According to the invention, there are disclosed a power metallurgy composite cam sheet and a fabrication method thereof. The power metallurgy composite cam sheet is constructed by combining a power metallurgy cam be composited on a surface of a matrix. The fabrication method of the power metallurgy composite cam sheet includes sinter welding, braze welding, argon arc welding, laser welding, hot pressing and other methods. The powder metallurgy composite cam sheet fabricated by the invention has merits of stable size, good impact toughness, good abrasion resistance, low cost and so on, so that it can replace an integral cam sheet that is currently fabricated by forging, drawing, power metallurgy or other process. It is suitable for the case where a hollow camshaft is prepared by mechanical assembly, hydraulic forming, welding or other process, so that the usage requirements of an assembled camshaft can be met.