Molar absorption coefficient of the lowest excited state is an indispensable information for the quantitative investigation of photochemical reactions by means of transient absorption spectroscopy. In the present work, we quantitatively estimated the molar absorption coefficients of the S1 state of the solute in three solution systems, Rhodamine B in ethanol, ZnTPP in DMF and N,N'-bis(2,6-diisopropylphenyl)terrylene-3,4,11,12-tetracarboxydiimide (TDI) in chloroform, by perfectly bleaching the ground state molecules using the picosecond 532-nm laser pulse with a large number of photons. These solution systems were selected because no obvious photodegradation was detected in the present range of the excitation intensity. The molar absorption coefficient obtained by this method was verified by the numerical analysis of the excitation intensity dependence of the transient absorbance by taking into account the inner filter effect (absorption of the excitation light by the S1 state produced by the leading part of the pump pulse) and the decrease of the ground state molecules by the pump process (depletion). In addition, these molar absorption coefficients were confirmed by the comparison of relations between the excitation intensity and the transient absorbance of the S1 state under the condition where the fraction of the excited solute is ≪ 10% by the femtosecond pulsed laser excitation. From these results, the error of the molar absorption coefficients was estimated to be < 5%. These values can be used as reference ones for the estimation of molar absorption coefficients of other systems leading to the quantitative elucidation of the photochemical reactions detected by the transient absorption spectroscopy.