This research presents a systematic method to evaluate the performance of accepted investment companies listed on Tehran Stock Exchange. The analysis is based on a set of criteria that are determined by experts and the values of criteria’s are extracted from the actual data reported to stock exchange. The efficiency measurement carried out by value efficiency analysis, which is an extension of data Envelopment Analysis. Finally, according to the model’s results, the efficient investment companies are introduced and they are ranked based on the defined criteria. The preliminary results indicate that both methods are capable of providing appropriate rankings for different financial firms.