The　seismic　performance　of　large　underground　structures　can　be　evaluated　from　two　perspectives,　namely　the　horizontal　interlaminar　deformation　and　the　vertical　loading-carrying　capacity.　The　current　seismic　analysis　methods　focus　on　the　horizontal　seismic　performance　with　the　interlaminar　drift　ratio　as　the　evaluation　index.　It　is　difficult　to　fully　reflect　the　vertical　failure　characteristics　of　the　overall　structure.　This　paper　aims　to　develop　an　evaluation　method　to　comprehensively　evaluate　the　seismic　performance　of　underground　frame　structures.　The　quantitative　evaluation　indexes,　i.e.　the　vertical　loading-carrying　risk　factor　of　columns　and　the　vertical　deflection　risk　factor　of　slabs,　were　defined　to　evaluate　the　seismic　performance　of　underground　frame　structures.　Then,　the　seismic　performance　evaluation　method　was　established　and　the　evaluation　processes　were　described.　Seismic　response　analysis　of　an　underground　frame　structure　with　different　spans　on　the　upper　and　lower　stories　was　conducted,　and　the　seismic　performance　of　the　structural　components　and　overall　structure　was　quantitatively　evaluated　by　using　the　proposed　evaluation　method.　The　seismic　response　laws　of　columns　and　slabs　were　analyzed　and　the　potential　failure　mode　of　the　structure　was　clarified.　Furthermore,　the　failure　mechanism　of　the　structure　was　explained　in　detail.　Numerical　results　presented　that　the　proposed　evaluation　method　can　effectively　identify　the　seismic-induced　weak　components　and　failure　modes　of　underground　frame　structures,　and　thus　has　guiding　significance　for　the　seismic　design　of　the　underground　frame　structures.