This paper proposes a probabilistic health index-based method for estimating the apparent age of power transformer. Compared with the conventional weighted-score-sum based health index, the probabilistic health index is calculated as a data fusion result of kinds of transformer condition monitoring data through a constructed Bayesian belief network. The regression result of such a probabilistic health index is then applied to estimate the apparent age of the transformer through a few steps listed in the paper. The apparent age not only embodies an overall health status a transformer but also helpful for sorting a transformer fleet based on the estimated apparent age or even make it easy to make comparisons between transformer fleets. The estimated apparent age can be taken as a reference for power utilities to prioritize transformers and pay attention to the unit who owns the maximum apparent age among a fleet, thus helps to schedule replacement plans. Case studies with different transformers verify the usability and prove the advantages of the proposed method. INDEX TERMS Apparent age, Bayesian belief network, condition monitoring data, health index, power transformer.