An endoscope system includes: a light source unit that alternatingly emits first illumination light and second illumination light; an imaging means for generating a first image signal of a subject illuminated by the first illumination light, and generating a second image signal of the subject illuminated by the second illumination light; a first image signal storing means for storing the first image signals; a second image signal storing means for storing the second image signals; an image evaluation value calculating means for calculating at least one of image evaluation values based on the first image signals and image evaluation values based on the second image signals; an image signal selecting means for selecting a first display image signal and selecting a second display image signal based on the image evaluation values; and a displaying means for displaying a first image and a second image that are based on the first display image signal and the second display image signal respectively.