A multifunctional torque wrench includes a main body, an operation member, and an indication device. The main body has a driving portion, a combination portion, and a twisting portion. The driving portion pivotally drives a fastener to rotate about an axis passing through the main body. The operation member is switchable between a first position and a second position with respect to the main body. The extension portion extends along a second axis. When the operation member is at the first position, the second axis is vertical to the first axis, allowing a user to turn the main body to generate the torque for driving a fastener. The indication device is disposed between the main body and the operation member for displaying the torque value. When the operation member is at the second position, the second axis is parallel to the first axis for storage.