The paper intends to contribute to the debate on ranking and league tables by adopting a critical approach to ranking methodologies from the point of view of a university benchmarking exercise. The absence of a strict benchmarking exercise in the ranking process has been, in the opinion of the author, one of the major problems encountered in the ranking systems and procedures at all levels, regional, national and international. The benchmarking exercise of ten Canadian research intensive universities at the departmental level should contribute to a re-examination of the typology of the world class ranking systems and suggest reconstruction paths on several major issues. (Contains 4 footnotes.)