The invention provides a KT sheet gum and a preparation method thereof. The KT sheet gum is prepared from the following raw materials by weight percentage: 25 percent of vinyl acetate, 22 percent of butyl acrylate, 4.25 percent of methyl methacrylate, 1.178 percent of acrylic acid, 2 percent of N-hydroxymethyl acrylamide, 1.25 percent of polyvinyl alcohol 17-88, 0.95 percent of sodium dodecylbenzene sulfonate, 0.525 percent of non-ionic emulsifier OP-10 (nonylphenol polyoxyethylene ether), 0.125 percent of disodium hydrogen phosphate dodecahydrate, 0.2 percent of ammonium peroxydisulfate, 1.78 percent of potassium hydroxide, 0.1-0.2 percent of pH regulator, and 40.542-40.642 percent of distilled water. The KT sheet gum has the advantages of good initial viscosity, high cohesional strength, good water resistance, good aging resistant performance and neutral pH value, has no influence on a KT sheet, namely a PS foam material, and can perform cold gluing at normal temperature, the time for pasting composite curing is short, and the using process is convenient; besides, the KT sheet gum has no organic solvent, and the product contains no formaldehyde.