How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Compute Expert

How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps


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In this tutorial, you will learn how to use the VALUE formula in excel completely.

When working in excel, we may sometimes need to convert a number text or numeric data (e.g. date, time, a number with a currency symbol) into its pure numeric value. If we know how to use VALUE in excel, then we can get that value fast and easily.

Want to know more about VALUE and master the way to use it in excel? Read this tutorial until its last part!

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What is the VALUE Formula in Excel?

VALUE is an excel function that helps you to get the pure value of numeric data or text in excel.



VALUE Function in Excel

You can use VALUE to get the pure number value of a numeric data or text you input into it.



VALUE Result

The VALUE result is a number that represents the value of the numeric data or text you input into it.



Excel Version from Which We Can Start Using VALUE

We can start using VALUE in excel since excel 2003.



The Way to Write It and Its Input

Here is the way to write VALUE in excel.

= VALUE ( numeric_data_or_numeric_text )


You just need to input the numeric data or the numeric text you want to get the pure value from. Note that what numeric text means here is a text which contains data excel recognizes as numeric data.



Example of Its Usage and Result

Here is an implementation example of VALUE in excel.

How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of the VALUE Implementation Example

As you can see in the example, VALUE can get the pure number value of your numeric data or text. Just input your numeric data or text into VALUE, press enter, and you will immediately get its number value!




Writing Steps

Need guidance when you write your VALUE formula in excel? Use these writing steps we have made for you below!

  1. Type an equal sign ( = ) in the cell where you want to put your VALUE result

    How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of Step 1

  2. Type VALUE (can be with large letters and small letters) and an open bracket sign after =

    How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of Step 2

  3. Input the numeric data or numeric text you want to get your number value from

    How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of Step 3

  4. Type a close bracket sign

    How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of Step 4

  5. Press Enter
  6. Done!

    How to Use the VALUE Formula in Excel: Functions, Examples, and Writing Steps - Screenshot of Step 6




Exercise

After you have learned how to use VALUE in excel, let’s do the following exercise to deepen your understanding!

Download the exercise file below and answer the questions. Download the answer key file if you have done the exercise and want to check your answers.

Link to the exercise file:
Download here

Questions

Give your answer in the appropriate gray-colored cell according to the question number. Use VALUE to get the answer.
  1. What is the number value of the time data on the left?
  2. What is the sum of the number on the left with 2? Use SUM to sum the two numbers!
  3. What is the average of the number on the left with the no. 2 number? Use AVERAGE to get the average of the two numbers!

Link to the answer key file:
Download here



Additional Note

Confused about the VALUE result you get from a date/time? That is the serial number for that date/time in excel.

In excel, date/time data is actually a number that it displays differently. That number before excel changes its display is what VALUE produces for you.



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