This paper measures the cost and benefits of the journal collections (print and e-journal) subscribed in the year 2014 in the Central Library i.e. Maulana Azad Library of Aligarh Muslim University (AMU), India. This study quantified the benefits of journals getting by users (Research Scholars and Faculty Members) in to monetary terms (in Rupees) by the use of Contingent Valuation Method. The benefits of journals are based on estimates of how much the user is willing to pay for journals. For this purpose a total number of 280 and 350 questionnaires randomly were distributed among the Faculty members and Research Scholars in
all faculties of AMU, out of which 216 and 308 were completed and returned back by respondent, showing overall response rate of 77.14% and 88% respectively. The results revealed that Cost benefit Ratio (CBR) is 1:3.9 and Return on Investment (RIO) is 287%.