Analog electronic circuits play an essential role in many industrial applications and control systems. The traditional way of diagnosing failures in such circuits can be an inaccurate and time-consuming process; therefore, it can affect the industrial outcome negatively. In this paper, an intelligent fault diagnosis and identification approach for analog electronic circuits is proposed and investigated. The proposed method relies on a simple statistical analysis approach of the frequency response of the analog circuit and a simple rule-based fuzzy logic classification model to detect and identify the faulty component in the circuit. The proposed approach is tested and evaluated using a commonly used low-pass filter circuit. The test result of the presented approach shows that it can identify the fault and detect the faulty component in the circuit with an average of 98% F-score accuracy. The proposed approach shows comparable performance to more intricate related works.