Tone-burst excitation is often used for ultrasonic transducers of specific operation modes or for overcoming transducer overheating problems associated with continuous wave (CW) excitation. In this study, a theoretical model for the self-heating phenomenon of a piezoelectric disc element is established to estimate the temperature rise induced by a tone-burst electric field. An analytical solution for the temperature rise of the piezoelectric element is obtained by using Laplace transform method. Numerical simulations and experimental measurements are performed to investigate the influence of different excitation parameters on the temperature rise. By comparing the experimental results with the simulation results, the temperature-rise difference between tone-burst and CW excitations is quantified, and the validity of the theoretical model is verified. Furthermore, a multiparameter estimation method is proposed for the heat convection coefficient and dielectric properties under high-field operating conditions. These results are useful in both optimization of heat dissipation performance and characterization of high-power ultrasonic transducers.