In examining the hydrodynamic performance of artificial heart valves in vitro, experiments are carried out under either steady or pulsatile flow conditions. Steady flow experiments are simple to set up and analysis of the data is also simple; however, their validity and accuracy have been questioned. In this study, the flow characteristics of jellyfish valves are evaluated and analyzed for steady and pulsatile flow conditions. The analysis is given in terms of velocity and shear stress distributions for a cardiac flow rate of 4.5l/min, and the corresponding steady flow rate is measured at two locations, 0.5D and 1D downstream of the valve face (D being the diameter of the pipe). At the 0.5D location, the velocity profile results obtained for both flow conditions indicated that jetting flow occurred close to the wall, and flow reversal as well as stagnation zones occurred in the core of the valve chamber. These phenomena were also evident in the shear stress profiles for both pulsatile and steady flow conditions. At this location, the maximum difference between the steady and pulsatile values of peak velocity is about 18%. However, the maximum difference between the peak shear stresses was in the range of 5%–7%. At the 1D location, the flow characteristics observed under both the pulsatile and steady flow conditions were almost identical, with a maximum difference between the peak values of less than 4%. From the data presented here, it can be stated that, at least in the initial optimization of the valve hemodynamic performance, the steady hydrodynamic evaluation of the valve could be an effective tool for analyzing the flow characteristics.