

This research aimed to determine the relative importance of four criteria for decision-making by using each one with a popular decision-making method and evaluating the outcomes and using these criteria to provide ranked alternatives (according to each criterion’s relative importance) for making an investment decision. The four criteria were obtained from a comprehensive literature review related to securities investment. The investment data analyzed were past investment data on trading securities under the Energy and Utilities category of the SET50 index in the Stock Exchange of Thailand. The analysis was done through an Analytic Hierarchy Process (AHP) and a Technique for Order of Preference by Similarity to the Ideal Solution (TOPSIS). Opinions of three experts with experience in giving securities investment advice were collected and arranged into pair-wise comparison matrices that were used in AHP. AHP and TOPSIS calculations were done in Microsoft Excel. The results of the study show that the most important criterion was financial fundamentals with a weight of 44.59%; the second rank criterion was technical factors with a weight of 20.15%; the third-rank criterion was risk factors with a weight of 19.64%; and the last rank criterion was fundamentals of structure and sustainable development with a weight of 15.62%. In addition, the outcome of security ranking by TOPSIS and the past security ranking data were significantly similar as analyzed by a hypothesis statistical test with two dependent samples.