Superplastic punch forming of sheets is simulated by a finite element method to obtain the optimal punch speed and the related deformed shapes. The punch forming has an advantage of guaranteeing the desired accuracy inside a product and controlling the thichness of a deformed sheet more accurately than blow forming. The finit element code developed is associated with the contact algorithm and the control algorithm of punch speed for the optimum forming. The simulation demonstrates that the variation of the thichness in a blank sheet affects the punch speed and the final distribution of the thichness in a product. The analysis proposes that a ring-typed thichness controller is very effective in controlling the thichness of a deformed sheet appropriately.