The 29-year old, who scored the winner against Manchester City on Wednesday night to put Spurs into fourth place where they are now guaranteed a Champions League spot, said Tottenham had now shrugged the underachievers tag and were looking to build on this season's success.
"This Spurs squad ranks alongside that Liverpool one, without a doubt," said Crouch.
"We got to a Champions League final, we were extremely organised and we had fantastic players, but the squad here is just as good.
"When I first came in, I thought to myself, how on earth are we not challenging for things when we've got international players out of the side and we've got international players to replace them?
"I knew we had a fantastic squad of players and had probably underachieved for so many years.
"I'd worked with the manager before and knew we had a fantastic squad, but with the teams we were up against, for us to break into the top four is a big achievement and something we can be very proud of.
"I was looking at the games we've won, and we've won more than anyone below us. On that score we deserve to be in fourth spot."