What is the Best Measure for the Financial Performance Evaluation?

In this research we are to investigate the existence of relationship between refined economic value added and usual measurements of performance such as earnings per share and price to earning ratio. The results show that there is no significant relation between refined economic value added and the dependent variables. Although the existence of mentioned correlation has not proved but it does not mean that there is no relation between variables. The percent of correlation coefficients and calculated R-squared show that there is a weak relation between refined economic value added and usual measurements of performance such as earning per share and price to earning ratio. Nevertheless the relation is more significant for price to earning ratio than earning per share.