The aim of this study was to analyze the psychometric properties of the Purpose in Life Test‐Short Form (PIL‐SF), a brief self‐report measure of the presence of meaning in life (MiL). Participants were 349 nonclinical Spanish undergraduates (225 women, 64.5%, and 124 men, 35.5%), age ranged between 18 and 26 years (M = 20.85; SD = 2.16). The PIL‐SF, the Seeking of Noetic Goals‐8 Items (SONG‐8), the Satisfaction with Life Scale (SWLS), and the Oxford Happiness Questionnaire (OHQ) were used. Descriptive analysis, estimation of the internal consistency, and Confirmatory Factor Analysis of the PIL‐SF were conducted, and correlations between the PIL‐SF and the SONG‐8, the SWLS, and the OHQ were calculated. The PIL‐SF showed good internal consistency and an excellent fit as a unidimensional scale confirming its factorial structure. Regarding construct validity, correlations between the PIL‐SF and SWLS (r= 0.59) and OHQ (r = 0.56) were positive, significant (p < 0.001), while correlation between PIL‐SF and SONG‐8 was negative, significant (r = −0.23, p < 0.001). The Spanish adaptation of PIL‐SF seems to be a valid measure of MiL with good internal consistency.