## What Is VALUE Function In Excel?

The

VALUE Function in Excelconverts a text string representing a numeric value into a number. When the text string is in one of the formats, such as date, number, time, etc., we get the “#VALUE” error, which is converted to a numeric value using this function.The

VALUE function in Excelis an inbuilt function, which means that we can insert it as a formula from the “Function Library” or enter it directly in the worksheet. For example, we will apply theVALUE Function in Excelto calculate the negative number value. Select cellB2, enter the formulaand press the “=VALUE(A2),Enter” key.

The output is “**-10**”, as shown above. The value of the selected cell is the negative number itself.

##### Table of contents

###### Key Takeaways

- The
**VALUE Function in Excel**converts the text strings with formats such as date, time, fractions, percentage, etc… into a numeric value. - The
**VALUE function**has only one argument, i.e.,The function will take only one cell reference at a time. The function will give an error if we select multiple cells or a cell range. Therefore, once we enter the formula and get the required result, then we can copy the formula to the other cells.*text.* - This function makes the Excel data compatible with other spreadsheet applications.

**VALUE() Excel Formula**

The Syntax of the **VALUE function in Excel formula** is,

The argument of the **VALUE function in Excel formula** is,

: It is a mandatory argument. The*text*refers to a cell containing the text we want to convert.*text*

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### How To Use The VALUE Excel Function?

We can use the **VALUE Excel Function **in 2 methods, namely,

**Access from the Excel Ribbon.****Enter in the worksheet manually.**

#### Method #1 – Access from the Excel ribbon

First, choose an empty cell for the output > select the **“Formulas” **tab > go to the “**Function Library**” group > click the “**Text**” option drop-down > select the “**VALUE**” function, as shown below.

The “**Function Arguments**” window appears. Enter the argument in the “**Text**” field and click “**OK**”, as shown below.

#### Method #2 – Enter in the worksheet manually

- Select an empty cell for the output.
- Type
**=VALUE(**in the selected cell. [Alternatively, type “=V” and double-click the**VALUE function**from the list of suggestions shown by Excel.] - Enter the arguments as a cell reference in Excel.
- Click “
**OK**”. - Press the “
**Enter**” key.

Let us take an example to understand this function. Here, we will convert the time value to its numeric value **using** **VALUE Function in Excel.**

In the table, the data is,

- Column A contains the Input.
- Column B will display the results that get converted to numeric values.

The steps to convert the input values **using** **VALUE Function in Excel **are as follows:

**Select cell B2, enter the formula =VALUE(A2), and press the “Enter” key. The output is 0.4444, as shown below.****Drag the formula from cell B2 to B5 using the fill handle.**

The output is shown above. All the time values in Column A are converted to their respective numeric values, as displayed in Column B.

**Examples**

We will understand the **VALUE function in Excel **with some advanced scenarios.

**#1 Example**

We will convert the dates that are in different formats into numeric values using the **VALUE function in Excel**.

In the table, the data is,

- Column A contains the Input.
- Column B will display the results that get converted to numeric values.

The steps to convert the dates to numeric values using the **VALUE Function in Excel **are as follows:

**Step 1:** Select cell **B2**, enter the formula ** =VALUE(A2), **and press the “

**Enter**” key. The result is ‘36527’, as shown below.

**Step 2: **Drag the formula from cell **B2** to **B4** using the fill handle.

The output is shown above. All the date formats in Column A are converted to their respective numeric values as displayed in Column B.

**#2 Example**

We will convert the fraction, scientific, and percentage values into numeric values using the **VALUE function in Excel**.

In the table, the data is,

- Column A contains the Input.
- Column B will display the results that get converted to numeric values.
- Column C is for our reference.

The steps to convert the values using the **VALUE Function in Excel **are as follows:

**Step 1:** Select cell **B2**, enter the formula ** =VALUE(A2), **and press the “

**Enter**” key.

**The result is shown below.**

**Step 2:** Drag the formula from cell **B2 to B4** using the fill handle.

The output is shown above. The fraction, scientific, and percentage values in Column A are converted to their respective numeric values as displayed in Column B.

**#3 Example **

We will convert the values into numeric values and find the difference between the values using the **VALUE function in Excel**.

In the table, the data is,

- Column A contains the V1.
- Column B contains the V2.
- Column C will display the difference between the converted numeric values.

The steps to convert to numeric values and find the difference using the **VALUE Function in Excel **are as follows:

**Step 1:** Select cell **C2**, enter the formula ** =VALUE(A2)-VALUE(B2), **and press the “

**Enter**” key. The output is

**‘-100’**, as shown below.

**Step 2: D**rag the formula from cell **C2** to **C4** using the fill handle.

The output is shown above. First, all the date formats in Columns A and B are converted to their respective numeric values, and then the difference is calculated as displayed in Column C.

**VALUE Function Returns #VALUE Error**

We may get the “**#VALUE**!” error when using the **VALUE Function in Excel** for the following reasons:

- If the
**Excel VALUE formula**is typed incorrectly. - The cell references are incorrect or are not in the array.
- A source string appears in a format that does not recognize the
**VALUE**formula. - A non-numeric value is entered as a parameter.

**Important Things To Note**

- The function processes any fractional and numeric values less than or greater than, or equal to zero.
- The text entered that has to be converted into the number must be within double quotes, or else the
**“#NAME!**” error occurs. - By default, Excel converts the non-numeric values to numbers as required, so we may not use the VALUE function frequently.

**Frequently Asked Questions**

**1. What does the VALUE function do in Excel?**

The **VALUE Function in Excel **is designed to convert text values to numbers and avoid VALUE errors. The function recognizes numeric data, and other time or date formats. The “** text**” argument is a text string enclosed in quotation marks or a reference to a cell containing the text to be changed to a number.

The syntax of the VALUE function is as follows

*=VALUE(text).***2. How do you use the VALUE function in Excel?**

The **VALUE Function in Excel **is used as follows:

#1 – Select an empty cell for the output.

#2 – Type **=VALUE(** in the selected cell. [Alternatively, type “=V” and double-click the **VALUE function **from the list of suggestions shown by Excel.]

#3 – Enter the arguments as a cell reference.

#4 – Click “**OK**”.

#5 – Press the “**Enter**” key.

For example, we will apply the VALUE function in Excel to calculate the currency number.

Select cell B2, enter the formula ** =VALUE(A2), **and press the “Enter” key.

The output is “

**10000**”, as shown above.

**3. Where is the VALUE function in Excel?**

We can use the **VALUE Function in Excel **as follows:

First, choose an empty cell for the output – select the **“Formulas” **tab – go to the “**Function Library**” group – click the “**Text**” option drop-down – select the “**VALUE**” function, as shown below.

**Download Template**

This article must help understand the **VALUE Function in Excel **with its formula and examples. You can download the template here to use it instantly.

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