CFI-Excel-eBook

The Corporate Finance Institute Excel
INDEX
Get a value in a list or a table
based on location
array
row_num
col_num
area_num
What is the INDEX Function?
The INDEX function is categorized under Lookup and Reference functions. The
function will return the value at a given position in a range or array. The INDEX
function is often used with the MATCH function. We can say it is an alternative
way to do VLOOKUP.
As a financial analyst, INDEX can be used in other forms of analysis besides
looking up a value in a list or table. In financial analysis, we can use it along
with other functions, for lookup and return the sum of a column.
There are two formats for the INDEX function:
1. Array format
2. Reference format
The Array format of the INDEX Function
The array format is used when we wish to return the value of a specified cell or
array of cells.
Formula
=INDEX(array, row_num, [col_num])
The function uses the following arguments:
1. Array (required argument) – It is the specified array or range of cells.
2. Row_num (required argument) – It denotes the row number of the
specified array. When the argument is set to zero or blank, it will default to
all rows in the array provided.
3. Col_num (optional argument) – It denotes the column number of the
specified array. When this argument is set to zero or blank, it will default to
all rows in the array provided.
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