Electrolytic capacitors have been widely used in power electronics system because of the features of large capacitance, small size, high-voltage, and low-cost. Electrolytic capacitors, which is most of the time affected by aging effect, plays a very important role for the power electronics system quality and reliability. Therefore it is important to estimate the parameter of an electrolytic capacitor to predict the failure. This paper proposed a novel fault diagnosis method of an electrolytic capacitor used for voltage smoothing in boost DC converter. The equivalent series resistance(ESR) of electrolytic capacitor estimated from FFT result of filtered waveform of capacitor voltage/current. Main advantage of the proposed method include circuit simplicity and easy implementation. Simulation and experimental results are shown to verify the performance of the proposed method.