The invention provides a multifunctional pencil box. A cover is arranged on the top of a recessed box. The cover and the recessed box are connected by a magnet. A block is arranged inside the recessed box to divide the recessed box into two cavities which do not communicate with each other. A time display is arranged on an outer sidewall of the recessed box. The multifunctional pencil box integrates a plurality of common learning tools used during study into one piece, which satisfies the needs of students of different ages.