Goaf has become one of the most significant sources of hazard affecting the safety of metal and nonmetal mines. Evaluation of goaf stability is of paramount importance for mine safety production. First, 13 indices such as rock mass structure, geological structure, and goaf volume are selected based on engineering experience and literature review to assess the stability of goaf. These indices are classified according to the characteristics of each factor, and a stability evaluation system for underground mine goaf is constructed. Second, the analytic hierarchy process method based on group decision theory is utilized to calculate the subjective weight of each index. Additionally, the CRITIC method is used to calculate the objective weight of each index. Finally, game theory is used to combine the subjective and objective weights, thereby improving the accuracy of the index weight. The stability grade of the goaf is calculated using the normal cloud model. The FLAC3D numerical simulation is used to analyze the stability of the goaf and verify the accuracy of the model. The abovementioned model is utilized for assessing the stability of the goaf in the Duimenshan mine section. The results indicate that 90% of the goaf area is in a stable or relatively stable condition, while the remaining 10% is unstable. The evaluation outcomes were compared with FLAC3D numerical simulations, highlighting a scientific and reliable method with an accuracy rate of 90%.