We compiled, assessed, and ranked refractory high-entropy alloys (RHEAs) from the existing literature to identify promising coating materials for hot-forging dies. The selection methodology was rigorously guided by decision science principles, seamlessly integrating multiple attribute decision making (MADM), principal component analysis (PCA), and hierarchical clustering (HC). By employing a combination of twelve diverse MADM methods, we successfully ranked a total of 22 RHEAs. This analytical technique unveiled the top five RHEAs: Ti20-Zr20-Hf20-Nb20-Cr20, Al20.4-Mo10.5-Nb22.4-Ta10.1-Ti17.8-Zr18.8, Ti20-Zr20-Hf20-Nb20-V20, Al11.3-Nb22.3-Ta13.1-Ti27.9-V4.5-Zr20.9, and Al7.9-Hf12.8-Nb23-Ta16.8-Ti18.9-Zr20.6 pertinent for generating data on other significant properties, including wear resistance, fatigue (both thermal and mechanical), bonding compatibility with the substrate die material, oxidation resistance, potential reactions with the workpiece, cost-effectiveness, fabricability, and more. The three highest-ranked RHEAs share key characteristics, including a body-centered cubic (BCC) crystal structure, thermal conductivity below ~70 W/mK, and impressive yield strength at ambient and elevated temperatures, surpassing 1100 MPa. Moreover, they exhibit a remarkable ~73% similarity among themselves. The decision science-driven analyses yield sound metallurgical insights and provide valuable guidelines for developing RHEA coatings tailored for hot-forging dies. The strategy for designing RHEA-based coating materials for hot-forging dies should focus on compositions featuring a substantial presence of refractory metals while maintaining a BCC crystal structure. This combination is likely to deliver the desired blend of thermal and mechanical properties, rendering these coatings exceptionally well-suited for the demanding requirements of hot-forging operations.