The invention discloses traditional Chinese medicine compound toothpaste for fixing teeth, protecting gingival, healing ulcer and blackening hair as well as a preparation method thereof. The toothpaste is prepared from traditional Chinese medicine raw materials as follows: fresh eclipta, radix polygoni multiflori preparata, steamed fructus mori, roasted frucyus ligustri lucidi, roasted semen cuscutae, very hot rhizoma drynariae, raw folium istidis, raw radix sophorae flavescentis, raw radix rehmanniae, raw flos caryophylli, roasted rhizoma ligustici and the like; ingredients: a friction agent,a humectant, an adhesive, a corrosion inhibitor, a preservative and the like; the raw materials are treated with a specific processing method, and has a synergistic effect in inhibiting common oral bacteria; the toothpaste has the beneficial effects that, according to the Chinese medicine "cure disease to seek the root" theory, the toothpaste is used for people with early decline in bodily functions such as oral diseases, early appearance of gray hair, hair loss and the like, wherein the oral diseases including loose teeth, gingival atrophy, gingival bleeding, bad breath and other periodontaldiseases and sores in the mouth and tongue and the like are caused by periodontal diseases due to liver and kidney deficiency, unfilled essence, yin blood deficiency, deficiency fire disturbance andthe like. The toothpaste has the effects of tonifying liver and kidney, filling essence, nourishing yin blood, clearing heat and cooling blood, fixing teeth, protecting gingival, stopping bleeding, and blackening hair.