In the present work, flow analysis has been performed in the steam turbine bypass control valve (single-path type) for two different cases i.e., case with steam only and case with both steam and water. The numerical analysis is performed by solving three-dimensional Reynolds-averaged Navier-Stokes (RANS) equations. The shear stress transport (SST) model and $k-{varepsilon}$ model are used to each different case as turbulence closure. Symmetry condition is applied at the mid plane of the valve while adiabatic condition is used at the outer wall of the cage. Grid independency test is performed to find the optimal number of grid points. The pressure and temperature distributions on the outer wall of the cage are analyzed. The mass flow rate at maximum plug opening condition is compared with the designed mass flow rate. The numerical analysis of multiphase mixing flow(liquid and vapor) is also performed to inspect liquid-vapor volume fraction of bypass valve. The result of volume fraction is useful to estimate both the safety and confidence of valve design.