Disclosed are a receiving device and a channel estimation method that are capable of using the amplitude information of a received signal to perform proper channel estimation. In the device, a detection section (102) extracts the amplitude information of the OOK modulation signal sequence in which a known CES (Channel Estimation Sequence) composed of data “0” and “1” is OOK (On Off Keying)-modulated to obtain a detected signal sequence. A “1”-detection section (1042) extracts only the sample value corresponding to the data “1” from the sample values of the detected signal sequence to obtain an extracted signal sequence. A correlation calculating section (1043) performs the correlation calculation between the extracted signal sequence and the CES. A propagation delay estimation section (1044) estimates the propagation delay amount of a CIR (Channel Impulse Response) from the correlation calculation. An amplitude coefficient estimation section (1045) estimates the amplitude coefficient of the CIR from the correlation calculation.