In Excel: calculate a weighted average with =SUMPRODUCT(A2:A10,B2:B10)/SUM(B2:B10), where column A holds the values and column B their weights — plain AVERAGE ignores the weights entirely.
3 value/weight pairs · Unweighted mean: 80.0000
Need it as an auditable file?
Ships inside the linked template — formula-driven, unlocked, audit-ready.
What this does
A weighted average counts some values more than others: each value is multiplied by its weight, the products are summed, and the total is divided by the sum of the weights. SUMPRODUCT does the multiply-and-sum in one step. Dividing by SUM(weights) makes the formula correct even when the weights do not add up to 1 or 100%. The same idea underpins a lot of everyday Excel work, so the few minutes spent getting it right here pay back across every sheet you build afterwards. Treat it as a pattern, not a one-off, and it stops being something you look up and starts being something you reach for. Treat “weighted average calculator excel” as a small repeatable workflow rather than a one-off click you hope to remember next time. Use a small test block before the live file, so any surprise in the affected cells shows up while it is still harmless. When a formula is involved, keep the inputs labelled beside it, reference cells instead of typing values, and apply number formatting only after the result checks out. That turns a calculation you can defend to a CFO or an auditor into a method you can reuse, explain, and defend when the workbook leaves your screen.
A worked example
Grades 90, 80, 70 carry weights 50%, 30%, 20%. =SUMPRODUCT({90;80;70},{0.5;0.3;0.2})/SUM({0.5;0.3;0.2}) returns 83. The unweighted AVERAGE would say 80 — the heavier weight on the 90 pulls the true result up by three points. Course grades, portfolio returns, average purchase prices, survey scores — whenever observations matter unequally, the weighted average is the honest summary number. A practical tip before you scale it up: build it once on a small block of test data, confirm the number against the tool on this page, and only then point it at your real sheet. That one habit catches almost every mistake while it is still cheap to fix, long before a wrong figure reaches a report or a colleague.
In Google Sheets
If you are in Google Sheets rather than Excel, the good news is that the formula shown here is identical and the workflow barely changes — menus sit across the top instead of in a ribbon, and a few function names differ slightly, but anything you build here moves across with little or no rework. Keep this page bookmarked for the next time the same question comes up. Better still, rebuild the example once in your own sheet — doing it yourself, with the tool above to check against, is what turns a copied formula into a technique you own. Treat “weighted average calculator excel” as a small building block rather than a chore. Once the inputs sit in their own cells and the formula reads from them, the same setup answers a dozen related questions with a tweak, and Excel keeps every dependent figure current as the data changes. The tool above is there so you can rehearse and verify before committing anything to a real workbook; the steps and worked example are there so the logic sticks. Get it right once and it stops costing you time — it starts saving it, every time the question comes back around.
Common mistakes
- Using
AVERAGEand silently ignoring the weights. - Skipping the division by
SUM(weights)when weights do not sum to 1. - Misaligned ranges (
A2:A10againstB2:B9) causing#VALUE!. - Blank weight cells counting as zero without anyone noticing the row dropped out.
Frequently asked questions
What is the weighted average formula in Excel?
=SUMPRODUCT(values,weights)/SUM(weights). There is no built-in WEIGHTEDAVERAGE function.
Do the weights have to add up to 100%?
No — the division by SUM(weights) normalizes any positive weights.
How do I do a weighted average in a pivot table?
Add a helper column value×weight, sum both in the pivot, and divide via a calculated field.