A new method of diametrical core deformation analysis (DCDA) is proposed for evaluating the in-situ stress of rocks from an elliptical deformation of boring cores following stress relief. When a piece of rock at depth is cut out to be a core sample by drilling, it becomes free from the in-situ stresses resulting in the expansion of its diameter. Even if the rock is homogeneous and isotropic, the core sample should expand in an asymmetric manner with the relief of anisotropic in-situ stresses. A newly developed apparatus allows us to measure the asymmetric variation of the core diameter. The difference between the maximum and minimum stress components and the stress orientations in a plane perpendicular to the drilled hole can then be estimated from the circumferential variation of the measured core diameters based upon a theoretical relationship between the in-situ stresses and the core diameters, assuming elastic deformation. We carried out laboratory experiments in which core samples were cut out from cubic specimens under uniaxial compression, and we confirmed that the stress magnitude and orientation estimated from the measured core diameters by the proposed DCDA method agreed well with those of the actually applied stress.