We describe a theoretical approach for determining the permeability tensor of polycrystalline ferrites regardless of their magnetization state. To take into account both the demagnetizing dynamic fields related to the magnetic domain and grain shapes and the magnetic interactions between adjoining domains and between adjoining grains, we transform the classical Landau-Lifschitz-Gilbert equation into a coupled two-equation system. We introduce statistical distribution laws for both the domain and grain demagnetizing coefficients into the calculation to take the domain and grain shape diversity into account and derive static vectorial quantities such as the internal magnetic dc field and magnetization in each domain that depends on the applied dc magnetic field from the Stoner-Wohlfarth hysteresis model. We compare results with those for existing models for various magnetized states. Then we apply the model to predict the permeability tensor behavior of barium hexaferrite thin film, especially in the remanent state, which is of great interest for the design of self-biased Y-junction circulators in the millimeter-wave range.