The invention relates to a multifunctional pencil sharpener. The multifunctional pencil sharpener comprises a shell, a pencil sharpening mechanism, a fixing mechanism, a driving mechanism, a chippingcollecting box, a bevel gear b, a rack a, an eraser cleaning device a and an eraser cleaning device b, wherein the driving mechanism is arranged on one side of the shell, the driving mechanism is connected with the bevel gear b, the pencil sharpening mechanism is connected with the bevel gear b, the fixing mechanism is arranged on the left side of the pencil sharpening mechanism, the eraser cleaning devices are fixedly connected to the pencil sharpening mechanism, the chipping collecting box is arranged on the lower part of the shell, the upper part of the chipping collecting box is connectedwith one end of the rack a, and the eraser cleaning device b is arranged in the chipping collecting box. According to the multifunctional pencil sharpener, residual chippings generated when a pencil is sharpened can be prevented from leaking so as not to damage the environment, the multifunctional pencil sharpener can also be used for cleaning erasers, and chippings generated when the erasers arecleaned can be preferably put away so as not to cause environmental pollution.