The dynamic characteristics of planetary system directly affect the stable state of the whole transmission system. Firstly, an accurate dynamic model of planetary gear system is established by using bond graph method. Formerly, the state equation of the gear train dynamics is obtained based on the bond graph model. On this basis, the simulation model of the gear system was acquired by using the numerical simulation method, and four dynamic indexes including zero-pole diagram, Bode diagram, Nyquist diagram and Nichols diagram of the gear dynamics system were gained. Finally, the analysis results show that the accurate mathematical model is described by the bond graph method and the dynamic characteristics is comprehended of planetary gear system, while will provide a basis for the stability research of the transmission system.