The present technology relates to a signal processing apparatus, a signal processing method, and a program that allow an improvement in the rate of modulation of PWM signals. Pulse width modulation (PWM) is performed to convert one of a 0 or 1 represented by a bit of a pulse density modulation (PDM) signal into which an audio signal has been PDM-modulated, into a maximum-length pulse of a maximum pulse width of a PWM signal having a period equal to the period of the PDM signal, and convert the other of the 0 or 1 of the PDM signal into a minimum-length pulse of a minimum pulse width of the PWM signal at a position adjacent to the center of the period of the PWM signal. The present technology is applicable, for example, to audio reproduction systems that reproduce audio signals.