Quantitative evaluation of the tribological conditions at the tool-workpiece interface in metal forming is usually accomplished by the ring compression test. This paper describes an experimental investigation into friction factor under warm forming conditions according to the lubricants and the lubricating methods using the ring compression test. Four different lubricants, two water based graphite and two oil based graphite lubricants, and three different lubricating methods were applied in the experiments. Calibration curves with the friction shear factor were obtained using FEM analysis and verified by the experimental results. The influence of lubricant and lubricating methods on friction are discussed. In the ring compression test, the lower friction factor got to spray the oil based lubricant on die and billet in warm forging temperature.