The present invention provides a multi-camera images stitching and color homogenizing method, comprising the following steps of: S1, increasing luminance of each image by using Gamma correction; S2, selecting an image that has greatest image information entropy from the images with increased luminance as a reference image, wherein the remaining picture are target images; S3, transforming each image from an RGB color space to a YCbCr color space; S4, adjusting the color and luminance of the target images to be consistent with those of the reference image in the YCbCr color space by using the reference image as a reference; S5, performing a color space inverse transformation on each image, to obtain images that locate in the RGB space. S6, performing stitching on the images by using an image homonymy points matching algorithm, to obtain a preliminary panorama image; and S7, performing contrast enhancement processing on the obtained preliminary panorama image, to obtain a luminance and color balanced panorama image. The multi-camera images stitching and color homogenizing method of the present invention is simple and quick in calculation method, and can be applied to color homogenizing processing of color images.