The invention relates to a transformer insulation oil deterioration state evaluation method. The steps are as follows: firstly, data sets of transformer insulation oil characteristic class, insulationpaper characteristic class, gas characteristic class, temperature characteristic class, capacitance characteristic class, partial discharge characteristic class and corresponding probability values are constructed; then, the average values of oil, paper, gas, temperature, capacitance and partial discharge characteristic values, which reflect the deterioration state of the transformer insulation oil, are calculated; thirdly, the evaluation function of the insulation oil deterioration state of the transformer is constructed; and finally, the deterioration state of the transformer insulation oilis evaluated. The invention can evaluate the insulation oil degradation state of the transformer, reflects the uncertainty of the characteristic value of the insulation oil degradation state of the transformer, provides the theoretical guidance for the insulation oil degradation state evaluation of the transformer, and provides the necessary technical support for the operation and maintenance ofthe distribution network.