market capitalization, earnings per share (EPS), price to earnings per share (P/E), market to book value (P/B), return on equity (ROE), effective stock market.


Recently, as is well known, various methods of multi-criteria analysis are increasingly used in the evaluation of the performance of companies from all sectors. They can be successfully used in the ranking of companies - issuers (sellers) of securities (shares) according to stock market indicators, as criteria used on effective stock exchanges. This feature enables them to gain a better insight into the competitiveness of companies – issuers of acacia shares on effective stock exchanges. Likewise, potential investors (buyers) are able to understand better the economic profitability of investing in the shares of certain companies. In the current paper, this fact is illustrated and confirmed on the example of applying the WASPAS method in the ranking of companies in Serbia from financial and insurance sector, which are listed on the Belgrade Stock Exchange, according to stock indicators as criteria used. The obtained results of the empirical research unequivocally showed that the application of the WASPAS method, compared to ratio analysis, gives far more reliable results for purposes of making decisions on investments.


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