In the present paper a multicriteria analysis of a Rankine Pumped Thermal Electricity Storage (PTES) system with low-grade thermal energy integration is performed. The system is composed by an ORC for the discharging phase and a high-temperature heat pump for the charging phase. As previously demonstrated, the low-grade thermal energy can be provided at the heat pump evaporator to boost the PTES performances. As it regards the multi-criteria analysis, a tradeoff is required when electric-to-electric energy ratio eta(rt), total exergy exploitation efficiency psi(ut) and energy density rho(en), are maximized concurrently. By means of multi-objective optimization, theoretical performances of the system are derived in two different layouts, which are differentiated by the presence, or not, of internal regeneration in charge and discharge subsystems. Results showed that regeneration can be very effective, as it relaxes the tradeoff between the objectives, thus yielding better global performances. Pareto fronts are built and explored to characterize the PTES system. Configurations of interest are proposed, and PTES performances are compared with other storage technologies. Theoretical results showed that, by exploiting thermal energy at temperature lower than 80 degrees C, eta(rt) approximate to 0.55 and rho(en) approximate to 15 kWh/m(3) can be concurrently achieved. This can be done at the cost of an inefficient exploitation of the thermal source, as psi(ut) approximate to 0.05. If higher total exergy utilization efficiency is required, storage density can still be maintained high, but eta(rt) must drop down to 0.4.