Disclosed herein is a position indicator that includes: an enclosure forming a hollow and rod-shaped tubular body; a substrate disposed in the hollow portion of the enclosure and having a circuit configured to process signals exchanged with a position detection sensor; and a film-shaped capacitor having first and second conductor layers. The first conductor layer is formed on one side of a sheet-shaped dielectric, and the second conductor layer is formed on another side of the sheet-shaped dielectric and is opposed to the first conductor layer with the sheet-shaped dielectric provided therebetween. The film-shaped capacitor is fastened to the substrate in such a manner as to make up part of said circuit, and the size of an area over which the first and second conductor layers of the film-shaped capacitor are opposed is changeable by changing the size of the film-shaped capacitor to specify a constant for said circuit.