Excel Convert Formula to Value

How to convert formulas into values in Excel?

Author: Osman Ahmed
Osman Ahmed
Osman Ahmed
Investment Banking | Private Equity

Osman started his career as an investment banking analyst at Thomas Weisel Partners where he spent just over two years before moving into a growth equity investing role at Scale Venture Partners, focused on technology. He's currently a VP at KCK Group, the private equity arm of a middle eastern family office. Osman has a generalist industry focus on lower middle market growth equity and buyout transactions.

Osman holds a Bachelor of Science in Computer Science from the University of Southern California and a Master of Business Administration with concentrations in Finance, Entrepreneurship, and Economics from the University of Chicago Booth School of Business.

Reviewed By: Sid Arora
Sid Arora
Sid Arora
Investment Banking | Hedge Fund | Private Equity

Currently an investment analyst focused on the TMT sector at 1818 Partners (a New York Based Hedge Fund), Sid previously worked in private equity at BV Investment Partners and BBH Capital Partners and prior to that in investment banking at UBS.

Sid holds a BS from The Tepper School of Business at Carnegie Mellon.

Last Updated:February 16, 2024

What does 'Convert Formula to Value' mean in Excel?

Converting formulas into values is very helpful in improving performance through static data in case there are a lot of formulas or if the formulas themselves are complex. You can convert formulas into results on a cell-by-cell basis or by selecting an array.

When you convert a formula into the result from the calculation, Excel deletes the formula from that cell and only shows the numeric value from the formula.

For example, after you transfigure the referenced cell into a value, the reference doesn’t show =SUM(); it only shows the number from which the sum was calculated.

The reasons why someone would want to convert formulas into values vary among different people. For example, some want to do it because they want to insert values into other workbooks/sheets; others want to prevent the result from modifying when references change, and so on.

In a competitive environment, it is best not to let your competitors know how you came to the result you calculated by transfiguring formulas into values. You can even prevent them from altering or editing values by changing the calculations into the results.

Throughout the article, we will show you how to convert formulas into values using various methods.

If you choose to freeze a part of the calculation, you can replace the part you don’t want to be recalculated.

Key Takeaways

  • Convert Formula to Value is an incredibly easy task as you just have to select the references with the formulas in them and turn them into the results without the calculations by copying the cell/array and pasting them in an empty cell via “Paste Values.”
  • When converting a formula to a value, Excel removes the formula from the cell and displays only the resulting numeric value. For instance, a formula like =SUM() will be replaced by the calculated number.
  • When changing formulas into the result, you should keep a copy of the current workbook in case you choose to replace the values. You’ll have the original worksheet to return to.
  • People convert formulas to values for different reasons, such as inserting values into other workbooks/sheets, ensuring result consistency despite changes in references, or maintaining confidentiality in competitive environments.

Convert Formulas to Values in Excel Example

In this section, we will look at three different approaches to transforming a formula into a value. For example, suppose a company has amounts listed for 12 months. They calculated all those numbers together and had a sum of $550.

Sum Function in Excel

To remove the formula while keeping the number, we must press the Ctrl + C keys to copy the reference.

Copying SUM Function in Excel

Next, you’ll have to go to the Paste section on the top-hand left corner, click the down arrow, paste values, and click on any of the three options in that category. In this example, we chose Values and Number Formatting in the middle.

Pasting SUM Function in Excel

Once we've clicked on one of the “past values” options, we should see the value without the formula attached to it. So, for example, cell C15 has the =SUM(C3:C14) inside, while cell C16 is just the number itself: 550.

Formula to Value

There is a shorter way to do this. However, it doesn’t give us the currency value, only the number itself. So, first, click cell C15, and press Ctrl and C on your keyboard to copy the reference.

Example of Formula to Value

Then, click on an empty cell, right-click, go to “Paste options,” and click on the clipboard with the numbers on them, which are our “Values.”

Formula to Value Example

Once you’ve clicked “Paste Values,” you get 550 without the calculation.

Excel Formula to Value Calculation

Now, let’s look at another way to find the values. Suppose a company has its profits for each of the 12 months listed. We want to convert those profits into values.

Convert Profits into Values

So, what we need to do here is copy cells E3:E14.

Copying Cells in Excel

Then, we need to go to the “Paste” section at the top, hit the bottom arrow, and go all the way down to “Paste Special.”

Pasting Values in Excel

Once we’ve pressed that button, it’ll open the “Paste Special” window.

Paste Special in Excel

Next, we will change the paste selection from “All” to “Values.”

Value Option in Paste Special Section Excel

Then we hit OK, which gives us the result without the attached calculations, which is just the number 550, without the currency symbols.

Converting Formula To Value

Excel Convert Formula to Value FAQs

Researched and authored by Marcu Andrei Dumitrescu | LinkedIn

Reviewed and edited by Parul Gupta | LinkedIn

Free Resources

To continue learning and advancing your career, check out these additional helpful WSO resources: