diff --git a/eth_utils/decorators.py b/eth_utils/decorators.py
index 0268be25..df660aaa 100644
--- a/eth_utils/decorators.py
+++ b/eth_utils/decorators.py
@@ -4,9 +4,15 @@
     Any,
     Callable,
     Dict,
-    Optional,
+    Generic,
     Type,
     TypeVar,
+    Union,
+)
+
+from typing_extensions import (
+    Concatenate,
+    ParamSpec,
 )
 
 from .types import (
@@ -14,17 +20,18 @@
 )
 
 T = TypeVar("T")
+P = ParamSpec("P")
 
 
-class combomethod:
-    def __init__(self, method: Callable[..., Any]) -> None:
+class combomethod(Generic[P, T]):
+    def __init__(self, method: Callable[Concatenate[Any, P], T]) -> None:
         self.method = method
 
     def __get__(
-        self, obj: Optional[T] = None, objtype: Optional[Type[T]] = None
-    ) -> Callable[..., Any]:
+        self, obj: object = None, objtype: Union[type, None] = None
+    ) -> Callable[P, T]:
         @functools.wraps(self.method)
-        def _wrapper(*args: Any, **kwargs: Any) -> Any:
+        def _wrapper(*args: P.args, **kwargs: P.kwargs) -> T:
             if obj is not None:
                 return self.method(obj, *args, **kwargs)
             else:
diff --git a/newsfragments/236.feature.rst b/newsfragments/236.feature.rst
new file mode 100644
index 00000000..58ff3c81
--- /dev/null
+++ b/newsfragments/236.feature.rst
@@ -0,0 +1 @@
+Improve type hints for decorator combomethod.
diff --git a/setup.py b/setup.py
index d4bc2309..52b3d479 100644
--- a/setup.py
+++ b/setup.py
@@ -55,6 +55,7 @@
     url="https://github.com/ethereum/eth-utils",
     include_package_data=True,
     install_requires=[
+        "typing_extensions",
         "eth-hash>=0.3.1",
         "eth-typing>=5.0.0",
         "toolz>0.8.2;implementation_name=='pypy'",