Excel - PERCENTRANK.INC Function



PERCENTRANK.INC Function

The PERCENTRANK.INC function evaluates the percent rank of an x value in a set of data values in the specified dataset. If x does not exist in an array, then PERCENTRANK.INC interpolates between field values. This function is employed to compute a value's relative standing within a data set, interpret students' exams, and monitor the relative performance of Financial Stocks, etc.

This function was first launched in Excel 2010 and is available in the latter version of it.

Compatibility

This advanced Excel function is compatible with the following versions of MS Excel −

  • Excel for Microsoft 365
  • Excel for Microsoft 365 for Mac
  • Excel for the web
  • Excel 2024
  • Excel 2024 for Mac
  • Excel 2021
  • Excel 2021 for Mac
  • Excel 2019
  • Excel 2016
  • Excel 2013
  • Excel 2010

Syntax

The syntax of PERCENTRANK.INC function is as follows −

=PERCENTRANK.INC (array,x,[significance])

Arguments

You can use the following arguments with the PERCENTRANK.INC function −

Argument Description Required/ Optional
Array It indicates an array or range of cells that refer to the numeric values. Required
X A numeric value to extract its rank. Required
Significance A number to identify the total number of significant digits for the returned percentage value.

If skipped, PERCENTRANK.EXC utilizes three digits (0.xxx).

Optional

Points to Remember

  • If the array contains no data values, then the PERCENTRANK.INC function retrieves the #NUM! error.
  • If significance is less than 1, then the PERCENTRANK.INC function yields the #NUM! error.
  • If the x argument is greater than the maximum value presented in the defined array or smaller than the minimum value presented in the array, then in this case, the PERCENTRANK.INC returns the #N/A error.

Examples of PERCENTRANK.INC Function in Excel

Practice the following examples to get the master proficiency in the PERCENTRANK.INC function in Excel.

Example 1: How to use the PERCENTRANK.INC Function in Excel?

In this example, the percent rank of 0.03 in the cell range B2:C9 is calculated through the PERCENTRANK.INC function.

Solution

Assume the sample dataset and write the formula =PERCENTRANK.INC(B2:C9,0.03) and hit the Enter tab.

PERCENTRANK.INC Function1

Therefore, the PERCENTRANK.INC function returns the 0.2 as a result.

Example 2

If significance is less than 1, then the PERCENTRANK.INC function yields the #NUM! error.

Solution

First, double-click on the B3 cell and write the formula =PERCENTRANK.INC({1.2,12,3},2,0) and press the Enter tab.

PERCENTRANK.INC Function2

Therefore, the PERCENTRANK.INC function returns the #NUM! error as the significance is smaller than 1.

Example 3

If the x argument is greater than the maximum value presented in the defined array or smaller than the minimum value presented in the array, then in this case, the PERCENTRANK.INC returns the #N/A error.

Solution

Navigate to the Sheet 3 and write the formula =PERCENTRANK.INC({1.2,12,3},0.02,2). In this expression x value 0.02 is less than the minimum value 1.2 in the supplied array.

PERCENTRANK.INC Function3

Hence, the resulting value is #N/A.

PERCENTRANK.INC Function4

Download Practice Sheet

You can download and use the sample data sheet to practice the PERCENTRANK.INC function.

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