A Steel plate shear wall can be used as one of the lateral force resistant elements in buildings. It have many advantages from a structural point of view such as ductility, energy absorption capacity and initial stiffness etc. In this study to grasp the behavior of steel plate shear wall considering material and geometrical non-linearity, the FEM analyses were carried out using ANSYS(ver. 5.6) program. The analysis results were fully discussed and compared with test results to verify the validity of analysis method. The object of this study is to find out analytically the elasto-plastic behavior of un-stiffened steel plate shear wall.