In order to solve the problems of poor efficiency and low automation in laser dressing of superabrasive grinding wheels, the spectral monitoring research based on the automatic dressing of superabrasive grinding wheels was systematically carried out in this paper. For the first time, the characteristic element spectral lines that could respectively characterize the identity information of grain and bond were established, and by monitoring the characteristic element spectral line waveforms, the profiling/sharpening processing status identification was realized. It was the first to propose using the presence or absence of line spectrum during the laser dressing process as a monitoring indicator, which could achieve qualitative identification of the high-efficiency processing status of the laser beam focus. When the laser beam was in the positive defocus state, the material could be removed more accurately. A greater quantity of material would be eliminated when the laser beam was in the negative defocus state. The mapping relationship between the spectral characteristic waveform and the defocus amount of the laser beam during the laser dressing process was revealed, and a spectral monitoring theory of the defocus amount fluctuation of superabrasive grinding wheels was constructed. A high-efficiency automated laser profiling method for grinding wheels based on spectrum-assisted monitoring and self-adaptive feed was innovatively explored, and experiments had proven that this method could achieve self-adaptive feed for laser beam fast slow compensation, ultimately achieving high efficiency and automatic dressing of superabrasive grinding wheels.