The dynamics of a pressure regulator valve have been studied using the through Bondgraph simulation technique. This valve consists of several elements that can transmit, transform, store, and consume hydraulic energy. The governing equations of the system have been derived from the dynamic model. In solving system equations numerically, various pressure-flow characteristics across the regulator ports and orifices have been taken into consideration. This simulation study identifies some critical parameters that have significant effects on the transient response of the system. The results have been obtained using the MATLAB-SIMULINK environment. The main advantage of the proposed methodology is its ability to model the nonlinear behavior of the hydraulic resistance of system elements as a function of the fluid flow rate.