Using latent variables for self-oriented perfectionism (i.e., demanding perfection of oneself) and socially prescribed perfectionism (i.e., perceiving others are demanding perfection of oneself) has advantages. However, few studies have specifically examined the psychometric properties of these latent variables. The present study addresses this shortcoming by testing the factorial, convergent, and discriminant validity of self-oriented and socially prescribed perfectionism latent variables using self- and informant reports. It was hypothesized that (a) the factor structure of the self-oriented and socially prescribed perfectionism latent variables would be supported, (b) self- and informant reports would moderately converge, and (c) the self-oriented and socially prescribed perfectionism latent variables would be discriminable. A sample of 242 undergraduate women and 378 informants (218 mothers, 160 fathers) was recruited. Undergraduate women completed self-reports, and mothers and fathers completed informant reports. Results were consistent with hypotheses, thereby supporting (a) the factorial validity of the self-oriented and socially prescribed latent variables using self- and informant reports, (b) the convergent validity of the self-oriented and socially prescribed latent variables via moderately to strongly correlated self- and informant reports, and (c) the discriminant validity of the self-oriented and socially prescribed perfectionism latent variables. Findings suggest research using these latent variables is warranted.