Provided is an apparatus for analyzing the state of oil-filled electrical devices. The apparatus simulates the state of an oil-filled electrical device in which copper wire wrapped in insulating paper is immersed in insulating oil. The apparatus for analyzing the state of oil-filled electrical devices includes a first paper-covered copper wire and a second paper-covered copper wire, which are adjacent to each other; a tank which holds the first and second paper-covered copper wires as well as insulating oil extracted from the oil-filled electrical device, thereby immersing the first and second paper-covered copper wires in the insulating oil; and a capacitance measurement unit which measures the capacitance between the first and second paper-covered copper wires. The first and second paper-covered copper wires includes copper wire and insulating paper wrapped therearound. The insulating paper wrapper around each copper wire includes the same material as the insulating paper in the oil-filled electrical device.