In this paper, the Resistive Companion Form(RCF) analysis method is applied to analyze small signal stability of power systems including thyristor controlled FACTS equipments such as SVC. The eigenvalue sensitivity analysis algorithm in discrete systems based on the RCF analysis method is presented and applied to the power system including SVC. As a result of simulation, the RCF analysis method is proved very effective to precisely calculate the variations of eigenvalues or newly generated unstable oscillation modes after periodic switching operations of SVC. Also the eigenvalue sensitivity analysis method based on the RCF analysis method enabled to precisely calculate eigenvalue sensitivity coefficients of controller parameters about the dominant oscillation mode after periodic switching operations in discrete systems. These simulation results are different from those of the conventional continuous system analysis method such as the state space equation and proved that the RCF analysis method is very effective to analyze the discrete power systems including periodically operated switching equipments such as SVC.