Previous studies have quantified the efficiency of biomass torrefaction processes by proposing severity indexes to discuss the variability of thermally modified biomass properties. However, comparisons of the accuracy and applicability of those indexes are few in the literature. To fill that gap, this study sought to assess five indexes usually applied in some torrefaction studies: weight loss, index of torrefaction, torrefaction severity index, severity factor, and torrefaction severity factor. These indexes were compared to characterize torrefaction under different conditions, and their accuracy in evaluating, correlating and predicting the physical, chemical and energetical properties of torrefied eucalyptus. As a result, the five evaluated indexes presented R² > 0.84 andp-values ≤ 0.05 when evaluating basic properties. For all five indexes, there was a statistical significance when evaluating energy performance and R² > 0.81. The three yield property-based indexes were more effective in predicting torrefied product properties and energy performance parameters. The two operating condition-based indexes were more effective in analyzing solid product properties than devolatilization. This work provided insight into which index is more appropriate for research and industrial applications.