Compact mode

PMT vs MAXIFS vs AVERAGEIFS

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis

MAXIFS

Mathematical

MAXIFS belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

AVERAGEIFS

Statistical

AVERAGEIFS belongs to the Statistical category. Excel functions for statistical analysis and calculations
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

Target user groups who would benefit most from using this Excel function

For all*

Financial Professionals

Excel functions essential for financial analysis and planning

PMT

Accountants

PMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.

MAXIFS

Data Analysts

MAXIFS is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.

AVERAGEIFS

Data Analysts

AVERAGEIFS is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

PMT

Financial Calculations

PMT is used for Financial Calculations. Excel functions designed for financial analysis and monetary calculations Click to see all.

MAXIFS

Data Analysis

MAXIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

AVERAGEIFS

Data Analysis

AVERAGEIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

Statistical Analysis

AVERAGEIFS is used for Statistical Analysis. Excel functions designed for statistical calculations and data analysis Click to see all.

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

MAXIFS

Multiple Criteria Max

MAXIFS is known for Multiple Criteria Max.

AVERAGEIFS

Multiple Criteria Based Average

AVERAGEIFS is known for Multiple Criteria Based Average.

History Comparison

Creation Date 📅

Original release date of the Excel function

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

MAXIFS

Excel 2016

MAXIFS was created in Excel 2016. Functions that came with Excel 2016 version Click to see all.

AVERAGEIFS

Excel 2007

AVERAGEIFS was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

PMT

Most used function in banking industry

MAXIFS

Can handle up to 127 criteria pairs

AVERAGEIFS

Can Handle Up To 127 Criteria Pairs
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

MAXIFS

Like finding the tallest person who likes both pizza and sushi

AVERAGEIFS

Makes Simple Averages Feel Inadequate

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

For all*

Intermediate

Excel functions with moderate complexity for various tasks

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

For all*

Number

Excel functions specifically designed for numerical calculations

MAXIFS

Array

MAXIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

AVERAGEIFS

Array

AVERAGEIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

Range

AVERAGEIFS accepts Range as input data. Excel functions that operate on cell ranges and data sets
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

PMT

Excel 2019

PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version

Excel 2016

PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version

Excel 2013

PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

MAXIFS

Excel 2016

MAXIFS is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version

Microsoft 365

MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

AVERAGEIFS

Excel 2007

AVERAGEIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

For all*

Windows

Excel functions optimized for Windows operating system

MacOS

Excel functions optimized for MacOS users

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions

AVERAGEIFS

Web Excel

AVERAGEIFS runs on Web Excel Excel functions available in web-based versions

Excel Online

AVERAGEIFS runs on Excel Online Excel functions available in the online version of Excel
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

PMT

3

PMT needs 3 required arguments Click to see all.

MAXIFS

3

MAXIFS needs 3 required arguments Click to see all.

AVERAGEIFS

2

AVERAGEIFS needs 2 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs

Number

Excel functions that perform calculations specifically with numerical inputs

Number

Excel functions that perform calculations specifically with numerical inputs

MAXIFS

Range

MAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations

Text

MAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing

AVERAGEIFS

Array

AVERAGEIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations

Range

AVERAGEIFS accepts Range as input types Excel functions that operate on cell ranges for calculations

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability

Reliable

MAXIFS

Multiple Condition Support

Array Handling

Functions that efficiently process arrays and ranges of data

Efficient Processing

AVERAGEIFS

Flexible Criteria Selection

Multiple Condition Support

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering

Flexible Range Selection

Functions that enable selecting dynamic ranges and cell references flexibly

Easy To Use With Multiple Criteria

Functions that handle multiple conditions efficiently

Versatile For Complex Analysis
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

MAXIFS

Requires Sorted Data

Limited To Numbers

Functions that can only process numerical values and cannot handle text or dates Click to see all.

AVERAGEIFS

Complex Syntax

Limited Data Type Support

Functions that work with only specific data types, restricting versatility Click to see all.

Can Be Slow With Large Datasets

Functions that process large amounts of data may significantly impact spreadsheet performance Click to see all.

Limited To Numeric Values Only

Limited To Numerical Data Only

Requires Careful Range Selection