A method of forming a multilayer coating film with excellent flip-flop properties and smoothness and allowing formation of a high-design multilayer coating film. In a method of forming a multilayer coating film comprising: a low-brightness intercoating film; a first base coating film; a second base coating film formed on an object to be coated; and a clear coating film formed on the second base coating film; the first base coating film is obtained by applying a first aqueous base coating material, the second base coating film is obtained by applying a second aqueous base coating material containing a brightness pigment, the clear coating film, with specific compositions and properties, is formed on a low-brightness intercoating film by a wet-on-wet method and the multilayer coating film is heat cured to form a cured multilayer coating film.