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Excel VALUE Function

Madhuri Thakur
Article byMadhuri Thakur

Updated May 2, 2023

VALUE Function in Excel

Introduction to VALUE Function

The value function is one kind of text function in Excel used for converting a text string or array, which also represents a number into a number thing. This is not a complete text. To understand this better, suppose we have a data set wherein a column with currency 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.

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VALUE Formula in Excel:

The Formula for the VALUE Function in Excel is as follows.

VALUE Formula

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

VALUE (Formulas)

  • Also, click on the Insert function icon, then manually write and search the formula

VALUE Step2

  • We get a new function window shown below mention the pictures.

VALUE (Function Window)

  • Write the value in the open dialog box.

VALUE (open dialog box)

  • Then we have to enter the details as shown in the picture.

enter the details

  • Put the cell or text values where you want to convert the data type.

Cell value

  • Then Click On OK.

Click On OK.

Shortcut for using the Formula:

Click on the cell where you want the result from the 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 the Value Function in Excel by a few Examples.

You can download this VALUE Function Excel Template here – VALUE Function Excel Template

Example #1

VALUE (different data type) 

Like the above image, we have few data which are 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.

VALUE (Details)

It returns the result as shown below:

VALUE (Results)

Example #2

IF Function

There are some details of calling agents in a call center, as shown in the above table. Agent Name, Agent first login 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 ” )

Short Login Duration

Now we can get the result mentioned below with the help of the value function with the IF Function.

function with IF Function

Example #3

As shown in the below picture, there are names of some fruits, quantity and we want to know the total number of fruits so we can get this using of value function with the left function.

=VALUE (LEFT (A17, 2))

with left function

Now we can get a result like this.

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.

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 appearing in a recognized format (a number in the text, date, 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 the VALUE Function in Excel, along with practical examples and downloadable Excel templates. You may also look at these useful functions in Excel –

  1. Excel DATEVALUE Function
  2. Excel Absolute Value
  3. Count Unique Values in Excel
  4. Excel P-Value
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