Undoped and CeO2‐doped Sr0.5Ba0.5Nb2O6 (SBN) powders were synthesized using the solid‐state reaction method. The lattice parameters of undoped and CeO2‐doped SBN were evaluated using X‐ray diffractometry. The valence state of the cerium ion in Ce‐doped SBN was identified using X‐ray photoelectron spectroscopy (XPS), and the valence of 3+ was confirmed. The charge‐compensated defect of the cerium doping in SBN ceramics, i.e., excessive oxygen ions occupying the vacant O(4) or O(5) site, was further evidenced using electron energy‐loss spectroscopy (EELS) and XPS. The relationships of charge‐compensated defect, structure, binding energy, and temperature of the maximum of the relative permittivity (Tm) were discussed.