Many web applications demand a measure of similarity between two entities, such as collaborative filtering, web document ranking, linkage prediction, and anomaly detection. P-Rank (Penetrating-Rank) has been accepted as a promising graph-based similarity measure, as it provides a comprehensive way of encoding both incoming and outgoing links into assessment. However, the existing method to compute P-Rank is iterative in nature and rather cost-inhibitive. Moreover, the accuracy estimate and stability issues for P-Rank computation have not been addressed. In this article, we consider the optimization techniques for P-Rank search that encompasses its accuracy, stability, and computational efficiency. (1) The accuracy estimation is provided for...