<p>A channel estimation method and apparatus, wherein a channel estimation method comprises: extracting pilot data from the received signals; performing pilot channel estimation by utilizing the extracted pilot data to obtain transmission coefficients of multiple groups of pilot channels; obtaining transmission coefficients of a data channel by utilizing the obtained transmission coefficients of multiple groups of pilot channels and through a nonlinear interpolation process. The technical scheme provided in the embodiment of the present invention is beneficial in improving channel estimation precision under a fast variable-time channel environment, thus enhancing the system performance.</p>