The Finite Element Method(FEM), which is existing stress analysis method, requires substantial amounts of efforts for analysis of perforated plates. An equivalent solid plate analysis method is developed in this paper. A perforated plate is assumed to be an equivalent solid plate in this method. Stress analysis is performed for this equivalent solid plate using effective material properties, and then these stresses are converted to the actual stresses of the original perforated plate. A case study is conducted for a rectangularly arrayed perforated plate using the proposed method in this paper. Compared and analyzed with respect to those calculated by the existing stress analysis method, the result seems to be satisfied in terms of its practicality and more conservative with respect to margin in design application.