The hot flow stress of a typical stainless steel was modeled by the Hollomon equation, a modified form of the Hollomon equation, and another modified form based on the Fields–Backofen equation. The coupled effect of the deformation temperature and strain rate was also taken into account in the proposed formulae by consideration of the Zener–Hollomon parameter or dependency of the constants on temperature. The modified Fields–Backofen equation was found to be appropriate for prediction of flow stress, in which the incorporation of peak strain and consideration of temperature dependencies of the strain rate sensitivity and the stress coefficient were found to be beneficial. Moreover, the simplicity of the proposed model justifies its applicability for expressing hot flow stress characterizing dynamic recrystallization (DRX).