In this paper, the electrical angle between two winding axes in the stator of the capacitor motor is put optional angle, deviding the space harmonics in its magnetic field of two windings and the leakage flux into the forward revolving field and the backward one by the revolving-field theory, its equivalent circuit which consider mutual induction between two windings is depicted. In the depicted equivalent circuit, the rotor resistance for the fundamental flux is devided into the resistance for the rotor bar and endring, and the rotor leakage reactance for the fundamental is devided into the skew leadage reactance and the other, and each circuit constants for each harmonics is expressed in terms of the circuit constants for the fundamental, so it mades easy to determine the characteristics for the capacitor motor. As the circuit constant ratios to the magnetizing reactance of the fundamental are used, motors which have same circuit constant ratios should be resembled in their characteristics.