The VALUE function in Excel converts a text string that represents a number into a numeric value. This is particularly useful when dealing with data imported from other systems that may store numbers as text.

Syntax:

=VALUE(text)

• text: The text string that you want to convert to a number. This can be a direct text string enclosed in double quotes, or a reference to a cell containing the text.

Example 1:
If cell A1 contains the text “123”, you can use the following formula to convert it to a number:

=VALUE(A1)

This will return the numeric value 123.

Example 2:
If you have a text string “45.67” in cell B1, you can convert it to a number using:

=VALUE(B1)

This will return the numeric value 45.67.

Important Notes:

• If the text string cannot be converted to a number, the VALUE function will return a #VALUE! error.
• The VALUE function is often used in conjunction with other functions like LEFT, RIGHT, or MID to extract numeric values from text strings.