The purpose of Superconducting Magnetic Bearing Flywheel Energy Storage System (SMB-FESS) is to store unused nighttime electricity until it is needed during daytime. An analytical model of the SMB-FESS is necessary to identify the system behavior. At first, we have to model the superconducting magnetic bearing. Modeling the SMB is same as estimating the bearing parameter. The theoretical modal parameter is calculated through the equation of motion and the experimental modal parameter is estimated through the impact testing (modal testing). The bearing parameter is searched by using the non-linear least square method until the theoretical result corresponds to the experimental result. The suggested modeling method is verified by comparing experimental and analytical frequency response function.