A multifunctional continuous phase transition extraction device comprises an extraction system, an analysis system and a solvent reclaiming system, wherein the extraction system comprises a first heat exchanger (8I), a extraction tank (1); the analysis system comprises a second heat exchanger (8II) and a first analysis tank (2I), a second analysis tank (2II), a first purifying pillar (3I), and a second purifying pillar (3II); the solvent reclaiming system comprises a first condenser (4I), a second condenser (4II), a first solvent tank (5I), and a second solvent tank (5II). According to the device, two paths of extraction circuits are formed. During the whole extraction process, the phase transition process of an extracting agent is instant and continuous; the extracting agent can be subjected to continuous phase transition and can be recycled, so that target objects can be extracted to the utmost extent, and accordingly, the efficiency is very high and the solvent consumption is small. Moreover, the whole process is performed in a sealed and low-pressure environment, the function is complete, and the purposes of safety and reliability are achieved. Therefore, the device is suitable for extraction of most natural products.