A preparation method of an irregular gear with an annular groove comprises the following steps that S1, a certain amount of powder metallurgy raw materials for preparing the gear are loaded into a mold; s2, after the powder metallurgy raw materials in the mold are pressed into the needed shape and compactness, demolding is conducted, and a green body is obtained; s3, the annular gasket is clamped in the annular groove of the green body, then the green body and the gasket are sent into a sintering furnace together to be sintered, and after the sintering process is finished, the gear with the gasket is taken out; and S4, the gasket is taken out of the annular groove, whether the sawtooth part, close to the annular groove, of the gear is warped or not is observed, if the sawtooth part, close to the annular groove, of the gear is warped, a correction mold is used for correction till the warped part disappears, the gear is taken out of the correction mold, and a final product is obtained. The problem that the sawtooth part close to the annular groove inclines inwards in the preparation process of the gear can be effectively solved, and the method is simple, convenient to operate and low in cost.