The invention discloses a multifunctional physical training device which comprises supporting columns, auxiliary frames, installation holes, a lever, barbells, counter-balanced carriages, a cushion, a brachial muscle pad, a pull rod, a counter weight storing frame, a back cushion and a supporting rod. The installation holes are formed in the supporting columns. The auxiliary frames are arranged at the front ends of the supporting columns. The counter-balanced carriages are arranged on the auxiliary frames. The auxiliary frames are connected through the supporting rod. The back cushion is arranged on the rear section of the cushion. The brachial muscle pad is arranged at the upper end of the cushion. The pulling rod is arranged at the front end of the cushion. The counter weight storing frame is arranged at the lower end of the pulling rod. The multifunctional physical training device is simple in structure, convenient to operate, and high in practicability. A practicer can complete training of push-up, sit-up and actions of chest and arm muscles, the physical health is guaranteed, and the purpose of training is achieved. The adjusting function of the nervous system and the endocrine system is improved, congestion of the chest and the abdominal organs is avoided, the blood circulation of the brain is promoted, nerves are calmed down, and therefore the vision, the hearing sense, memory and sleep are improved.