Analysis of the Financial Performance of Turkish Listed Oil Companies Through the Application of SD and MAUT Methods

In this study, the SD (Standard Deviation) and the MAUT (Multi-attribute Utility Theory) methods areemployed to construct a decision-making model in evaluating the performance of Turkish listed oilcompanies. The criteria selected for the performance evaluation model in the study consist of traditionalaccounting and market-based performance indicators such as profit per share, price-earnings ratio,Tobin's q, market value-book value, stock returns, market value added, beta coefficient and stock returnvolatility. While the priority weights of the performance evaluation criteria are derived from SD method,the financial performance of oil companies are ranked with MAUT methods. According to the results of therankings of the five oil companies from 2010 to 2019, Türkiye Petrol Rafinerileri A.Ş. (TUPRS) is the bestcompany. The results based on the performance evaluation model reveal that companies following TUPRSin the performance ranking should revise their competition strategies.