The invention relates to a low-threshold-value femtosecond pulse fiber laser. The low-threshold-value femtosecond pulse fiber laser consists of an optical-fiber coupling semiconductor laser, a wavelength division multiplexer, a ytterbium-doped single-mode gain fiber, two optical-fiber collimators, two quarter slides, two half slides, a polarization beam splitter, a faraday rotator, two reflection gratings, a reflection mirror and an optical isolator. The femtosecond laser adopts a semi-space semi-fiber annular cavity structure, the combined action of the faraday rotator and the half slides is adopted, and a group of grating pairs is adopted to carry out intra-cavity chromatic dispersion management on the laser, so that the polarization direction of the laser which passes through the faraday rotator twice is enabled to rotate for 90DEG and to be reflected from a vertical reflection port of the polarization beam splitter, a light path can be prevented from being lowered, and the introduction of an additional reflection mirror can be avoided; The polarization direction of the incident light which radiates on the first reflection grating is adjusted through the half slides, so that the highest diffraction efficiency can be achieved, the intra-cavity loss of the laser can be reduced, and an effect for reducing a mode locking threshold value can be realized.