JointPP–PSinversionoffersbetteraccuracyandresolutionthanconventionalP-waveinversion.P-andS-waveelasticmodulideterminedthroughdatainversionsarekeyparametersforreservoirevaluationandfluidcharacterization.Inthispaper,startingwiththeexactZoeppritzequationthatrelatesP-andS-wavemoduli,acoefficientthatdescribesthereflectionsofP-andconvertedwavesisestablished.Thismethodeffectivelyavoidserrorintroducedbyapproximationsorindirectcalculations,thusimprovingtheaccuracyoftheinversionresults.Consideringthattheinversionproblemisill-posedandthattheforwardoperatorisnonlinear,priorconstraintsonthemodelparametersandmodifiedlow-frequencyconstraintsarealsointroducedtotheobjectivefunctiontomaketheproblemmoretractable.Thismodifiedobjectivefunctionissolvedovermanyiterationstocontinuouslyoptimizethebackgroundvaluesofthevelocityratio,whichincreasesthestabilityoftheinversionprocess.TestsofvariousmodelsshowthatthemethodeffectivelyimprovestheaccuracyandstabilityofextractingPandS-wavemodulifromunderdetermineddata.Thismethodcanbeappliedtoprovideinferencesforreservoirexplorationandfluidextraction.