The invention relates to the technical field of inductor element measurement instruments, and discloses a power inductor element inductance and saturation current measurement circuit, which comprises an auxiliary power supply circuit, a large-power electronic switch circuit, a current voltage conversion circuit, an over-current protection circuit, a four-gear range selection circuit, and an MCU module circuit, wherein the large-power electronic switch circuit is connected with one GPIO port of the MCU module circuit and is also connected with the over-current protection circuit; the auxiliary power supply circuit is connected with the current voltage conversion circuit; the current voltage conversion circuit is connected with the four-gear range selection circuit; and the four-gear range selection circuit is connected with another two GPIO ports of the MCU module circuit. A single chip microcomputer internally integrated with functions of a timer and an ADC is adopted, through selection of a different range key switch, measurement of the inductance and the saturation current of the power inductor element is realized, and convenience of the measurement work and accuracy of numerical value measurement can be ensured.