eng Oriental Scientific Publishing Company Biosciences Biotechnology Research Asia 0973-1245 2016-06-21 12 Spl.Edn.2 459 471 10.13005/bbra/2223 13001 article Mostafa Afshar 1 Mahmood Mahjoor 2 The Invited Accounting Professor at Molana Institution of Non-Profit Higher Education, Abyek. Master of Accounting, Azad University of Tekestan, Qazvin, Iran. One of the factors influencing the stock price change and sustainability is the company’s financial performance. Financial performance can be evaluated by means of financial ratios. Hence, in this research, Financial performance evaluation indices relationship and evaluation ratings which are included as Return on assets, Return on equity, Net income to sales, The ratio of operating profit to sales, Asset turnover ratio, Inventory turnover ratio, Current ratio, Quick Ratio, The ratio of cash flow, Leverage, Long-term debt to equity ratio with changes in The price of the common ordinary shares have been investigated. For ranking the companies based on Performance evaluation indicators, TOPSIS method has been used. The research sample was 100 accepted companies in Tehran stock market in years 2007_2012 that were selected by screening. Hypothesis testing has been done by multiple regression and generalized least squares method by means of Data layout panel. Moreover, for determining the significant difference of Changes in the price of ordinary shares of the companies, with the upper and lower ranking from the view of Performance evaluation indicators, the Mann- Whitney Method has been used. The results indicate that there is a significant relationship between net income and sales, Return on assets, Return on equity, Net income to sales, The ratio of operating profit to sales, Asset turnover ratio, Inventory turnover ratio, Current ratio, Quick Ratio, The ratio of cash flow, Leverage, Long-term debt to equity with the price changes of Tehran stock market. Besides, the research findings show that there is a negative significant relationship between the Overall rating of the company based on performance evaluation indicators and Changes in prices of ordinary shares. https://www.biotech-asia.org/vol12_nospl_edn2/the-relationship-between-performance-evaluation-indices-and-performance-rating-with-changes-in-the-price-of-companies-ordinary-shares/ Performance evaluation indicators; financial ratios; stock price; Topsis