The classical problem of determining the stress concentration factor at a circular hole embedded in an infinite sheet subjected to remote uniform tension is investigated. A finite strain elasto-plastic deformation theory based on Hill's new anisotropic flow theory  is used. It is shown that the governing field equations can be reduced to a single first order differential equation from which the stress concentration factor is obtained by a standard numerical method. The solution covers the entire elasto-plastic range and is valid for any strain hardening function. Comparison with experimental results, for a few materials, shows good agreement.
With a pure power hardening law and within the framework of small strain plasticity, our results agree with those obtained from a more general solution discovered by Budiansky .