Financial performance evaluation of companies using TOPSIS approach: a case study of properties sector in Malaysia

The emergence of the property sector in Malaysia has been driven by the increasing of demand from consumers, reflecting the nation’s economic growth. Therefore, this study aims to assess the financial performance and rank the financial performance of the listed property companies in Malaysia using TOPSIS model. The data of this study consists of Sime Darby Construction Berhad, S P Setia, Glomac Berhad, SkyWorld Development Berhad, LBS Bina Group Berhad are listed property companies in Malaysian stock market. The results of this study show that SkyWorld Development Berhad achieves the first ranking, followed by Sime Darby Property Berhad, Glomac Berhad, LBS Bina Group Berhad and S P Setia Berhad within the study period of the year 2023. This study is significant because it helps to evaluate, compare and rank the financial performance of the listed property companies in Malaysia with the proposed conceptual framework based on TOPSIS model.