The invention discloses a lentinan oligosaccharide having an excellent anti-oxidation activity, and a preparation method thereof. The method comprises the following steps: (1) mixing lentinan with distilled water, adding beta-mannanase, adjusting the pH value of the obtained solution to 5-7, performing stirring reacting boiling in 40-60 DEG C constant-temperature water bath for 13-17 min, stoppingthe reaction, filtering the obtained reaction solution, concentrating the obtained filtrate, dialyzing the obtained concentrate to remove undegraded macromolecular lentinan, and concentrating and lyophilizing the obtained dialysate to obtain crude lentinan oligosaccharides; (2) taking the crude lentinan oligosaccharides in proportion, dissolving the crude lentinan oligosaccharides in distilled water, adding an ethanol-water solution to perform alcohol precipitation, centrifuging the precipitated solution, and concentrating and lyophilizing the obtained supernatant; and (3) separating and purifying the obtained lyophilized product through a Sephadex G-15 column. The lentinan oligosaccharides are degraded through adopting an enzymatic hydrolysis technology, and degradation conditions are mild. The preparation process is simple, and the yield is high. The prepared oligosaccharide has excellent anti-oxidation activity, and can be used in healthcare products, foods and drugs, and anti-oxidation additives thereof.