The invention provides a preparation method of a PET-graphene-AgNW (polyethylene terephthalate-graphene-Ag nanowire) composite transparent conducting film. The preparation method comprises steps as follows: cutting and cleaning of a graphene substrate, preparation of an AgNW solution, vacuum filtration of an AgNW film, preforming, removing of a filter film and nitrogen blow-drying. The invention further provides the PET-graphene-AgNW composite transparent conducting film prepared with the method. According to the preparation method, the AgNWs and graphene are subjected to film forming independently and then are composited together, wherein AgNW film forming adopts vacuum filtration, and graphene adopts CVD (chemical vapor deposition) growth, so that the prepared composite film has the advantages of uniformly dispersed AgNWs, controllable thickness, good mechanical flexibility, low square resistance, high optical transmittance and lower surface roughness and can meet the requirement of device applications; according to the composite transparent film, the lower square resistance and the higher optical transmittance can be realized only through composition of a few AgNWs, and the square resistance of the PET-graphene-AgNW composite transparent conducting film is lower than that of a pure silver AgNW film under the same concentration by 20%-40%.