A three-roll rolling process is a significant technique in the production of wire rod, round bars and hexagonal profiles for structural applications. Better mechanical properties of wire rod, round bars and hexagonal profiles can be achieved due to large plastic deformation by the three-roll rolling process. Asymmetric rolling is a novel technique characterized by a kinematic asymmetry linked to the difference in peripheral speed of the rolls, able to introduce additional shear strains through the bar thickness. Physical simulation of shear strain, which is similar to that occurring in asymmetric three-roll rolling process, is very important for design of technology of producing ultrafine grain materials. Shear testing is complicated by the fact that a state of large shear is not easily achievable in most specimen geometries. Application of the shear-compression testing and specimen geometry to physical simulation of asymmetric three-roll rolling process is discussed in the paper. FEM simulation and comparison of the stress-strain state during shear-compression testing and asymmetric three-roll rolling process is presented. The results of investigation can be used to optimize the physical simulation of asymmetric three-roll rolling processes and for design of technology of producing ultrafine grain materials by severe plastic deformation.