In recent years, fractional slot concentrated winding permanent magnet synchronous motors (FSCW PMSMs) have become a hotspot in the research field. Due to the unique inductance characteristics of the FSCW PMSM, a fast and accurate calculation of the d/q-axis inductance and saliency ratio is necessary. In this paper, a method is proposed to calculate the d/q-axis reactance of the FSCW SPMSM, which constructs the equivalent magnetic circuit model of the d/q-axis armature reaction flux separately, and the saliency ratio characteristics of the FSCW SPMSM were demonstrated. In addition, to meet the high requirements of the modern industries, especially in servo systems, accurate consideration of the effect of stator resistance on torque and electromagnetic performance is important and more applicable. According to the relationship between the vector parameter, the explicit expression of the d/q-axis currents that consider the stator resistance is obtained, and the prediction of load angle at maximum electromagnetic torque is achieved. Then, combined with the finite element method, the influence mechanism of stator resistance on the motor steady-state performance is revealed. Finally, the experimental data are compared with the calculation data, and the correctness of the models and analysis was verified.