The major concern of networked control system is network uncertainties such as time delay and data loss. Because these uncertainties may degrade the performance of networked control system and destabilize the entire system. Therefore, the performance and the stability variation of networked control system due to network uncertainties must be considered first in designing networked control system. In particular, the stability analysis of networked control system is most important issue since time delay and data loss can make the overall systems unstable. In this paper, we present a new stability analysis method of networked control system with time delay and data loss, which is impossible in previous works. The proposed method can determine maximum time delay and allowable transmission rate that preserve stability performance of networked control system. The results of the simulation validate effectiveness of our stability analysis method.