An ultrasonic blood vessel inspecting apparatus provided with a longitudinal cross sectional blood vessel image generating portion configured to generate a longitudinal cross sectional image of a blood vessel located below a skin of a live body, on the basis of reflected wave signals of an ultrasonic wave by using an ultrasonic probe placed on the skin of said live body, includes: an index value calculating portion configured to calculate an index value indicative of a degree of clarity of an image which represents an intima-media complex of said blood vessel and which exists within said longitudinal cross sectional image of the blood vessel.