Calculating a Weighted Average

Written by Allen Wyatt (last updated March 28, 2026)
This tip applies to Excel 2007, 2010, 2013, 2016, 2019, 2021, 2024, and Excel in Microsoft 365


3

In the range G2:G26, Fran has a bunch of values. In the range H2:H26 she has weights assigned to each value. The weights are in the range of 0.5 to 2.0, representing 50 percent to 200 percent. Fran wonders what formula she should use to create a weighted average of the values in G2:G26.

An average is easy enough to figure out, using either the AVERAGE function or by summing a range and dividing by the number of items in the range. Things get a bit trickier with weighted averages, however. Consider the following formula:

= SUMPRODUCT(G2:G26*H2:H26)/COUNT(G2:G26)

This seems to fulfill the requirement of summing the weighted values and then dividing by the number of items in the range. This doesn't work, however, because it treats each item in the denominator as equal in importance. They are not equally important, though, and their relative importance must be taken into account.

A weighted average is properly defined as the sum of all the weighted values divided by the sum of all the weights. Thus, the following formula will provide Fran with the correct result:

=SUMPRODUCT(G2:G26,H2:H26)/SUM(H2:H26)

The SUMPRODUCT function sums each of the weighted values—derived by multiplying each value in G2:G26 by its weight in H2:H26—and the SUM function sums all the weights. The division provides the final weighted average.

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (13970) applies to Microsoft Excel 2007, 2010, 2013, 2016, 2019, 2021, 2024, and Excel in Microsoft 365.

Author Bio

Allen Wyatt

With more than 50 non-fiction books and numerous magazine articles to his credit, Allen Wyatt is an internationally recognized author. He is president of Sharon Parq Associates, a computer and publishing services company. ...

MORE FROM ALLEN

Dates with Periods

You may want Excel to format your dates using a pattern it doesn't normally use—such as using periods instead of ...

Discover More

Extracting INCLUDEPICTURE File Names

If you use the INCLUDEPICTURE field to add images to your document, you may love the macro in this tip. It allows you to ...

Discover More

Understanding the Lock Screen

Start up your Windows system, and chances are good that you'll see the Lock Screen almost immediately. Since this is the ...

Discover More

Best-Selling VBA Tutorial for Beginners Take your Excel knowledge to the next level. With a little background in VBA programming, you can go well beyond basic spreadsheets and functions. Use macros to reduce errors, save time, and integrate with other Microsoft applications. Fully updated for the latest version of Office 365. Check out Microsoft 365 Excel VBA Programming For Dummies today!

More ExcelTips (ribbon)

Extracting a State and a ZIP Code

Excel is often used to process or edit data in some way. For example, you may have a bunch of addresses from which you ...

Discover More

Generating Random Strings of Characters

If you need to generate a random sequence of characters, of a fixed length, then you'll appreciate the discussion in this ...

Discover More

Deleting Duplicate Text Values

Got a list of data from which you want to delete duplicates? There are a couple of techniques you can use to get rid of ...

Discover More
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

View most recent newsletter.

Comments

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] (all 7 characters, in the sequence shown) in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is 4 - 3?

2026-03-31 07:37:32

David Watssman

Also worth noting, if using your raw data in a pivot table, you'll need to include a weighted result for each line in its own column of the source data. This allows you to add a calculated field of the weighted result/weight to give you weighted average for all lines, subtotals and totals.


2026-03-28 23:46:22

Gary Stockton

I am not nearly so knowledgeable in Excel as you, but I use sumproduct to apply a weighted average most heavily on my prior year's expenditure in a certain category, with the weight tending more to the current year's expenditure as the year winds down as follows: =IF(YEAR(NOW())='Income & Expense Summary'!$A$1, SUMPRODUCT((NOW()-DATE('Income & Expense Summary'!$A$1,1,1))/366 * 'Current Avg Monthly Expenses'!$B$4) + (1-(NOW()-DATE('Income & Expense Summary'!$A$1,1,1))/366)*'Prior Avg Monthly Expenses'!$B$4, 'Current Avg Monthly Expenses'!$B$4)

(with $A$1 being the current year)


2026-03-28 10:12:17

J. Woolley

This formula also works
    =SUM(G2:G26*H2:H26)/SUM(H2:H26)
but it requires support for dynamic arrays (Excel 2021+); otherwise, you can press Ctrl+Shift+Enter to enter it as a CSE array formula.


This Site

Got a version of Excel that uses the ribbon interface (Excel 2007 or later)? This site is for you! If you use an earlier version of Excel, visit our ExcelTips site focusing on the menu interface.

Newest Tips
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)

View the most recent newsletter.