After bowl games were played, SMU earned the No. 1 spot in the final HERO Sports Group of Five Top 25 of the 2023 season.
JMU, Liberty, Memphis, and Tulane are in the top five. Here’s a look at the rest of the G5 Top 25 rankings.
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Group of Five College Football Power Rankings
| Rank | Team |
| 1 | SMU |
| 2 | JMU |
| 3 | Liberty |
| 4 (tie) | Memphis |
| 4 (tie) | Tulane |
| 6 | Troy |
| 7 | Boise State |
| 8 | UTSA |
| 9 | App State |
| 10 | Air Force |
| 11 | Wyoming |
| 12 (tie) | Miami (Ohio) |
| 12 (tie) | UNLV |
| 14 | Toledo |
| 15 | Fresno State |
| 16 | Ohio |
| 17 | Coastal Carolina |
| 18 | Texas State |
| 19 | Jacksonville State |
| 20 | San Jose State |
| 21 | New Mexico State |
| 22 | USF |
| 23 | Western Kentucky |
| 24 | South Alabama |
| 25 | Old Dominion |
| RV | Georgia State |
| RV | Army |
| RV | NIU |
| RV | Bowling Green |
HERO Sports writers Colton Pool, Marc Narducci, Robert Munoz, and Bennett Conlin contributed to this poll.
