A conductive film magnetic component such as an inductor or transformer includes a conductive film winding having a generally serpentine configuration when disposed in a plane. This film is folded to form a stack of layers with each "layer" comprising part of a winding turn and with successive "layers" connected at the folds via the continuous conductive film. The conductive film may be self-supporting and coated with a dielectric layer or may be disposed on a dielectric membrane. The film and membrane are preferably patterned photolithographically.