The present disclosure relates to determining attenuation factors relating to an electromagnetic signal passing through, a conductive material seen by a real sensor. A sensor is provided and disposed proximate to the material. An alternating current is passed through the sensor and the impedance of the sensor is measured. The impedance of an ideal coil is obtained from the measured impedance using electromagnetic modeling combined with a circuit analysis of the coil impedance, and the attenuation factors for the real coil in straight or feedback mode are determined by electromagnetic modeling of casing attenuation factors and impedance of an ideal coil combined with equivalent circuit modeling of the sensor transfer functions. The attenuation factors seen by the real sensor may be determined in real-time or post-survey. The material may be magnetic or non-magnetic.