A method of automatically identifying an anomalous condition of an induction motor by normalizing the voltage measured across its terminals relative to the power flow to the motor or the motor's impedance. The starting and/or run current and associated voltage of the motor is measured, and a voltage variation between the measured voltage and the motor's rated voltage is determined. The power flow or impedance at the voltage variation is calculated to determine an expected power flow or impedance at the measured voltage variation. The actual power flow or impedance is compared against a nominal or expected power flow or impedance or a statistical comparison is carried out on a historical set of power flow or impedance values within an expected range at the voltage variation. When the measured values deviate from the expected ones, an alarm is triggered to indicate a potential anomaly with the motor or external thereto.