In this study, the AC magnetic permeability of polycrystalline Fe81Ga19 alloy (Galfenol), without crystal orientation under both the bias applied fields and frequencies, was investigated by the method of measuring inductance of ring specimens. The results showed that the AC permeability of the alloy can reach more than 160 Gs/Oe under the conditions of low frequencies or quasi-static state. The permeability decreased with the increase of frequency. When the frequency was higher than 6 kHz, the permeability decreased slowly, and gradually stabilized with the increase of frequency. When applying a little of parallel bias magnetic field, the permeability decreases obviously with the increase of frequency. But applying a perpendicular bias magnetic fields, the permeability of the only initial point of the measuring frequency decreases a little compared to the permeability without bias field.