This study synthesized the literature analysis and experts’ opinions, established the final evaluation index system after several rounds of index screening, selected the hierarchical analysis method to calculate the weights of each index, and created a gray multilevel evaluation model to evaluate the core literacy of early childhood physical education teachers. The index system was applied to evaluate the core literacy of several early childhood physical education teachers in combination with actual cases to verify the practicality of the evaluation system. Through the process of initial screening and re-screening of indicators, the study obtains that the indicator system contains 4 first-level indicators, 10 second-level indicators and 37 third-level indicators. Hierarchical analysis determined that the weights of the first-level indicators of ideological character, professional knowledge, professional ability, and innovative learning were 0.317, 0.289, 0.211, and 0.183, respectively.The average scores of the 50 early childhood physical education teachers on the above first-level indicators were 4.58, 4.34, 4.25, and 3.85, respectively, and the grayscale scores of their core qualities were in the interval of (4,5), which was in the “excellent” grade. The core literacy index system of early childhood physical education teachers based on hierarchical analysis has practical value.