A stereo image generation method and an electronic apparatus using the same are provided. The stereo image generation method includes the following steps. A two-dimensional (2D) original image corresponding to a first viewing angle is obtained, and a depth map of the 2D original image is estimated. Interpupillary distance information of a user is detected. A pixel shift processing is performed on the 2D original image according to the interpupillary distance information and the depth map to generate a reference image corresponding to a second viewing angle. An image inpainting processing is performed on the reference image to obtain a restored image. The restored image and the 2D original image are merged to generate a stereo image conforming to a stereo image format.