Generally, to evaluate a slope stability of the geosynthetic reinforced soil slope, the modified version of limit equilibrium method can be used. In most cases, resisting effects of reinforcement are dealt with considering an increased shear strength on the potential slip surface. However, it is not clear that the methods satisfy all three equilibrium equations. In this study, the new slope stability analysis method in which not only reinforcing effects of geosynthetics can be considered but also all three equilibrium equation can be satisfied is proposed. A number of illustrative examples, including published load test of large-scale reinforced retaining wall and centrifuge model tests on the geotextile reinforced soil slopes, are also analyzed. As a result, it is shown that the newly suggested method produces a relatively accurate factor of safety.