The invention discloses titanium alloy and an annular titanium alloy forge piece forming method. The chemical element content of the titanium alloy comprises, by weight, 7.50%-7.80% of A1, 1.00%-2.00% of Mo, 2.60%-2.80% of Zr, 2.60%-2.80% of Sn, 0.50%-1.50% of W, 0.10%-0.25% of Si, no more than 0.15% of Fe, no more than 0.10% of Cu, no more than 0.10% of Cr, no more than 0.10% of C, no more than 0.15% of O, no more than 0.04% of N, no more than 0.012% of H, and the balance Ti. The annular titanium alloy forge piece forming method comprises the following steps that after the titanium alloy is fed, and blanking is conducted at the temperature 30 DEG C below the phase transformation point; forming is conducted at the temperature 20 DEG C above the phase transformation point, and water cooling is conducted till the allay reaches the indoor temperature; double annealing is conducted on the materials obtained through the above two steps. The annular titanium alloy forge piece has the high-temperature tensile strength which can meet the use conditions and is large in affluence measure at the temperature ranging from 500 DEG C to 550 DEG C and can replace TC 25 to be used for manufacturing compressor parts and the like.