In the magnetic field analysis of magnetic devices using a ferrite core, such as a pulse transformer, the frequency-domain analysis is often carried out using the measured complex permeability under different frequency range. However, the nonlinear magnetic characteristics cannot be considered in the frequency-domain analysis because of the harmonics caused by it cannot be represented. The nonlinear magnetic characteristics can be considered in the time-domain analysis, but suitable constant conductivity and permittivity taking account of the microstructure of ferrite core, which can represent the measured complex permeability under different frequencies, needs to be investigated for the time-domain analysis. In this paper, the effective permeability of a toroidal ferrite core is tried to be demonstrated by using the linear ac steady state magnetic field analysis taking account eddy currents and displacement currents. It is shown that the measured permeability can be realized roughly by using the modified constant conductivity and permittivity. The nonlinear time-domain magnetic field analysis can be carried out using the modified constant conductivity and permittivity obtained from this paper.