Raju Baddi writes:
Bipolar junction transistors transfer a current from a lower-resistance emitter to a higher-resistance collector. You can use this property to measure inductance by connecting a series inductance/resistance circuit in the emitter and biasing on the transistor long enough for the current to reach a maximum value that is at least five LR time constants. When the transistor’s off time is equal to its on time but is still biased by a silicon diode, the LR current decays exponentially toward 0A. Using the transistor’s current-source property, you can measure this current without hindering the decay process in the LR circuit.
Use a transistor and an ammeter to measure inductance - [Link]