CFI-Excel-eBook

The Corporate Finance Institute Excel
SMALL
Get the nth smallest value
array
k
What is the SMALL Function?
The SMALL Function is categorized as a Statistical function. It will return
numeric values based on their position in a list ranked by value. Essentially, it
calculates and returns the k smallest value in a dataset.
In financial analysis, the SMALL function can be useful in finding the smallest
value in a given set of values. For example, if all salespersons are given the
same target, we can find out which one achieved the sales target in the
shortest time for a given year.
Formula
=SMALL(array,k)
The SMALL function uses the following arguments:
1. Array (required argument) – It is an array or range of numerical data for
which we want to find the k smallest value.
2. K (required argument) – It is the smallest value from the given array.
How to use the SMALL Function in Excel?
To understand the uses of the SMALL function, let us consider a few examples:
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