A projection apparatus includes a light source, a light valve, a light uniforming device, and a lens module. The light source provides an illumination beam. The light valve on a transmission path of the illumination beam converts the illumination beam into an image beam. The light valve has an active surface with a rectangular shape. The light uniforming device is between the light source and the light value. The lens module is between the light uniforming device and the light value. A refractive power of the lens module along a first direction is different from a refractive power of the lens module along a second direction. An f-number of the illumination beam along a direction parallel to a long side of the active surface of the light valve is greater than an f-number thereof along a direction parallel to a short side of the active surface of the light valve.