The invention relates to a multi-efficacy cosmetic. The cosmetic is prepared from the following components: 1 to 3 parts of white poria cocos, 1 to 3 parts of radix angelicae dahuricae, 1 to 3 parts of largehead atractylodes rhizome, 1 to 3 parts of pearl powder, 2 to 4 parts of stigma croci, 2 to 4 parts of rhodiola, 0.5 to 2 parts of lucid ganoderma extracting solution, 0.2 to 0.5 part of lightyellow sophora root extracting solution, 1 to 3 parts of arbutin, 2 to 4 parts of nicotinamide, 5 to 10 parts of aloe, 3 to 5 parts of chamomile, 2 to 4 parts of rhizoma coptidis, 3 to 5 parts of calendula officinalis, 3 to 5 parts of tea tree essence, 1 to 3 parts of tartaric acid, 0.5 to 2 parts of flos caryophylli, 3 to 5 parts of wool grease, 2 to 4 parts of hyaluronic acid, 0.1 to 0.3 part of vitamin B5, 2 to 4 parts of squalane, 3 to 5 parts of sodium alginate, 3 to 5 parts of lavender and auxiliary raw materials. A preparation method of the multi-efficacy cosmetic comprises the following steps: crushing the white poria cocos, the radix angelicae dahuricae, the largehead atractylodes rhizome and the pearl powder; decocting the stigma croci, the rhodiola, the chamomile, the rhizoma coptidis, the calendula officinalis and water for multiple times, separating out juice and concentrating; adding other raw materials by times, and stirring; finally, emulsifying, vacuumizing, ageing, sterilizing and checking. The multi-efficacy cosmetic disclosed by the invention is natural in component and has multiple efficacy of whitening, removing freckles and acnes, moisturizing and the like.