A measurement error correcting method and electronic component characteristic measuring device capable of accurately coping with an electronic component which includes nonsignal line ports and whose electrical characteristics are changed by a jig. The method includes the steps of measuring an electrical characteristic, with correcting-data-acquisition samples mounted on a test jig enabling measuring nonsignal line ports, and the samples mounted on a reference jig; measuring a through device in which a signal line port and a nonsignal line port are electrically connected to each other; determining a numerical expression for calculating, from results of measurement on the test jig, an estimated electrical characteristic value obtained on the reference jig; measuring an arbitrary electronic component, on the test jig; and calculating the estimated electrical characteristic value obtained on the reference jig.