The thermodynamic performance of an industrial waste heat recovery-based trigeneration system is studied through energy and exergy efficiency parameters. The effects of exhaust gas inlet temperature, process heat pressure, and ambient temperature on both energy and exergy efficiencies, and electrical to thermal energy ratio of the system are investigated. The energy efficiency increases while electrical to thermal energy ratio and exergy efficiency decrease with increasing exhaust gas inlet temperature. On the other hand, with the increase in process heat pressure, energy efficiency decreases but exergy efficiency and electrical to thermal energy ratio increase. The effect of ambient temperature is also observed due to the fact that with an increase in ambient temperature, energy and exergy efficiencies, and electrical to thermal energy ratio decrease slightly. These results clearly show that performance evaluation of trigeneration system based on energy analysis is not adequate and hence more meaningful evaluation must include exergy analysis. The present analysis contributes to further information on the role of exhaust gas inlet temperature, process heat pressure, ambient temperature influence on the performance of waste heat recovery-based trigeneration from a thermodynamic point of view. Copyright (C) 2009 John Wiley & Sons, Ltd.