The invention relates to a graphene and oxide ceramic composite material and a preparation method. Graphite oxide is used as a graphene precursor, the graphite oxide is mixed with zirconium oxide ceramic powder according to a certain proportion, and the mixture is molded and sintered so as to form the graphene and oxide ceramic composite material. The graphene and oxide ceramic composite material has a nanometer composite structure with network connections, nanometer layered graphene is uniformly distributed on a ceramic matrix to form the nanometer composite structure, the nanometer composite structure is conductive to strengthening of strength of the ceramic and endows the ceramic with the functional characteristics of semiconductor, electric conduction, heat conduction, electrochemistry, and the like, and the composite material can be used for developing sensors, electromagnetic shielding, electric heating devices, heat conduction materials, energy-storage electrodes, and the like and is used for the fields of aerospace, electronics, chemical engineering and energy sources. The graphene and oxide ceramic composite material is formed by one step in the sintering process, does not need the processes of functionalizing, mixing and the like, is simple in preparation process and is suitable for large-scale production.