A thin sheet of metal with corrugated structures has been utilized in various devices: heat exchangers, separators in fuel cells, and many others. However, it is not easy to fabricate thin corrugated structures using a single-step stamping process due to their geometrical complexity. To solve this problem, firstly, a plate type heat exchanger was redesigned to attain the optimal value of aspect ratio and the optimal shape of corrugated structures for the actual loading conditions. A forming analysis of the corrugated plate was then carried out to determine the process parameters. From this work, the optimal value of aspect ratio was found to be 4.6. In addition, the process parameters of heat exchanger forming were optimized using the optimal value of aspect ratio, and the analytical results were evaluated through experiments. The results obtained indicated good agreements between them.