The invention discloses a method of eliminating ferromagnetic resonances. A sine fitting algorithm is utilized to identify ferromagnetic resonances and one-phase grounding faults, according to the method, zero sequence voltage sampling data are subjected to fitting, whether zero sequence voltages are in fundamental frequency quantity can be judged according to the amplitude of a fitting function, wave distortion characteristics of the zero sequence voltages in the fundamental resonances are utilized to construct a wave distortion degree function, and degrees of wave distortion are calculated to distinguish the fundamental resonances and the one-phase grounding. The method has the advantages of being simple in principle, small in calculation amount, and high in sensitivity, the fundamental resonances and the one-phase grounding are accurately distinguished, and moreover ferromagnetic resonance faults are eliminated.