In this paper, a shock absorber physical model is developed. Firstly, a rebound valve model which is based on its structure parameters is built through using the large deflection theory. The von Karman equations are introduced to discover the physical relationships between the load and the deflection of valve discs. An analytical solution of the von Karman equations is then deducted via perturbation method. Secondly, the flow equations and the pressure equations of the shock absorber operating are investigated. The relationship between fluid flow rate and pressure drop of rebound valve is analyzed based on the analytical solution of valve discs deflection. Thirdly, an inter-iterative process of flow rate and pressure drop is employed in order to adequately consider the influence of fluid flow on damping force. Finally, the physical model is validated by comparing the experimental data with the simulation output. The validation results show the physical model herein well matches the experiment curve. The large defection theory is an efficient and accurate method to build rebound valves model of shock absorber.