwestern | (4-7-0) | -0.0024 | Big Ten | |
| 80 | Bowling Green State | (5-6-0) | -0.0101 | Mid-American | |
| 81 | Central Michigan | (5-5-0) | -0.0186 | Mid-American | |
| 82 | Pacific | (4-7-0) | -0.0342 | PCAA | |
| 83 | Purdue | (3-8-0) | -0.0391 | Big Ten | |
| 84 | Virginia | (3-8-0) | -0.0410 | Atlantic Coast | |
| 85 | Kent State | (5-6-0) | -0.0670 | Mid-American | |
| 86 | Tulane | (4-7-0) | -0.0765 | Independent | |
| 87 | Rice | (4-7-0) | -0.0774 | Southwest | |
| 88 | East Carolina | (2-9-0) | -0.0778 | Independent | |
| 89 | Missouri | (3-8-0) | -0.1046 | Big Eight | |
| 90 | Texas Christian | (3-8-0) | -0.1136 | Southwest | |
| 91 | Utah | (2-9-0) | -0.1171 | Western Athletic | |
| 92 | Western Michigan | (3-8-0) | -0.1620 | Mid-American | |
| 93 | Vanderbilt | (1-10-0) | -0.1789 | Southeastern | |
| 94 | Wichita State | (3-8-0) | -0.1821 | Independent | |
| 95 | Houston | (1-10-0) | -0.1955 | Southwest | |
| 96 | Kansas | (3-8-0) | -0.1987 | Big Eight | |
| 97 | Louisville | (3-8-0) | -0.2066 | Independent | |
| 98 | Fullerton State | (3-9-0) | -0.2122 | PCAA | |
| 99 | Utah State | (3-8-0) | -0.2202 | PCAA | |
| 100 | Northern Illinois | (2-9-0) | -0.2439 | Independent | |
| 101 | Navy | (3-8-0) | -0.2570 | Independent | |
| 102 | Kansas State | (2-9-0) | -0.3803 | Big Eight | |
| 103 | Memphis | (1-10-0) | -0.4149 | Independent | |
| 104 | Ohio | (1-10-0) | -0.4811 | Mid-American | |
| 105 | New Mexico State | (1-10-0) | -0.5038 | PCAA |
Average Ratings by Conference (1986)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Pac 10 | 0.4249 | |
| 2 | Southeastern | 0.3987 | |
| 3 | Atlantic Coast | 0.2635 | |
| 4 | Big Ten | 0.2483 | |
| 5 | Southwest | 0.2129 | |
| 6 | Western Athletic | 0.1729 | |
| 7 | Independent | 0.1711 | |
| 8 | Big Eight | 0.1367 | |
| 9 | PCAA | 0.0061 | |
| 10 | Mid-American | -0.0267 |