An endoscope apparatus has an illuminating unit that performs illumination with a first light once and performs illumination with a second light a plurality of times within a predetermined time period, an image pickup unit that outputs a first image pickup signal based on the illumination with the first light and a second image pickup signal based on the illumination with the second light, a clipping processing unit that clips the first and the second image pickup signals, a brightness calculating unit that calculates a first brightness, a composite ratio calculating unit that calculates a composite ratio according to a brightness target value and the first brightness, a composite processing unit that combines the first and the second image pickup signals according to the composite ratio, and a setting unit that sets a clip level according to the composite ratio.
