In formulating an analysis with finite displacements for space trussed structures, the equation of equilibrium based on the Lagrangian coordinates is generally used but the method of this analysis is comparatively complicated. In this paper, we formulated the method of stress analysis with finite displacements for space trussed structures by applying the incremental equation of equilibrium based on the Eulerian coordinates and thus the procedure of this analysis is not only comparatively simplified but convenient for practical use.