A physiological information processing method includes: acquiring electrocardiogram data of a subject; acquiring pulse wave data of the subject; measuring the heart rate based on the electrocardiogram data; measuring the pulse wave transit time based on the electrocardiogram data and the pulse wave data; calculating a cardiac output based on the pulse wave transit time and heart rate which have been measured; calculating the systemic vascular resistance; and correcting the calculated cardiac output based on the systemic vascular resistance.