Physical characteristics of elite male bandy players have not been studied for the last 30 years. Therefore, the purpose of this study was to evaluate the physical characteristics of elite male bandy players with respect to playing positions. A cross-sectional study was performed that included 25 male bandy players from one of the highest-ranked bandy leagues in the world. Body weight, length, isometric mid-thigh pull, countermovement jump, squat jump, unilateral long jump, bilateral long jump, 15- and 30-m sprint, 15-m flying sprint, and VO2max were tested. Players were divided into forwards, midfielders, and defenders. Forwards had significantly (p = 0.012) higher relative VO2max than defenders (59.8 ± 4.3 compared to 53.0 ± 5.6 mL/kg/min). No significant differences for any of the other measurements were observed between positions. This is the first study to present the physical characteristics between playing positions in off- and on-ice tests for male bandy players competing at the highest level. Today's bandy players are heavier and have lower relative VO2max compared with players in the early 1990s. However, their work capacities have increased since their absolute VO2max is higher. These results provide benchmark values that can serve as a foundation for strength and conditioning professionals when designing future training programs.