The bicycle is invented so far more than 200 years. Now, bicycles are used as exercising equipments and traffic vehicles. Planetary gear trains can be used as the transmission systems with multi-speed for bicycles. The purpose of this work is to propose a design methodology for the design of multi-speed internal gear hubs with planetary gear trains for bicycles. Based on the concept of train value equation and the kinematic relationship of the members between the train circuit, we propose a design methodology for the kinematic design of multi-speed gear hubs. One multi-speed internal gear hubs is designed to illustrate the design methodology. Based on the proposed methodology, all multi-speed gear hubs with planetary gear trains can be synthesized.