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How to build a KPI dashboard formula in Excel and Google Sheets
Excel & Google Sheets
=SUM(B2:B4)/COUNTA(B2:B4)✓
Verified example
Computed by a real spreadsheet engine on the sample data below.
| Sales | Revenue |
| Product A | 1500 |
| Product B | 2300 |
| Product C | 1800 |
=SUM(B2:B4)/COUNTA(B2:B4)→1866.6666666667
Try it with your data
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Step by step
- 1Enter your KPI data into a table format with headers.
- 2Select a cell where you want to display the KPI metric.
- 3Input the formula to calculate the desired metric (e.g., average, sum).
- 4Format the cell to enhance readability and presentation.
- 5Test the formula by changing the underlying data to ensure accuracy.
Tips
- Use absolute references ($) when copying formulas across different parts of your sheet to maintain consistency.
- Ensure your data range matches the formula's reference to avoid errors.
- Consider using conditional formatting to highlight significant changes or thresholds in your KPIs.
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Frequently asked
What if my data includes text or empty cells?
Use functions like SUMIF or AVERAGEIF to exclude non-numeric values.
Can I use this formula for multiple KPIs?
Yes, duplicate the formula and adjust the cell references to target different data sets.
How do I update the dashboard automatically?
Ensure your data source is linked correctly, and the formulas will automatically recalculate upon data entry or change.