An overload protecting electric screw press comprises a body, a platform arranged above the body, a special driving motor vertically disposed and installed at the cross beam of the body, a small driving gear directly mounted on the output shaft of the special driving motor, a friction slipping big flywheel driven by the small driving gear through the joggled transmission, a screw fixed at the flywheel through a pin, a nut driven by the screw, a slide block fixed together with the nut, and an external brake shoe brake installed at the platform for braking the flywheel. The invention has simple structure, a few components, short transmission chain, high mechanical strength, easy manufacturing, convenient maintenance, low cost, simple operation, low loss of components, anti-waving by buffering, good coaxiality, stable running, high beating force and deformation energy, high forming accuracy, strong unbalance loading resistance ability, overload protecting property, safety and reliability, long service life, energy saving and wide application range. The electric screw press can be widely used in forging forming industry.