A method of position estimation including: a signal detection step in which N (where N is an integer of 3 or more) sensors each detect a magnetic field which is in accordance with a position of a mover and output a detection signal as an electrical signal, the detection signals being displaced in phase by an angle obtained by dividing 360 degrees by N; a crossing detection step in which a crossing detection section sequentially detects a crossing at which each detection signal having been output through the signal detection step crosses another; a subdivision detection step in which a subdivision detection section detects a portion of the detection signal that connects from a crossing to another crossing which is adjacent to that crossing, as one or more subdivision signals; and a line segment joining step in which a line segment joining section sequentially joins the subdivision signals and estimates the position of the mover based on the plural subdivision signals having been joined, to generate an estimated position value signal.