The 1947–48 Scottish Division B was won by East Fife who, along with second placed Albion Rovers, were promoted to the Division A. Leith Athletic finished bottom and were relegated.
| Season | 1947–48 |
|---|---|
| Champions | East Fife |
| Promoted | East Fife Albion Rovers |
← 1946–47 1948–49 → | |
Table
edit| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | East Fife | 30 | 25 | 3 | 2 | 103 | 36 | +67 | 53 | Promotion to the 1948–49 Division A |
| 2 | Albion Rovers | 30 | 19 | 4 | 7 | 58 | 49 | +9 | 42 | |
| 3 | Hamilton Academical | 30 | 17 | 6 | 7 | 75 | 45 | +30 | 40 | |
| 4 | Raith Rovers | 30 | 14 | 6 | 10 | 83 | 66 | +17 | 34 | |
| 5 | Cowdenbeath | 30 | 12 | 8 | 10 | 56 | 53 | +3 | 32 | |
| 6 | Kilmarnock | 30 | 13 | 4 | 13 | 72 | 62 | +10 | 30 | |
| 7 | Dunfermline Athletic | 30 | 13 | 3 | 14 | 72 | 71 | +1 | 29 | |
| 8 | Stirling Albion | 30 | 11 | 6 | 13 | 65 | 66 | −1 | 28 | |
| 9 | St Johnstone | 30 | 11 | 5 | 14 | 69 | 63 | +6 | 27 | |
| 10 | Ayr United | 30 | 9 | 9 | 12 | 59 | 61 | −2 | 27 | |
| 11 | Alloa Athletic | 30 | 10 | 6 | 14 | 56 | 77 | −21 | 26 | |
| 12 | Dumbarton | 30 | 9 | 7 | 14 | 66 | 79 | −13 | 25 | |
| 13 | Arbroath | 30 | 10 | 3 | 17 | 55 | 62 | −7 | 23 | |
| 14 | Stenhousemuir | 30 | 6 | 11 | 13 | 53 | 83 | −30 | 23 | |
| 15 | Dundee United | 30 | 10 | 2 | 18 | 58 | 88 | −30 | 22 | |
| 16 | Leith Athletic | 30 | 6 | 7 | 17 | 45 | 84 | −39 | 19 | Relegated to the 1948–49 Division C |
Source: "1947-1948 Division B - SPFL Archive". SPFL. Retrieved 2021-04-29.