This article shows the mathematical method to determine the lateral stress on the shaft and toe resistance of pile using the new approach. The method was originally invented by Meyer and Kowalow for the static load test. The approximation curve was used for the estimation of both settlement curve and toe resistance curve of the pile. The load applied at the head of the pile is balanced by the sum of two components: the resistance under the toe of the pile and the skin friction. Therefore, the settlement curve is compilation of two factors: the skin friction curve and the resistance under toe curve. The analysis was based on the verification of the methods using laboratory experiments, that is, static load tests. The results of the research allowed to determine the relationship between parameters of the Meyer-Kowalow curve. On the basis of the relationships, it was possible to determine the skin friction and the toe resistance of the pile. Mathematical analysis of curve parameters allowed to determine the influence of the toe resistance on the settlement.