The reflectivity of a grid ferrite electromagnetic wave absorber is analyzed using finite difference time domain (FDTD) method, which is usually used in anechoic chambers for EMI / EMS test. The frequency dispersive characteristics of ferrite medium and its boundary condition are modeled using magnetic flux in addition to E- and H-fields. By applying Floquets theorem, FDTD analysis of the grid ferrite absorber with periodic infinite array is simplified as a unit cell problem. The method of homogenization which is mainly utilized in the calculation of absorber reflectivity as a low frequency technique takes only into account volume fraction of the unit cell of the absorber except for the structure of medium geometry. However, the presented method in this paper can analyze the geometry effect of the unit cell with its medium characteristics up to high frequency region.