A compact pipe specimen applicable to a fracture toughness test used to evaluate physical properties of a pipe material is provided. The compact pipe specimen includes: a pipe having a notch portion formed in a circumferential direction and a crack portion formed at the edge of the notch portion; and first and second jigs having openings to which a pressurizing unit is coupled so as to cause a bending load on the pipe, having the notch portion therebetween, and attached to the exterior surface of the pipe, respectively. It is unnecessary to correct the influence of a constraint effect due to varying sizes and shapes of the specimen. There is no restriction to the curvature and thickness of a pipe. A fracture behavior of a pipe crack portion can be precisely simulated.