The present invention relates to a hydrogen storage alloy, an electrode for a Ni-MH battery, a secondary battery, and a method for preparing the hydrogen storage alloy. The chemical composition of the hydrogen storage alloy is expressed by the general formula La(3.0˜3.2)xCexZrySm(1−(4.11˜4.2)x−y)NizCouMnvAlw, where x, y, z, u, v, w are molar ratios, and 0.14≤x≤0.17, 0.02≤y≤0.03, 4.60≤z+u+v+w≤5.33, 0.10≤u≤0.20, 0.25≤v≤0.30, and 0.30≤w≤0.40. The atomic ratio of the metal lanthanum (La) to the metal cerium (Ce) is fixed at 3.0 to 3.2, which satisfies the requirements of the overcharge performance of the electrode material. A side elements are largely substituted by samarium (Sin) element, that is, the atomic ratio of Sin on the A side is 25.6% to 42%, so as to solve the problem of shortened cycle life caused by the small amount of cobalt (Co) atoms. The equilibrium pressure is adjusted by the change in the ratio of Sin to La and Ce to satisfy the requirements of the charge and discharge dynamic performance of the electrode material. The nucleation rate of the solidification process is improved by the addition of zirconium (Zr) to the A side at an atomic ratio of 2% to 3%. The Ni-MH battery negative-electrode material obtained from the hydrogen storage alloy has high overcharge resistance, and good high-rate discharge performance and cycle stability.