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How to Rank Data in Excel

How to Rank Data in Excel

Ranking is one of the very common aspects of data analysis. In this post you’ll not only learn how to rank data in excel but also apply some variations to your ranking criteria.

Let take a look 3 tricks for ranking data in Excel

 

Let’s begin with this data !

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Note that as of now our data is sorted in descending order but our formulas will work even for unsorted data

 

Trick 1) Skip the next rank when there is a tie

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How do we do this – by using the simple RANK function. Take a look

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The Rank Function accepts 3 Inputs

  1. Number – Which number do you want to rank
  2. Reference – List of numbers
  3. Order – 0 Stands for descending and 1 stands for ascending. By defaults excel picks up 0

 

The Rank function will automatically award the same rank to the ties and skip the rank for the largest next value.

The newer versions of Excel have the new RANK.EQ function which is exactly the same as RANK function. The only difference is that it is compatible with the newer version of Excel

 

Trick 2) Allot ranks in a serial order even if there is a tie

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For doing this we need to add a COUNTIF function along with the RANK Function

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  1. The rank is doing the same work as seen in Trick 1
  2. But the COUNTIF is checking that if the number has appeared in the range previous to the current cell or not
  3. And adding that count to the current rank

 

Trick 3) Same rank incase a tie but don’t skip rank for the next value 

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This one gets a bit tricky. Let’s solve this in 3 Steps

Step 1) Find the Unique Marks (i.e. none of the marks get repeated).

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  1. Note that this is an array formula and you must confirm the formula by pressing CTRL + SHIFT + ENTER and not the usual Enter key
  2. Related – How to extract unique values from a range

 

Step 2 – Arrange the unique marks in descending order (largest to smallest)

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  1. As of now it might look stupid to arrange the data in descending order since it is already in that order
  2. But remember the data could be in any order so I am adding this additional step
  3. I have used the LARGE and the ROWS formula here

 

Step 3 – Find the Rank using Match Function

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  1. The Match function will return the same rank for ties
  2. And the next rank (without skipping) for the next largest value
  3. Related – Learn more about the MATCH Function

 

DOWNLOAD THE EXCEL FILE WITH ALL TRICKS

 

More Excel Formula Tricks

  1. Random Function Tricks
  2. 5 Extremely using Array Formulas
  3. 10 Autosum Formula Tricks
  4. How to make your VLOOKUP Fast for a Large Dataset
  5. 25 Formula Hacks for Everyday Use

 

 

Chandeep Chhabra

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