To overcome some drawbacks of the plasma stealth technology in real-life application, a practical multilayer stealth structure composed of enclosed plasma slab and radar absorbing material (RAM) is presented in this paper. Based on a technique referred to as the transmission line analogy method, reflection coefficients of the perpendicularly polarized wave, the parallel polarized wave, and the circularly polarized wave obliquely incident upon this multilayer structure are determined, respectively. The effects of the incident angle, kinds of RAMs, and parameters of the plasma slab including electron density, collision frequency, and thickness on the stealthy effectiveness of this composite stealth structure have been studied systematically. The numerical results indicate that by a proper design, the power of reflected wave is significantly reduced over a wide frequency bandwidth, which provides some useful references to the plasma stealth technology applied to aircrafts, ships, and missiles.