A surge absorber has a first terminal electrode, a second terminal electrode, a third terminal electrode, an inductor portion, a surge absorbing portion, and a capacitor portion. The inductor portion has a first internal conductor and a second internal conductor mutually coupled in a polarity-reversed relation. One end of the first internal conductor is connected to the first terminal electrode. One end of the second internal conductor is connected to the second terminal electrode. The other end of the first internal conductor is connected to the other end of the second internal conductor. The surge absorbing portion has a first internal electrode connected to a connection point between the first internal conductor and the second internal conductor, and a second internal electrode connected to the third terminal electrode. The capacitor portion has a capacitance component connected between the first terminal electrode and the second terminal electrode.