The invention discloses a ferrite-based ceramic composite material as well as a preparation method and application thereof. The composite material is composed of ferrite, a carbon nanotube and a ceramic material, wherein the ferrite and the ceramic material are cladded on the tube wall of the carbon nanotube, and the ceramic material is one or several kinds of aluminum oxide, aluminum nitride, and silicon nitride. The three phases of materials, namely, the ferrite, the carbon nanotube and the ceramic, are compounded to make the advantages and disadvantages of all phases of materials complementary, so that the electrical conductance of the composite material is increased, the impedance matching performance of the composite material is improved, the wave absorption performance of the composite material is made adjustable, the structure and function integration of the ferrite-based ceramic material is realized, and thus, the application range of the composite material in the high-tech field is expanded. In addition, the powder of the composite material is prepared by adopting a coprecipitation hydrothermal method and is further prepared into a block material by adopting a microwave sintering method, and the ferrite-based ceramic composite material has the advantages that all phases are dispersed uniformly, the densification degree of the sintered material is high, the production cost is low, and the large-scale industrialization is easy to realize.