Ceramic Capacitors or Disc Capacitors as they are generally called, are made by coating two sides of a small porcelain or ceramic disc with silver and are then stacked together to make a capacitor. For very low capacitance values a single ceramic disc of about 3-6mm is used. Ceramic capacitors have a high dielectric constant (High-K) and are available so that relatively high capacitance’s can be obtained in a small physical size.

Ceramic Capacitor
They exhibit large non-linear changes in capacitance against temperature and as a result are used as de-coupling or by-pass capacitors as they are also non-polarized devices. Ceramic capacitors have values ranging from a few picofarads to one or two microfarads, ( μF ) but their voltage ratings are generally quite low.
Ceramic types of capacitors generally have a 3-digit code printed onto their body to identify their capacitance value in pico-farads. Generally the first two digits indicate the capacitors value and the third digit indicates the number of zero’s to be added. For example, a ceramic disc capacitor with the markings 103 would indicate 10 and 3 zero’s in pico-farads which is equivalent to 10,000 pF or 10nF.
Likewise, the digits 104 would indicate 10 and 4 zero’s in pico-farads which is equivalent to 100,000 pF or 100nF and so on. So on the image of the ceramic capacitor above the numbers 154 indicate 15 and 4 zero’s in pico-farads which is equivalent to 150,000 pF or 150nF or 0.15uF. Letter codes are sometimes used to indicate their tolerance value such as: J = 5%, K = 10% or M = 20% etc.