In this study, we developed a new theory of hyperbolic shear deformation of functionally graded plates(FGPs) based on the position of the neutral surface to analyze displacements and shear stresses in the case of static bending behavior. The theory accounts for hyperbolic distribution of the transverse shear strains and satisfies the zero traction boundary conditions on the surfaces of the beam without using shear correction factors. The neutral surface position for a functionally graded plate which its material properties vary in the thickness direction is determined. The mechanical properties of the plate are assumed to vary continuously in the thickness direction by a simple power-law distribution in terms of the volume fractions of the constituents. Based on the present new hyperbolic shear deformation plate theory and the neutral surface concept, the governing equations of equilibrium are derived from the principle of virtual displacements. Numerical illustrations concern flexural behavior of FG plates with Metal–Ceramic composition. Parametric studies are performed for varying ceramic volume fraction, volume fraction profiles, aspect ratios and length to thickness ratios. The accuracy of the present solutions is verified by comparing the obtained results with the existing solutions.