Weight sharing, as an approach to speed up architecture performance estimation has received wide attention. Instead of training each architecture separately, weight sharing builds a supernet that assembles all the architectures as its submodels. However, there has been debate over whether the NAS process actually benefits from weight sharing, due to the gap between supernet optimization and the objective of NAS. To further understand the effect of weight sharing on NAS, we conduct a comprehensive analysis on five search spaces, including NAS-Bench-101, NAS-Bench-201, DARTS-CIFAR10, DARTS-PTB, and ProxylessNAS. We find that weight sharing works well on some search spaces but fails on others. Taking a step forward, we further identified biases accounting for such phenomenon and the capacity of weight sharing. Our work is expected to inspire future NAS researchers to better leverage the power of weight sharing.