Excel for Microsoft 365 Excel for Microsoft 365 for Mac Excel for the web Excel 2021 Excel 2021 for Mac Excel 2019 Excel 2019 for Mac Excel 2016 Excel 2016 for Mac Excel 2013 Excel 2010 Excel 2007 Excel for Mac 2011 Excel Starter 2010 More…Less
This article describes the formula syntax and usage of the VALUE
function in Microsoft Excel.
Description
Converts a text string that represents a number to a number.
Syntax
VALUE(text)
The VALUE function syntax has the following arguments:
-
Text Required. The text enclosed in quotation marks or a reference to a cell containing the text you want to convert.
Remarks
-
Text can be in any of the constant number, date, or time formats recognized by Microsoft Excel. If text is not in one of these formats, VALUE returns the #VALUE! error value.
-
You do not generally need to use the VALUE function in a formula because Excel automatically converts text to numbers as necessary. This function is provided for compatibility with other spreadsheet programs.
Example
Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.
|
Formula |
Description |
Result |
|---|---|---|
|
=VALUE(«$1,000») |
Number equivalent of the text string «$1,000» |
1000 |
|
=VALUE(«16:48:00»)-VALUE(«12:00:00») |
The serial number equivalent to 4 hours and 48 minutes, which is «16:48:00» minus «12:00:00» (0.2 = 4:48). |
0.2 |
Need more help?
In a Microsoft Excel spreadsheet, values can refer to text, dates, numbers, or Boolean data. The type of value depends on the data to which it’s referring.In the case of digital spreadsheets, like Microsoft Excel, the term “number data” is used to describe numeric data instead.
Contents
- 1 What does value mean in Excel?
- 2 What is the value in a spreadsheet?
- 3 How do you use values in Excel?
- 4 Why is Excel #value?
- 5 How do you find the value in Excel?
- 6 How do u find the value?
- 7 What is label and value in Excel?
- 8 How do you use values?
- 9 How do I give text a value in Excel?
- 10 How do I make excel not show #value?
- 11 How do I fix ## in Excel?
- 12 How do you handle #value in Excel?
- 13 What is a value example?
- 14 What is the value of 3?
- 15 What is the value of 6?
- 16 What are the 3 types of data in Excel?
- 17 What are labels used for?
- 18 What are spreadsheets used for?
- 19 Does value mean worth?
- 20 Why do we need values?
What does value mean in Excel?
#VALUE is Excel’s way of saying, “There’s something wrong with the way your formula is typed. Or, there’s something wrong with the cells you are referencing.” The error is very general, and it can be hard to find the exact cause of it.
What is the value in a spreadsheet?
Values are numbers entered into spreadsheet cells. If a formula or function returns a number into a cell, this data is also a value.
How do you use values in Excel?
One quick and easy way to add values in Excel is to use AutoSum. Just select an empty cell directly below a column of data. Then on the Formula tab, click AutoSum > Sum. Excel will automatically sense the range to be summed.
The #VALUE! error appears when a value is not the expected type. This can occur when cells are left blank, when a function that is expecting a number is given a text value, and when dates are treated as text by Excel.
How do you find the value in Excel?
Use the VALUE function to convert text input to a numeric value. The VALUE function converts text that appears in a recognized format (i.e. a number, date, or time format) into a numeric value. Normally, Excel automatically converts text to numeric values as needed, so the VALUE function is not needed.
How do u find the value?
You can find this by adding the numbers in a set and dividing it by the number of numbers in that set. The value of a function at a certain point refers to the value of a function if you plug in the values given for the variables in the function. Value can also refer to worth of an object in math.
What is label and value in Excel?
Entering data into a spreadsheet is just like typing in a word processing program, but you have to first click the cell in which you want the data to be placed before typing the data. All words describing the values (numbers) are called labels. The numbers, which can later be used in formulas, are called values.
How do you use values?
7 Ways to Apply Your Personal Core Values in Daily Life
- Put them where you can see them.
- Discuss them with close family and friends.
- Put the right people in your life (and eliminate the wrong ones).
- Assess your daily tasks each morning.
- Integrate them into your regular conversations.
- Apply them as key motivators.
How do I give text a value in Excel?
Select the column, or range where you’ll be putting the values, then use CTRL+1 to bring up the Format > Cells dialog and on the Number tab select Text. Now Excel will keep your leading 0’s.
How do I make excel not show #value?
Hide error indicators in cells
You can prevent these indicators from being displayed by using the following procedure. In Excel 2016, Excel 2013, and Excel 2010: Click File > Options >Formulas. > Excel Options > Formulas. Under Error Checking, clear the Enable background error checking check box.
How do I fix ## in Excel?
To fix, try increasing the column width first. Drag the column marker to the right until you have doubled or even tripled the width. If the cell displays properly, adjust the width back down as needed, or apply a shorter number format.
How do you handle #value in Excel?
When there is a cell reference to an error value, IF displays the #VALUE! error. Solution: You can use any of the error-handling formulas such as ISERROR, ISERR, or IFERROR along with IF. The following topics explain how to use IF, ISERROR and ISERR, or IFERROR in a formula when your argument refers to error values.
What is a value example?
Values are standards or ideals with which we evaluate actions, people, things, or situations. Beauty, honesty, justice, peace, generosity are all examples of values that many people endorse.
What is the value of 3?
3 is in thousands place and its place value is 3,000, 5 is in hundreds place and its place value is 500, 4 is in tens place and its place value is 40, 8 is in ones place and its place value is 8.
What is the value of 6?
Since 6 is six units away towards right from 0, the absolute value of 6 is just 6. The absolute value of 6 is written as |6| and is equal to 6.
What are the 3 types of data in Excel?
You enter three types of data in cells: labels, values, and formulas. Labels (text) are descriptive pieces of information, such as names, months, or other identifying statistics, and they usually include alphabetic characters.
What are labels used for?
Labels may be used for any combination of identification, information, warning, instructions for use, environmental advice or advertising. They may be stickers, permanent or temporary labels or printed packaging.
What are spreadsheets used for?
A spreadsheet is a tool that is used to store, manipulate and analyze data. Data in a spreadsheet is organized in a series of rows and columns and can be searched, sorted, calculated and used in a variety of charts and graphs.
Does value mean worth?
1. Value, worth imply intrinsic excellence or desirability. Value is that quality of anything which renders it desirable or useful: the value of sunlight or good books. Worth implies especially spiritual qualities of mind and character, or moral excellence: Few knew her true worth.
Why do we need values?
Our values inform our thoughts, words, and actions.
Our values are important because they help us to grow and develop. They help us to create the future we want to experience.The decisions we make are a reflection of our values and beliefs, and they are always directed towards a specific purpose.
In a Microsoft Excel spreadsheet, values can refer to text, dates, numbers, or Boolean data. The type of value depends on the data to which it’s referring.
Before spreadsheet software was invented, the term «value» in relation to a spreadsheet meant only numeric data. In the case of digital spreadsheets, like Microsoft Excel, the term «number data» is used to describe numeric data instead.
Definitions in this article apply to Excel 2019, Excel 2016, 2013, and 2010, as well as Excel for Mac, Excel for Microsoft 365, and Excel Online.
Types of Values in Excel
If someone refers to a value in Excel, they may be referring to any of the following types of data:
- Text: String data, such as «High» or «Low.»
- Dates: A calendar date, such as «20-Nov-2018.»
- Numbers: Numeric data, such as 10 or 20.
- Boolean: A result of a logical comparison, such as TRUE or FALSE.
A «value» might also refer to a condition you define in a spreadsheet filter to view only data that you care about. For example, you may set a filter to see only rows where the value in column A is the name of an employee, like «Bob.»
Displayed Value vs. Actual Value
There are three things that define the value that gets displayed in a cell: the formula for that cell, cell formatting, and the result
When you view an Excel spreadsheet, you’ll see only the result in each cell. However, if you click on the cell, you’ll see the formula for that cell in the formula field at the top of the spreadsheet.
Formulas and formatting determine what results get displayed in each cell in different ways. A formula uses various Excel functions to perform a calculation. The result of that calculation is displayed in the cell. You can format cells in Excel to display values in financial, decimal, percentage, scientific, and many other formats. You can also set how many decimal points get displayed.
For example, the formula for cell A2 that divides number values in A1 and B1 would be =A1/B1 with a result of 20.154. However, you may set the formatting for cell A2 to display only two decimal points. In this case, the value in A2 would be 20.15.
Error Values
The term «value» is also associated with error values, such as #NULL!, #REF!, and #DIV/0!, which are displayed when Excel detects problems with formulas or the data in the cells they reference.
These are considered values because you can include them as arguments for some Excel functions.
For example, if you create a formula in cell B3 that divides the number in A2 by the blank cell A3, this results in the value #DIV/0!.
This is because the blank cell is treated as zero, which results in an error value #DIV/0!. This error value means «divide by zero error.»
#VALUE! Errors
Another error value is #VALUE!
This error occurs when a formula includes references to cells containing data types that are incorrect for the formula you’re using.
If you use formulas that perform an arithmetic operation such as addition, subtraction, multiplication, or division, but you reference a cell with text instead of a number, the result will be the #VALUE! error value.
For example, if you type the formula =A3/A4 where A3 contains the number 10 and A4 contains the word «Test,» the result will be #VALUE!. This is because Excel can’t divide a number by a text value.
Constant Values
Excel also has a set of special functions that return fixed values. These formulas don’t require you to reference any other cells as arguments.
Some examples include:
- PI: Returns the constant value of Pi (3.14).
- TODAY: Returns today’s date.
- RAND: Returns a random number.
The value data type returned by these functions depends on the function. For example, the TODAY() function returns a date value. The PI() function returns a decimal value.
The VALUE Function
One more definition of the term «value» in Excel is in reference to the VALUE function.
The VALUE function converts text into a number, as long as the text represents a number in some form. The input argument for the VALUE function can be text inserted directly into the function, or you can reference a cell in the spreadsheet that contains the text you want to convert.
Thanks for letting us know!
Get the Latest Tech News Delivered Every Day
Subscribe
VALUE Function in Excel (Table of Contents)
- VALUE in Excel
- Step for using the VALUE Function
- How to Use VALUE Function in Excel?
Introduction to VALUE Function
The value function is one kind of text function in excel which is used for converting a text string or array, which also represents a number into a number thing. This is not actually a complete text. To understand this better, suppose we have a data set wherein a column which has currencies amount is mentioned. With the help of the Value function, we can convert that currency figure with a currency signature into a pure value by which we can conclude or use that value anywhere.
VALUE Formula in Excel:
The Formula for the VALUE Function in Excel is as follows.
The VALUE function uses the arguments:-
There is only one argument in the VALUE Function which is mentioned below. Value (Required Argument / Text Value) – It is the text enclosed in quotation marks or a reference to a cell containing the text you want to convert.
Step for using the VALUE Function
- Select the Formulas tab.
- Choose Text to open the Function drop-down list.
- Select VALUE in the list to bring up the function’s dialog box
- Also, click on the Insert function icon, then manually write and search the formula
- We get a new function window showing in the below mention pictures.
- Write the value in the open dialog box.
- Then we have to enter the details as shown in the picture.
- Put the Cell value or text value where you want to convert the data type.
- Then Click On OK.
Shortcut for using the Formula:
Click on the cell where you want the result from value, then put the formula as mentioned below.
= Value (Cell Value / Text Value)
How to Use Value Function in Excel?
Value Function in Excel is very simple and easy to use. Let’s understand the working of Value Function in Excel by few Examples.
You can download this VALUE Function Excel Template here – VALUE Function Excel Template
Example #1
Like the above image, we have few data which is different like date, time, currency, numbers, numeric in-text value, and discount percentage; we can see below in the value function how to convert all the data as a numeric value, then you can easily make any calculations on the result value, now we are using value function formula below.
It returns the result as shown below:
Example #2
There are some details of calling agents in a call center as shown in the above table. Agent Name, Agent first log in time, Log out time. Total login duration on the system then we check with a formula which agent has not completed the login duration, so we can use the IF Function to check the same; in this formula, we take the help of value function, because we are giving the timing criteria in text format. We are using the IF Function with value function; value function converted in time format, which is given in the criteria in text format.
=IF (H5 >= VALUE ( ” 9:00:00 AM ” ), ” Complete Login ” , ” Short Login Duration ” )
Now we can get the result as below mentioned with the help of the value function with the IF Function.
Example #3
As shown in the below picture, there are names of some fruits, quantity and we want to know about the total numbers of fruits so we can get this using of value function with the left function.
=VALUE (LEFT (A17, 2))
Now we can get the result like this.
Things to Remember about VALUE in Excel
- If the data is not in a format that Excel recognizes, the data can be left as text. When this situation occurs, certain functions, such as SUM or AVERAGE, ignore the data in these cells and calculation errors occur. A VALUE formula returns the #VALUE error.
- You can also track the data type by alignment; Text data aligns on the left in a cell. Numbers and dates align on the right cell.
- The function converts text that appears in a recognized format (a number in the text, date, or time format, currency, percentage ) into a numeric value.
- Normally, Excel automatically converts text to numeric values as needed, so the VALUE function is not needed regularly.
Recommended Articles
This has been a guide to VALUE in Excel. Here we discuss the VALUE Formula in Excel and how to use VALUE Function in Excel along with practical examples and downloadable excel templates. You may also look at these useful functions in excel –
- Excel DATEVALUE Function
- Excel Absolute Value
- Count Unique Values in Excel
- Excel P-Value
This Excel tutorial explains how to use the Excel VALUE function with syntax and examples.
Description
The Microsoft Excel VALUE function converts a text value that represents a number to a number.
The VALUE function is a built-in function in Excel that is categorized as a String/Text Function. It can be used as a worksheet function (WS) in Excel. As a worksheet function, the VALUE function can be entered as part of a formula in a cell of a worksheet.
Syntax
The syntax for the VALUE function in Microsoft Excel is:
VALUE( text )
Parameters or Arguments
- text
- The text value to convert to a number. If text is not a number, the VALUE function will return #VALUE!.
Returns
The VALUE function returns a numeric value.
Applies To
- Excel for Office 365, Excel 2019, Excel 2016, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2007, Excel 2003, Excel XP, Excel 2000
Type of Function
- Worksheet function (WS)
Example (as Worksheet Function)
Let’s look at some Excel VALUE function examples and explore how to use the VALUE function as a worksheet function in Microsoft Excel:
Based on the Excel spreadsheet above, the following VALUE examples would return:
=VALUE(A1)
Result: 12345
=VALUE(A2)
Result: 768.8
=VALUE(A3)
Result: #VALUE!
=VALUE("67")
Result: 67