This paper investigates the challenges in accurately identifying and assessing vibration characteristics in automotive disk brakes, which, due to their geometric symmetry, exhibit closely spaced vibration modes. Understanding the damping characteristics is crucial due to their significant impact on dynamic stability and the potential onset of brake squeal, as damping directly influences the stability threshold and its uneven distribution can destabilize the system. Therefore, this study primarily focuses on the identification of modal parameters with an emphasis on the damping of disk brakes. Traditional Experimental Modal Analysis (EMA) techniques, which rely heavily on Frequency Response Function (FRF) measurements, encounter challenges in distinguishing closely spaced modes, thereby affecting the reliability of parameter estimation, particularly damping. These algorithms are primarily based on FRF measurements and are of multi-input – single-output type (MISO). In comparison to Operational Modal Analyses (OMA) algorithms, which are widely used in civil engineering and are of the multi-input − multi-output type and contain statistical tools for assessing the uncertainty of the estimate, EMA provides limited possibilities to assess the quality of estimating parameters. The primary contribution of this work is demonstrating that the Eigensystem Realization Algorithm (ERA), supplemented with indicators such as Extended Modal Amplitude Coherence (EMAC), Modal Phase Collinearity (MPC), and the Consistent Mode Indicator (CMI), offers a robust tool for accurate damping estimation. Additionally, the application of ERA to data originally acquired for frequency-based methods, specifically the Rational Fraction Polynomial (RFP) method, allows for a direct comparison of these two EMA algorithms using the same dataset. The results demonstrate that the proposed identification process effectively distinguishes system modes from those influenced by noise, providing a pathway to optimize test data acquisition and improve the accuracy of modal parameter estimation, especially in systems with closely spaced modes. The method can also serve as a tool for optimizing the acquisition of test data to improve the estimation of modal parameters, by varying the positions of input (SIMO) or by transitioning to MIMO identification to enhance the observability and controllability of closely spaced modes of disk brake.