A novel eigenvalue method is proposed to calculate the band structure of lossy and dispersive photonic crystal (PC). Using an idea from quantum transport problem, a standard linear eigenvalue equation rather than a nonlinear eigenvalue equation is obtained by a rigorous and artful transformation. And the physical parameters of lossy and dispersive PC are obtained by solving the linear eigenvalue equation using finite-difference frequency-domain (FDFD) method. Compared with other methods, the proposed method has great features, such as clear concept, simple calculation, less computing time and storage. A dielectric PC is simulated by the proposed method, and the results accord well with those from the traditional FDFD method, which verifies the validity of the proposed method. Moreover, the dispersion relation of the lossy and dispersive PC is calculated by the proposed method, and the surface plasmon frequency is obtained. Furthermore, the influence of loss on the dispersion relation and eigenmode field distribution is studied. The results provide some theoretical guidance for studying the lossy and dispersive PC.