Under different transportation protection, the sample data of bogie traction motor bearings of urban rail vehicles are seriously unbalanced, and the fault diagnosis ability and generalization effect are poor, which makes it difficult to evaluate the protection effect of bearings effectively. In this paper, a multimeasure hybrid evaluation model based on compressed sensing is proposed to evaluate the effect of bearing transportation protection under data imbalance. Firstly, bearing vibration signals under different transport protection conditions were compressed and sampled, and the original high‐Witt collection in time domain, frequency domain, and time‐frequency domain was extracted. Then, a multimeasure mixed feature evaluation model of correlation, distance, and signal was constructed, and the optimal multimeasure combination strategy was optimized by using comprehensive sensitivity score evaluation index. Finally, an evaluation model of bearing protection effect based on unified feature index was constructed by using the best feature subset evaluated, and the unified indicator was quantified to characterize the protection effect of different protection states. The experimental results show that the model can effectively evaluate bearings under different transport protection.