The invention discloses a novel powder metallurgical gear. The novel powder metallurgical gear is prepared from iron powder, copper powder, molybdenum powder, vanadium powder, nickel powder, yttrium powder, aluminum powder, magnesium powder, cobalt powder, lead powder, steel slag powder, cupola slag powder, ferroalloy slag powder, modified tree ash powder, graphite powder, epoxidized butyl stearate, silicone oil, methylcellulose, aluminum stearate, polyethylene glycol, ethylene bisstearamide, stearic acid, carbon fibers, glass fibers, boron nitride, epoxy propoxy propyl trimethoxysilane, silica, manganese sulfide, acrylate, an inhibitor, a binder, an enhancer, a cutting agent, a lubricant, a coupling agent and a dispersion agent. According to the novel powder metallurgical gear, through the specific composition proportion, the novel powder metallurgical gear is even in overall density, high in density, high in ductility and area percentage reduction, good in wear resistance, strength and hardness, high in material utilization rate and suitable for quickly producing high-performance gears on a large scale.