Armenian Premier League player values updated: nine Noah players make the top 10

Transfermarkt has updated the market values of Armenian Premier League players following the end of the 2025/26 season.

After the latest update, three players in the Armenian championship now share the highest market value of €900,000. They are Valentin Costache, Nardin Mulahusejnović and Hélder Ferreira.

At the same time, Noah dominate the top 10 list of the most valuable players in the league, with nine players from the club included in the ranking. This reflects not only the team’s successful season, but also Transfermarkt’s high assessment of Noah’s squad.

The most valuable Armenian players in the league remain Sergey Muradyan, Zhirayr Shaghoyan and Artur Serobyan. Their market values have not changed and remain at €500,000 each.

The biggest increase after the update belongs to Alashkert’s Brazilian midfielder Rafael Jesus. His market value has risen by €150,000 and now stands at €250,000.

Several other players also saw their values increase by €100,000. The list includes Hélder Ferreira, Nardin Mulahusejnović, Bruno Michel, Momo Yansané, as well as Gandzasar’s Michael Kwaku, who had not previously been valued on the portal.

Among Armenian players, Aram Khamoyan showed the most notable progress. His value increased by €75,000 and now stands at €200,000.

There were also some significant drops. Timothy Fayulu and Takuto Oshima each lost €200,000 in market value.