In this paper, the vibration characteristics of the trapezoidal corrugated plate with axial stiffeners and lumped masses are investigated by the analytical method. The corrugated plate can be treated as an equivalent orthotropic plate as this plate has different flexure properties in two perpendicular directions; flexible in the corrugation direction and stiff in the transverse direction. The effective extensional and flexural stiffness of the equivalent plate are considered to obtain the precise solution in the analysis. The plate is stiffened by concentric stiffeners horizontally to the corrugation direction. The discrete stiffener theory is adopted to consider the position of stiffener. To demonstrate the validity of the proposed approach, the comparison is made with the results of 3D ANSYS finite element solutions. Some numerical results are presented to check the effect of the geometric properties.