The paper presents the results of studying the alloy magnetization of the multicomponent system (Tb1−xYx)0.8Sm0.2Fe2. The substitution parameter in this system takes the following values: x = 0, 0.2, 0.4, 0.6, 0.8, 1. In the system, the atoms of magnetic terbium were replaced by atoms of weakly magnetic samarium and nonmagnetic yttrium. X-ray diffraction analysis determined the structure and lattice constant for all compositions. Phase analysis was carried out. It is known that by varying the concentration of components, temperature, and external fields, one can successfully influence the magnitude of exchange interactions leading to one or another type of magnetic ordering in the rare-earth intermetallic metals. Therefore, the main goal in this work was to investigate the possibility of observing the magnetic phase transition – ferrimagnetism – ferromagnetism - in the alloys of the system from the curves of the field dependence of magnetization in strong fields up to 60 T. The studies were carried out at the liquid helium boiling point. The main magnetic characteristics of the alloys of this system were determined, such as saturation magnetization σs, magnetic moment per formula unit μ and magnetic moment μFe on iron atoms. Their dependences on the concentration of yttrium were established. The possible values of the magnetic moment per formula unit in the case of ferromagnetic ordering of these alloys were calculated theoretically. It was concluded that these fields are insufficient to observe the ferrimagnetism – ferromagnetism phase transition.