Provided is a recording/playback apparatus that externally acquires an uncompressed digital video signal. The recording/playback apparatus includes a compression unit compressing the uncompressed digital video signal frame-by-frame to generate compressed video data, and a record unit successively selecting, in accordance with a predetermined selection method for selecting which of the compressed video data and uncompressed video data of the uncompressed digital video signal to record, a piece of the compressed video data or the uncompressed video data, adding time information to a predetermined unit of the selected video data piece to indicate a display timing thereof, and recording the selected video data piece to the recording medium, whether the selected video data piece is compressed or uncompressed being identifiable.