# VALUE

In this comprehensive guide, we will explore the VALUE function in Excel, which is used to convert a text string that represents a number into an actual numeric value. This function is particularly useful when dealing with data imported from other sources, where numbers may be formatted as text. We will cover the syntax, examples, tips and tricks, common mistakes, troubleshooting, and related formulae for the VALUE function.

## VALUE Syntax

The syntax for the VALUE function in Excel is quite simple:

=VALUE(text)

Where:

• text is the text string that you want to convert into a numeric value.

Note that if the text argument is not a valid number, the VALUE function will return a #VALUE! error.

## VALUE Examples

Let’s look at some examples of how to use the VALUE function in Excel:

Example 1: Basic usage

Suppose you have a cell (A1) containing the text “123”. To convert this text into a numeric value, you can use the following formula:

=VALUE(A1)

This will return the numeric value 123.

Example 2: Converting a date string

If you have a cell (A2) containing a date formatted as text, such as “01/01/2022”, you can use the VALUE function to convert it into a numeric value representing the date:

=VALUE(A2)

This will return the numeric value 44197, which is the internal representation of the date “01/01/2022” in Excel.

Example 3: Converting a time string

Similarly, if you have a cell (A3) containing a time formatted as text, such as “12:00”, you can use the VALUE function to convert it into a numeric value representing the time:

=VALUE(A3)

This will return the numeric value 0.5, which is the internal representation of the time “12:00” in Excel.

## VALUE Tips & Tricks

Here are some tips and tricks to help you get the most out of the VALUE function in Excel:

Tip 1: Combine with other functions

You can combine the VALUE function with other functions to perform calculations on the converted numeric values. For example, if you have two cells (A4 and A5) containing the text “10” and “20”, you can use the following formula to add the numeric values:

=VALUE(A4) + VALUE(A5)

This will return the numeric value 30.

Tip 2: Use with conditional formatting

You can use the VALUE function in combination with conditional formatting to highlight cells containing numbers formatted as text. For example, you can create a conditional formatting rule with the formula:

=ISNUMBER(VALUE(A1))

This will apply the formatting to cells that contain a valid number formatted as text.

## Common Mistakes When Using VALUE

Here are some common mistakes to avoid when using the VALUE function in Excel:

Mistake 1: Using VALUE with non-numeric text

If you use the VALUE function with a text string that cannot be converted into a numeric value, it will return a #VALUE! error. Make sure that the text argument is a valid number, date, or time.

Mistake 2: Using VALUE with numbers already formatted as numbers

If you use the VALUE function with a cell that already contains a numeric value, it will return the same value without any conversion. The VALUE function is intended for converting text strings that represent numbers, not for cells that already contain numeric values.

## Why Isn’t My VALUE Function Working?

If you’re having trouble with the VALUE function in Excel, here are some possible reasons and solutions:

Problem 1: #VALUE! error

If the VALUE function returns a #VALUE! error, it’s likely that the text argument is not a valid number, date, or time. Check the text string to make sure it can be converted into a numeric value.

Problem 2: Incorrect result

If the VALUE function returns an incorrect result, it’s possible that the text string is not formatted correctly for conversion. Make sure that the text string follows the correct format for numbers, dates, or times in Excel.

## VALUE: Related Formulae

Here are some related formulae that you might find useful when working with the VALUE function in Excel:

1. TEXT

The TEXT function is the opposite of the VALUE function, as it converts a numeric value into a text string with a specified format. The syntax for the TEXT function is:

=TEXT(value, format_text)

2. NUMBERVALUE

The NUMBERVALUE function is similar to the VALUE function, but it allows you to specify the decimal and group separators for the text string. The syntax for the NUMBERVALUE function is:

=NUMBERVALUE(text, [decimal_separator], [group_separator])

3. DATEVALUE

The DATEVALUE function converts a date formatted as text into a numeric value representing the date. The syntax for the DATEVALUE function is:

=DATEVALUE(date_text)

4. TIMEVALUE

The TIMEVALUE function converts a time formatted as text into a numeric value representing the time. The syntax for the TIMEVALUE function is:

=TIMEVALUE(time_text)

5. ISNUMBER

The ISNUMBER function checks if a value is a number and returns TRUE if it is, or FALSE if it’s not. The syntax for the ISNUMBER function is:

=ISNUMBER(value)

## Related

### What You Need to Do Under the New PRC Company Law: Key changes and counter measures

The New PRC Company Law took effect on 1st July 2024, in which some new requirements were introduced for businesses operating in China. We summarized

### What may Trigger Tax Audits? Sharing on Recent Tax Audit Cases

Chinese tax authorities recently strengthened the tax collection efforts, in the face of diminishing fiscal revenues caused by stagnation of the economy. And they also

## Share it with your friends or colleagues

We are a boutique accounting and consulting firm servicing international businesses operating in China. We offers book keeping and business advisory service. We also help our clients select and implement SAAS business applications

Cloud technology significantly reduces cost foreign companies traditionally spent on tax compliance and ERP systems. Our cloud professionals can help with streamlining your management and controling structure, as well as advising you on how to reduce risks and maximize profits with software purposely built for Chinese business. Contact us today to learn more about our services.