The invention discloses a Buck circuit multiparameter on-line identification method. The method comprises the steps that firstly, the Buck circuit is analyzed according to the Kirchhoff's law, and a state-space equation set of the Buck circuit is set up; secondly, according to the state-space equation set, a local linear model of the Buck circuit is set up; thirdly, according to the local linear model, a measurement matrix and a parameter matrix are defined; fourthly, different parameter values, monitoring inductive currents, output voltages and diode voltage signals of different elements in the Buck circuit are set; fifthly, estimated valve of the parameter matrix is obtained through least squares recursive algorithm. The parameter matrix obtained from the above estimated valve is used to calculating the parameter valves of the element need to be identified. According to the Buck circuit multiparameter on-line identification method, the influence of the diode and diode pre-stage circuit parameters including a non-ideal voltage and an input voltage on the precision of the parameter identification is removed, the practical operation is easy to achieve, and the identification precision is higher.