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The Corporate Finance Institute Excel
OR
Test multiple conditions with OR
logical1 logical2 …
What is the OR Function?
The OR Function is categorized under LOGICAL functions. The function will
determine if any of the conditions in the test is TRUE.
In financial analysis, the OR function can be useful in comparing two
statements or two values. For example, A1 for either “a” or “b,” use
=OR(A1=”a”,A1=”b”). The OR function can be used as the logical test inside the
IF function to avoid extra nested IFs, and can be combined with the AND
function.
Formula
=OR(logical1, [logical2], …)
The OR Function uses following arguments:
1. Logical1 (required argument) – It is the first condition or logical value to
evaluate.
2. Logical2 (optional argument) – It is the second condition or logical value to
evaluate.
How to use the OR Function in Excel?
As a worksheet function, OR can be entered as part of a formula in a cell of a
worksheet. To understand the uses of the function, let us consider an example:
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