The invention discloses laminated material laminating glue and a preparation method thereof. The laminated material laminating glue comprises components A and B. The component A comprises, by mass, 17.7% to 25.4% of deionized water, 39% to 63% of a water-based emulsion, 1% to 5% of a plasticizer, 2% to 4% of polyvinyl alcohol, 0.1% to 0.2% of a chelating agent, 0.1% to 0.2 % of a dispersant, 0.05% to 0.1% of a defoamer, 16% to 26% of calcium carbonate and 0.05% to 0.1% of a bactericide. The component B comprises polyaryl polymethylene isocyanate. The preparation method comprises preparing a modified polyvinyl alcohol solution from deionized water, polyvinyl alcohol and the chelating agent, orderly adding the water-based emulsion, the plasticizer, the dispersant and the defoamer into a dispersion kettle, slowly adding calcium carbonate into the dispersion kettle, carrying out dispersion to obtain uniform glue slurry, adding a polyvinyl alcohol modification solution and a bactericide into the glue slurry to obtain the component A and mixing the component A and the component B. The laminated material laminating glue is used for splicing of various laminated materials, has high splicing strength, a long application period, excellent heat resistance and excellent water resistance, resists water boiling and can reach the wood breaking strength.