A bicycle power meter includes a strain gauge, a signal processing unit, a processor, and a signal transmitter. The strain gauge is disposed on at least one of an outer peripheral wall and an inner peripheral wall of a handlebar of a bicycle. The signal processing unit connected to the strain gauge by signal correspondingly outputs an electrical signal based on a deformation of the handlebar detected by the strain gauge. The processor connected to the signal processing unit by signal receives the electrical signal sent by the signal processing unit and calculates a measuring value based on the electrical signal and sends the measuring value in an output signal. The signal transmitter connected to the processor by signal receives the output signal sent by the processor and converts the output signal to a wired or wireless signal and sends the wired or wireless signal to a terminal device.