DNN (Deep Neural Network) is one kind of method for artificial intelligence, which has been applied in various fields including the exploration of material properties. In the present work, DNN, in combination with the 10-fold cross-validation, is applied to evaluate and predict the thermal conductivities for two-phase WC-M (M = Ag, Co) cemented carbides. Multi-layer DNNs were established by learning the measured thermal conductivities for the WC-Ag and WC-Co systems. It is observed that there are local-minimum regions for the loss functions during training and testing the DNNs, and the presently utilized Adam optimizer is valid for breaking the local-minimum regions. The good agreements between the DNN-evaluated thermal conductivities and the measured ones manifest that the DNNs were well trained and tested. Moreover, another 1000 input data points were randomly generated for the established DNNs to predict the thermal conductivities for WC-Ag and WC-Co systems, respectively. Compared with the thermal conductivities predicted by the previously developed physical model, the presently established DNNs show similarly robust predicting ability. Concerning the efficiency, it is demonstrated in the present work that machine learning is promising to explore the material properties, especially in the high-dimensional parameter space, more efficiently than previous models, and thus can considerably contribute to the corresponding material design with less time consumption and costs.