The invention relates to a polyvinyl chloride (PVC) wood-plastic board and a preparation method thereof, belonging to the technical field of PVC boards. The PVC wood-plastic board is composed of the following raw materials in parts by weight: 20-70 parts of PVC resin powder, 0.1-5 parts of coupling agent, 2-5 parts of stabilizer, 0-20 parts of alkyl acrylate processing modifying agent, 0-20 parts of filling agent, 0-5 parts of lubricant, 0.5-5 parts of foaming agent, 0-10 parts of toughening agent and 20-70 parts of wood flour, wherein the total weight parts of the raw materials are 100 parts. The PVC wood-plastic board has the bulk density being not more than 700kg/m<3>, and has good flame resistance and smoke suppression property, high hardness and strong wood feeling; and the same as log, the PVC wood-plastic board has the properties of being nailed, drilled, planed, stuck and the like, is smooth and fine in surface, is waterproof, corrosion-resistant, fireproof and mildewproof, is not eaten by worms and is pollution-free.