The effects of different constitutive models in sheet metal forming are investigated by considering the cylindrical and square cup drawing and V-bending processes. Numerical analyses are performed by employing eight different constitutive models. These are elastic plastic constitutive model with isotropic hardening, elastic plastic constitutive model with kinematic hardening, elastic plastic constitutive model with combined hardening, power law isotropic plasticity, piecewise linear isotropic plasticity, three-parameter Barlat, anisotropic plasticity and transversely anisotropic elastic plastic models. The simulations are performed for three different materials, St12 steel, Al-5182 aluminum and stainless steel 409 Ni, by using a commercial finite element code. A number of experiments are carried out and the experimental and analytical results are utilized to evaluate the results of simulations.