This invention provides a Pr series rare earth super magnetostriction material and its preparation method, and the chemical components (atomic ratios) are: Pr1-x(Tb1-yREy)x(FelMz)RE represents for Dy, Sm, Ho, Er, Ce, Nd and etc rare earth elements; M represents one or several kinds of B, Si, C, Zr, Nb, Cu, Mn, V, Ti, Cr, Ga, Co, Ni, w, Hf, Ta, Mg. (0 is less than or equal to x is less than or equal to 0.6, 0 is less than or equal to y is less than or equal to 1, 0 is less than or equal to z is less than or equal to 0.4, 0 is less than or equal to t is less than or equal to 4.) The preparation method is : use high-pressing technology to compose the Pr series rare earth super magnetostriction material with high Pr content that the usual pressure cannot realize. This invention greatly lowers the cost of the present material and maintains high magnetostriction performance.