In this study, we explain an approach including conversion from constitutive parameters to dispersive transmission line parameters using the double-band DNG (double-negative) properties of the circular type fishnet metamaterials. After designing the metamaterial structure, the numerical calculations and the composite right/left-handed (CRLH) modeling of circular-type metamaterials are realized in free space. Detailed dispersion characteristics give us the opportunity to explain the true behavior of the inclusions during the analysis stage. By combining the results coming from the standard retrieval procedure with the conventional CRLH theory, we calculate the actual values of the transmission line parameters for all frequency regimes. The constitutive parameters of an equivalent CRLH transmission line are derived and shown to be negative values. It is shown that the constitutive parameters present the same behavior for all negative refractive index regimes. The double-negative properties and the phase advance/lag behavior of metamaterials are observed based on the dispersive transmission line parameters.