Three types of high-strength polyethylene (PE) fiber-reinforced composite sheets were made by compression molding at the vicinity of melting point of the fiber. Sheet I was molded from only PE fibers. Sheets II and III were prepared by the compression molding of PE fiber with conventional high-and low-density polyethylene films, respectively. The mechanical properties, thermal behavior, and morphologies of the sheets have been investigated and compared with each other. The tensile strength and elastic modulus of sheet III are 660 MPa and 14 GPa, respectively, which were 60 and 30 times higher than those of typical low-density PE film. Although the elastic modulus of sheet III is 6 GPa less than that of sheet II, the tensile strength of 660 MPa is highest in the three types of sheets prepared in this study. The mechanical properties of sheets II and III were about half of predicted theoretical ones. It was concluded that the interfacial adhesion between PE fiber and PE matrix was an important factor to improve the mechanical properties of this PE sheet.