The invention relates to a multifunctional ring shear apparatus, which is applicable to measuring shear resistance of granular materials such as soil, stones and the like and volume change of the granular materials during shear. The multifunctional ring shear apparatus mainly comprises a main unit, a hydraulic lifting system, a rotary power system, a measuring system, a frame and the like, wherein the main unit, the rotary power system, the hydraulic lifting system and the measuring system are respectively fixed onto the frame, and the main unit comprises a shaft, an upper shear box, a lower shear box, a bearing flange and the like. A ring shear box provides a horizontal shear mode, a vertical shear mode and different roughness conditions, bulk granular materials such as the soil, the stones and the like flow in the ring shear box, the shear force of sheared surfaces of the granular materials is measured during flowing, and the ring shear box can be replaced in use. The multifunctional ring shear apparatus can be used for accurately measuring volume control, vertical pressure control, shear rate control, the shear force, shear rate, the volume change, pressure and the like of action objects.