Fault analysis of a Passive Optical Network comprising Optical Network Terminal(s) uses Optical Time Domain Reflectometry (OTDR). An OTDR measurement signal is supplied to a multistage splitter having a ratio 2:Nroot. At least one drop link which is connected to the multistage splitter comprises one or more sub-splitters which having a ratio 1:Nbranch. A new event location is determined based on the OTDR measurement signal by analyzing OTDR measurement data relating to the sub-splitter based on distance from the multistage splitter and to the sub-splitter. A fault magnitude is calculated for a given location by subtracting an event magnitude obtained from the new OTDR measurement from a reference OTDR measurement and taking into account the number of drop links connected to the last splitter stage and to the sub-splitter in the reference measurement and the new measurement, thereby enabling determination of position and severity of the fault locations.