Recently, in accordance with the demand for a large capacity of a secondary battery according to an increase in the demand for energy storage devices, a modular series battery configuration is essential. Accordingly, various cell balancing techniques have been proposed to prevent high efficiency and performance degradation of the battery. In this paper, propose a battery voltage balancing topology consisting of a flyback DC/DC converter type of a SIMO (Single-Input-Multiple Output) two-switch configuration for a series battery configuration. The proposed topology shows a structure in which a DC/DC converter connected to each module and a battery cell share one transformer. The topology cell balancing operation is a principle in which the voltage balancing converter of the battery converges to the same value through a transformer that shares a magnetic flux with the cells constituting the module through a single high-frequency transformer. In this paper, the dynamic characteristics analysis of the proposed circuit using PSIM was based and it was verified through experiments on one module.