A vehicle body speed estimation device and a vehicle body speed estimation method are provided for estimating a vehicle body speed of a four-wheel drive vehicle from a wheel speed of each wheel of the four-wheel drive vehicle. In the vehicle body speed estimation device and a vehicle body speed estimation method, a controller determines whether a deviation of at least two of the wheel speeds among the wheel speeds is within a first prescribed range. The controller switches a method for selecting the wheel speed used for estimating the vehicle body speed between a first method and a second method when a sign of a drive torque that is applied to each of the wheels is reversed and the deviation of at least two of the wheel speeds among the wheel speeds is within the first prescribed range.