The overall material constant of a composite material is computed where the composite material includes multiple kinds of material components in a matrix phase, each of the material constants of the material components and the matrix phase being known. First, for the composite material, an equation, having the material constant of a virtual composite material as an unknown, is prepared by defining the virtual composite material in which each of the material components is dispersed in a form of spherical particles in the matrix phase at a known volume fractions. Next, the overall material constant of the virtual composite material is found as the overall material constant of the composite material by solving the equation. In this case, the equation is a recursive equation which is obtained using the self-consistent method. The volume fraction of a material component in the composite material is computed using the equation.