In this paper, 3D roll tensioning elastoplastic model was built by finite element method and the research object was a common circular saw blade body with hole, slot, and scraper structure. The theoretical calculation results show that there are areas dominated by tangential compressive stress near slot and scraper of roll tensioned saw blade body, which is not the expected result. It is proved that residual stress of saw blade body can be regulated by combining roll tensioning and local plastic compression process in this paper. The theoretical calculation results show that the outer edge of saw blade body near slot and scraper becomes area dominated by tangential tensile stress after the improved tensioning process. The improved tensioning process has little effect on stiffness and waist strength of circular saw blade.