This paper presents a new theoretical method for the determination of the PMMA telomers functionality in order to better control the telomerization reaction. Telomers bearing a functional end‐group are obtained by telomerization of methyl methacrylate with thioglycolic acid, initiated either with 2,2′‐azoisobutyronitrile (AIBN) or with 4,4′‐azocyanopentanoic acid (ACPA). In both cases of initiation, the transfer constants of thioglycolic acid are determined and are respectively equal to 0.672 and 0.674. Then, these results were applied to this new method so as to predict and quantify the several structures of telomers obtained above. This method is based on both contribution of termination and transfer to mercaptan in Mayo's law and allows to quantify all the kinds of macromolecules with their both extremities. The influence of the telogen amount vs the functionality of telomers, that of the initiator concentration and that of the nature of the initiator are investigated and underlined the importance of each factor. Finally, theoretical telomer functionalities are compared with experimental ones by titration of acid functions and are in good agreement.