Electrical stimulators are widely used in neuro-prostheses. Many different implementations exist. However, no quantitative ranking criterion is available to allow meaningful comparison of the various stimulation circuits and systems to aid the designer. This paper presents a novel Figure of Merit (FOM) dedicated to stimulation circuits and systems. The proposed optimization performance metric takes into account tissue safety conditions and energy efficiency which can be evaluated by measurement. The FOM is used to rank several stimulator circuits and systems.