The problem of reconstruction of variable characteristics (piezoelectric modulus and elastic compliance) of a functionally graded electroelastic rod with steady oscillations is considered when some additional information is given. To formulate the operator relations connecting the desired and measured characteristics, two types of influence are considered: a) by applying a potential difference to the electrodes, b) by applying a force to the end of the rod. Moreover, in the first case, the ends of the rod are free from stress and the current is measured, and in the second case, one of the ends of the rod is rigidly clamped, there are no electrodes, and the oscillation amplitude of the free end is measured. Statements of the corresponding boundary value problems are given in dimensionless form. Asymptotic formulas (quadratic in the frequency parameter) are constructed for the amplitude-frequency characteristics of the current and displacements in the low-frequency range. The inverse problem is solved on the basis of data on the amplitude-frequency characteristics of the current and displacements in a certain frequency range. The solution of the inverse problem is began with the procedure for choosing the initial approximation, and then it is constructed in an iterative manner. At each iteration, the direct problem with known characteristics is solved and corrections are found based on the solution of the system of Fredholm integral equations of the first kind with smooth kernels using the regularization method of A.N. Tikhonov. To find the initial approximation, the constructed asymptotic formulas are used, as well as the method of minimizing the residual functional. The conditions are described under which the non-uniqueness of the solution of the inverse problem is possible. The results of computational experiments on the simultaneous restoration of two functions are presented. The choice of the most informative frequency ranges is discussed. The various methods for choosing the initial approximation are considered. To control the iterative process, the plots of the residual in the frequency response and plots of the reconstruction error depending on the iteration number are given.