A portable blood pressure measuring apparatus and a method therefor are provided. In the portable blood pressure measuring apparatus, a blood pressure measurer measures a wrist or finger blood pressure being an arterial pressure at a wrist or a finger, a Pulse Wave Velocity (PWV) measurer measures a PWV, a controller controls compensation of the wrist or finger blood pressure using the PWV so that the wrist or finger blood pressure corresponds to a brachial blood pressure, and a display displays the compensated wrist or finger blood pressure.