The invention discloses a paper sheet quantitative detection device which is based on a terahertz time-domain spectroscopy technology and a method thereof. The detection device includes: a femtosecond laser, a beam splitter, an optical delay device, a reflective mirror, a focusing lens, a photoconductive antenna type terahertz transmitter, a polyethylene lens, a polarizer, a zinc telluride electro-optical crystal, a phase-locking amplifier, a high-power amplifier and a data collection and processing system. The invention makes use of the polyethylene lens for aligning the terahertz waves to the parallel light beams, and the polyethylene lens is used for focusing the terahertz waves on a terahertz detector after penetrating the paper sheet. The paper sheet quantitative detection method which is disclosed by the invention firstly establishes a paper sheet quantitative detection mathematical model, then respectively measures the time-domain signals of the terahertz waves penetrating the air and penetrating the paper sheet, extracts the delay time and applies the established mathematical model to calculate the paper sheet quantitative value. The invention has high precision of the measurement, strong anti-interference capability, small influence of multiple reflections and safe usage, so the invention can be used in the precise paper sheet quantitative detection of the field of paper making.