The invention discloses formaldehyde-free cementing compound for a profiled artificial board and a preparation method thereof. The preparation method comprises the following steps that: a composition A is firstly prepared: appropriate water is added into a reaction kettle with a stirring device, polyvinyl alcohol is slowly added when the water is heated to 30 DEG C, and the temperature is increased to 90 DEG C, so the polyvinyl alcohol is completely dissolved, and the temperature is preserved for one hour; then the raw materials are cooled down to 50 DEG C; synthesized liquid is added, and dispersant, emulsifier, defoaming agent and anticorrosion sterilizing agent are then added and stirred for 10 to 15 minutes; then stuffing is added and is dispersed for 45 to 60 minutes at a high speed, so all raw materials are uniformly mixed, and the mixture is filtered to obtain the composition A; and when in use, the composition A is coated after being uniformly mixed with a composition B according to a stipulated weight part. The production technique is simple, the adhesion strength can be improved, the elasticity property can be guaranteed, the product quality can be improved, no toxic substance such as formaldehyde, benzene, methylbenzene, dimethylbenzene and the like is contained, and no toxicity, no harm and environmental friendliness can be completely realized.