An acoustic-ultrasonic method is described that was successful in ranking unidirectional graphite-polyimide composite specimens according to variations in interlaminar shear strength. Using this method, a quantity termed the stress wave factor was determined. It was found that this factor increases directly with interlaminar shear strength. The key variables in this investigation were composite density, fiber weight fraction, and void content. The stress wave factor and other ultrasonic factors that were studied were found to provide a powerful means for nondestructive evaluation of mechanical strength properties.