Due to the large capacity and low cost, DC link electrolytic capacitors with of energy storage and voltage regulation are used for almost all types of power converter as the DC/AC inverter or DC/DC converter. Electrolytic capacitor, which is the most of the time affected by the aging effect, plays very important role for the power converter system quality and reliability. Therefore, this paper proposes a simple method to estimate the capacitance variation of an electrolytic capacitor in order to analyze the internal characteristic decrease and worn-out state of an electrolytic capacitor. Simulation results by using capacitor storage energy computation show the validity of the proposed capacitance estimation method.