A design method of an electromagnetic wave absorber with ferrite fins in the second layer, which has very wide band frequency characteristics, is proposed and discussed. A theoretical model using the equivalent material constants method is adopted, assessed for its accuracy by comparision with the Hashin-Shtrikman formulas and compared with the conventional absorbers. Based on the model, a wide band electromagnetic wave absorber with excellent reflectivity frequency characteristics in frequency range of 30MHZ to 3530MHZ has been designed.