The multi-well energy representation technique is developed for analyzing the valence band structures of strain-compensated multiple quantum well (SCQW) systems. Taking the energy eigenfunctions of both the heavy- and light-holes at the Γ point as the base vectors to set up the energy representation, we solve the Kohn-Luttinger Hamiltonian (KLM) equation in this representation, and obtain the quantized energy bands and the energy eigenvectors of both the heavy- and light-holes at the non- Γ points. By using this technique, the effects of the number of wells and the distance between wells on the valence band structures of SCQW systems can be analyzed efficiently, and the energy characteristic matrix obtained by this technique is much smaller than that of the k.p method, so the calculation can be performed more easily with a microcomputer.