This work presents results of investigations on the determination of strain localization in sheet forming. Nakajima formability test has been chosen for the experimental studies and numerical analysis. The onset of localized necking has been determined using the criteria studied in the authors’ earlier works, based on the analysis of the principal strains evolution in time. The first criterion is based on the analysis of the through-thickness thinning (through–thickness strain) and its first time derivative in the most strained zone. The limit strain in the second method is determined by the maximum of the strain acceleration. Limit strains obtained from these criteria have been confronted with the experimental forming limit curve (FLC) evaluated according to modified Bragard method used in the ISO standard. The comparison shows that the first criterion predicts formability limits closer to the experimental FLC and second method predicts values of strains higher than FLC. These values are closer to the maximum strains measured before fracture appears in experiment. These investigations show that criteria based on the analysis of strain evolution used in numerical simulation and experimental studies allow us to determine strain localization.