The invention discloses a transient traveling wave time domain calculating method of a same-tower double-circuit DC power transmission line. The method includes the following steps of calculating the series impedance matrix Z and the parallel impedance matrix Y of the line at different frequencies, the eigenvector matrixes TU, TI of the matrixes ZY and YZ, and an eigenvalue matrix Lambda; calculating the vector wave impedance matrix Zc-phase and the sequential wave impedance matrix Zc-phase-r according to the matrixes Y, TI, and Lambda; performing vector fitting on the matrixes TU, TI, TU-1, and TI-1 to obtain TU-r, TI-r, TU-r-1, and TI-r-1; performing vector fitting on the propagation coefficients exp (-gamma Mm) of the forward wave of different moduli to obtain a sequential propagation coefficient matrix Hm-r of the corresponding m mold; determining the fault type according to the circuit structure of the fault points to write the boundary equation; and calculating the line fault transient electrical amount. The method takes into account the influence of the frequency variation of the line parameters, and solves the problem of the line decoupling caused by the unbalanced same-tower double-circuit DC line.