CFI-Excel-eBook

The Corporate Finance Institute Excel
Download the XNPV template
If you’d like to incorporate this function in your own financial modeling and
valuation work, please feel free to Download CFI’s XNPV function template and
use it as you see it.
It could be a good idea to experiment with changing the dates around and
seeing the impact on valuation, or the relative difference between XNPV vs NPV
in the Excel model.
XNPV vs NPV implications
The results of the comparisons of XNPV vs NPV formulas produces an
interesting result and some very important implications for a financial analyst.
Imagine if the analyst were valuing a security and didn’t use the proper time
periods that XNPV takes into account… they would be undervaluing the
security by a meaningful amount!
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