The multi-wave multi-component seismic exploration technology is an effective means for comprehensive utilization of P wave, converted-wave and other seismic waves. The processing steps for converted-wave separation and extraction are essential. In this paper, using the multi-component simulation data of the geological model, the authors conducted separation and extraction experiments on the P‐SV converted waves. For multi-wave multi-component wave fields with different characteristics, different separation methods can be used.