A magnetic bearing is provided with a simulating circuit for estimating a displacement of a rotor on the basis of a force which is exerted on the rotor. An output of the simulating circuit is compared with an actual displacement signal. A delay circuit and a subtracter are provided to subtract a run-out, which was estimated one period before the rotation of the rotor, from the displacement signal. A displacement signal from which the run-out component was eliminated is set to a new displacement signal. A signal which is obtained by adding an estimated run-out of one period before, namely, an output of the delay circuit to the run-out which was estimated by comparing the output of the simulating circuit with the new displacement signal is newly inputted to the delay circuit. Due to this, the run-out component is eliminated from the displacement signal of the magnetic bearing, the load on power amplifiers for driving the electromagnets is reduced, there is a surplus for a saturation which is caused in a high frequency band, the reliability of the control system is improved, and deterioration of positional accuracy due to the run-out is prevented.