Equivalent drawbead models associated with drawbead types, with which the geometrical modeling of drawbeads can be replaced in a numerical simulation of the stamping process, are introduced. The accuracy of the equivalent drawbead models rapidly computing the drawbead restraining and opening forces, based on the hybrid membrane/bending method accommodating Barlat’s anisotropic yield function for the plane stress state and the modified Chaboche model considering the Bauschinger effect and transient behavior under the plane strain condition, is verified by comparing the equivalent drawbead forces with those obtained from the finite element simulation. Moreover, the drawbead forces computed by equivalent drawbead models are employed in a finite element simulation of the automotive fender stamping process, from which the effectiveness and applicability of equivalent drawbead models are observed by comparing strains and draw-ins with those measured in the tryout panel.