The invention relates to a device and a method for measuring visual threshold values, and belongs to the technical field of optical precision measurement. The device for measuring the visual threshold value comprises a first uniform surface light source, a second uniform surface light source, a first fundamental color matching system, a second fundamental color matching system, a first complementary color matching system, a second complementary color matching system, a first color mixing system, a second color mixing system and a beam splitting system. A set of multi-parameter measurement device for the visual threshold values is implemented by utilizing a four-integrating sphere light source system and multiplexing the color matching systems, the color mixing systems and a subsequent light path to generate four observation targets of which the brightness (illuminance), the contrast, the chromaticity and the periodic pattern frequency are variable, and can be used for simultaneously measuring visual illuminance, contrast and chromatic aberration threshold values, so that the device is convenient to operate, wide in measurement range and color gamut adjustment range and higher in light source output power, and a plurality of parameters can be measured.