This paper presents a calculation method for obtaining the continuous variation in stress between the tip and the soil during dynamic penetration tests, particularly in the case of using the Panda 3 Ò penetration testing device. The originality of the method is that the tip stress can be computed continuously throughout the driving process. For each impact of the hammer on the penetrometer, data are recorded by sensors located at the top of the apparatus. Then, the stress at the tip and the displacement of the apparatus are calculated with a method based on the propagation of waves in the device. A three-dimensional numerical model of the penetration test, based on the Panda 3 Ò specifications and using the discrete element method (DEM), is proposed in this paper. The purpose of the simulations is to validate the calculation method by comparing the curves of the tip stress versus the penetration distance obtained in two different ways, the first being the distance directly observed at the tip and the second being the distance calculated from the data recorded at the top of the penetrometer, as with the experimental device. The entire apparatus is represented, including the hammer, the rod, and the tip, and is driven into the model soil. The calculation method is applied, and the results are compared to the actual response of the soil to the driving of the penetrometer directly at the tip, which can be obtained with the numerical model. The responses are found to be very similar, confirming the theoretical framework and its underlying assumptions. This method is applied to dynamic penetration tests and provides the opportunity to obtain mechanical parameters other than the tip resistance from the tests.