The present invention relates to the field of solar cell technology and provides a titanium disulfide nano sheet / graphene composite material counter electrode preparation method. The method comprises the steps of (1) taking graphene oxide, titanium powder and sulfur powder as precursors to experience mechanical milling mixing, (2) allowing the mixture obtained in step (1) to experience high-temperature annealing under an inert atmosphere, and cooling the mixture to a room temperature to obtain a composite material whose sulfide nano sheet vertically grows on a graphene surface, (3) uniformly grinding the obtained composite material and a binder, and coating slurry to a conductive layer, and (4) allowing the conductive layer which is coated by the slurry obtained in step (3) to experience heating and annealing processing under the protection of the inert atmosphere, and cooling the conductive layer to the room temperature to obtain a target counter electrode. According to the method, the preparation process is simple, the cost of a raw material is low, the method is suitable for high-volume industrial preparation, compared with a traditional platinum counter electrode, the platinum counter electrode with high price, insufficient resource and poor stability can be substituted, and the method has an important meaning for the reduction of the cost of a dye-sensitized solar cell.