The deformable multifunctional road guardrail comprises a deformable road guardrail body, guardrail columns A are arranged on the deformable road guardrail body, rolling balls are arranged on the portions, close to the two ends and the center, of the inner walls of the guardrail columns A, and connecting columns at the bottom ends of the guardrail columns A and fixing bases are installed in a matched mode; a fixing pin is arranged among the guardrail column A, the connecting column and the fixing base, the two ends of the connecting column are arc-shaped, bearing rings are arranged on the outer walls of connecting shafts symmetrically arranged on the side walls of the two sides, close to the two ends, of the connecting column, a telescopic guardrail rod is arranged in the guardrail column A, ball limiting grooves are formed in the outer wall of the telescopic guardrail rod at equal angles, and a column top connector is arranged at the top end of the telescopic guardrail rod. The deformable road guardrail not only has a protection function, but also can be bent into a rescue ladder stand at the edge of a river side or a long embankment, so that the function of the guardrail is greatly improved.