Modeling the non-electrical processes by equivalent electrical circuits is a widely known and successfully used technique in research and development. Although finite element methods software development has supplanted electrical analogy techniques due to greater accuracy and intuitiveness in recent decades, the modeling of physical processes based on analogies has several advantages in some cases. Representation of physical processes in the form of lumped circuits and graphs allows researchers to estimate the system with an alternative view, use standardized methods for solving electrical circuits for non-electrical systems, and, most importantly, allows us to use electrical circuit simulators with their unique capabilities. Of particular interest for using the analogy technique are systems that include electronic components along with components belonging to other physical domains, such as mechanical, thermal, magnetic, and others. A solid-state magnetoelectric (МЕ) sensor equipped with a charge amplifier is proposed in this study as an example of analysis using the equivalent electrical circuit and simulating these circuits using SPICE-based circuit simulators. Sensor analysis is conducted with an emphasis on noise budgeting and optimizing the sensor’s signal-to-noise ratio and resolution. In addition, the steady state, the phasor, and transient types of analyses were employed to study the static and dynamic behavior of the system. Validation of the model using analytical calculations and comparison with experimental data demonstrated superior results.