The invention provides a graphene-based composite ternary material. The ternary material comprises graphene and a nickel-cobalt-manganese ternary material, wherein the graphene is prepared by sintering oxidized graphene, is composed of single-layered graphene slices or multi-layered graphene slices whose layer number is less than 10, and accounts for 0.1% to 10.0% of the total weight of the composite ternary material; and the nickel-cobalt-manganese ternary material has a primary particle structure or a secondary particle structure, has a molecular formula of Li(Ni<x>Co<y>Mn<z>)O2, wherein the sum of x, y, and z is equal to 1, and x, y, and z are all in a range of 0 to 1, and accounts for 90.0% to 99.9% of the total weight of the composite ternary material. The graphene slices are freely stacked in the graphene, thus conductive nets and cavities are formed, and the nickel-cobalt-manganese ternary material particles are embedded into the cavities between the nano graphene layers through a chemical precipitation method. The invention also provides a preparation method of the graphene-based composite ternary material.