PERCENTRANK Function in Excel – Calculate Rank in terms of percentage

PERCENTRANK Function in Excel calculates the relative position of a specified value i.e., rank of specified value in terms of percentage, within a set of values.

Syntax of PERCENTRANK Function in Excel

PERCENTRANK (array, x, [significance])
  • array – The array of values within which you want to find the relative position of a specific value.
  • x – The value for which you want to calculate the relative position (rank as percentage) of.
  • [significance] – Number of significant digits that the returned percentage value is rounded to.(By default the returned percentage value is rounded to 3 digits).

 

Example of PERCENTRANK Function in Excel

PERCENTRANK Function in Excel 3

  • The above Excel PERCENTRANK Function, calculates the rank of values in terms of percentage
  • Supplied value should be within the range of the values in the supplied array
  • If the value is not found in the array, the array values are interpolated to calculate the percentage rank
  • In Row number 12, value 1000 is passed as an input x, so the percentile rank is interpolated to 3.7% for value 1000.

Now select all the values from B2:B12. From the drop down click percentage as shown below so that all the values are presented in percentage.

PERCENTRANK Function in Excel 2

so finally it will be looking like

PERCENTRANK Function in Excel 3

NOTE:

#NUM! – Error occurs if

  • The supplied [significance] value is < 1
  • The supplied array is empty.

#N/A – Error occurs if the supplied value of x is smaller than the minimum, or greater than the maximum value in the supplied array.

previous-small PERCENTRANK Function in Excel                                                                                                                next_small PERCENTRANK Function in Excel