Included are a testing step (S1) for determining the relation between the shear stress amplitude of a rolling contact metallic material and the number of loading by means of an ultrasonic torsional fatigue test, and a shear fatigue strength determining step (S2) for determining the shear fatigue strength τlim, within the ultra long life regime from the relation between the shear stress amplitude and the number of loadings, which relation has been determined during the test step (S1), in accordance with a predetermined standard. It is a completely reversed torsional fatigue test, in which torsional vibrations, respective torsions in the positive rotational direction and reversed rotational direction of which are symmetrical relative to each other, are applied to a test piece (1).