{"id":371,"date":"2025-07-15T13:34:46","date_gmt":"2025-07-15T13:34:46","guid":{"rendered":"https:\/\/functiontranslator.com\/2021\/02\/12\/pricemat\/"},"modified":"2021-02-13T11:36:02","modified_gmt":"2021-02-13T11:36:02","slug":"pricemat","status":"publish","type":"post","link":"https:\/\/functiontranslator.com\/en\/pricemat\/","title":{"rendered":"PRICEMAT"},"content":{"rendered":"

In this article, we explore the PRICEMAT function, a vital tool in Microsoft Excel and Google Sheets for calculating the price per $100 face value of a security that pays periodic interest. It accounts for various factors including settlement dates, maturity dates, basis, and rate of return, making it indispensable for financial modeling and analysis.<\/p>\n

Syntax<\/h2>\n

The PRICEMAT function shares similar syntax across both Excel and Google Sheets:<\/p>\n

=PRICEMAT(settlement, maturity, issue, rate, yld, [basis])<\/code><\/pre>\n
Where:<\/p>\n
    \n
  • settlement:<\/b> The date on which the security is traded to the buyer.<\/li>\n
  • maturity:<\/b> The expiration date of the security.<\/li>\n
  • issue:<\/b> The date the security was issued.<\/li>\n
  • rate:<\/b> The annual coupon rate.<\/li>\n
  • yld:<\/b> The annual yield to maturity.<\/li>\n
  • basis:<\/b> (Optional) The day count convention to be used.<\/li>\n<\/ul>\n
    Examples of Using PRICEMAT Function<\/h2>\n
    Example 1: Calculate the Price of a Security<\/h2>\n
    Consider a security with the following characteristics:<\/p>\n\n\n\n\n\n\n
    Settlement Date<\/th>\n01-Jan-2022<\/th>\n<\/tr>\n
    Maturity Date<\/td>\n01-Jan-2027<\/td>\n<\/tr>\n
    Issue Date<\/td>\n01-Jan-2022<\/td>\n<\/tr>\n
    Coupon Rate<\/td>\n5%<\/td>\n<\/tr>\n
    Yield<\/td>\n4%<\/td>\n<\/tr>\n<\/table>\n
    The formula to calculate the price would be:<\/p>\n
    =PRICEMAT(\"01-Jan-2022\", \"01-Jan-2027\", \"01-Jan-2022\", 0.05, 0.04, 1)<\/code><\/pre>\n
    Example 2: Calculate the Price of a Security with Different Basis<\/h2>\n
    To compute the price using the Basis of actual\/360, you would use the following formula:<\/p>\n
    =PRICEMAT(\"01-Jan-2022\", \"01-Jan-2027\", \"01-Jan-2022\", 0.05, 0.04, 2)<\/code><\/pre>\n
    Altering the basis parameter allows the day count convention to be adjusted according to specific calculation needs.<\/p>\n
    The PRICEMAT function is invaluable for financial professionals, analysts, and anyone engaged in managing fixed-income securities. It streamlines complex pricing calculations and delivers precise outcomes based on the input parameters.<\/p>\n","protected":false},"excerpt":{"rendered":"
    Returns the price per $100 face value of a security that pays interest at maturity<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[],"class_list":["post-371","post","type-post","status-publish","format-standard","hentry","category-financial"],"acf":[],"yoast_head":"\nExcel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax<\/title>\n<meta name=\"description\" content=\"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/functiontranslator.com\/en\/pricemat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax\" \/>\n<meta property=\"og:description\" content=\"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/functiontranslator.com\/en\/pricemat\/\" \/>\n<meta property=\"og:site_name\" content=\"Function Translator\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T13:34:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-13T11:36:02+00:00\" \/>\n<meta name=\"author\" content=\"glavadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"glavadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/functiontranslator.com\/en\/pricemat\/\",\"url\":\"https:\/\/functiontranslator.com\/en\/pricemat\/\",\"name\":\"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax\",\"isPartOf\":{\"@id\":\"https:\/\/functiontranslator.com\/no\/#website\"},\"datePublished\":\"2025-07-15T13:34:46+00:00\",\"dateModified\":\"2021-02-13T11:36:02+00:00\",\"author\":{\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389\"},\"description\":\"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.\",\"breadcrumb\":{\"@id\":\"https:\/\/functiontranslator.com\/en\/pricemat\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/functiontranslator.com\/en\/pricemat\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/functiontranslator.com\/en\/pricemat\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Function Excel\",\"item\":\"https:\/\/functiontranslator.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/functiontranslator.com\/en\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"PRICEMAT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#website\",\"url\":\"https:\/\/functiontranslator.com\/no\/\",\"name\":\"Function Translator\",\"description\":\"Excel function translator\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/functiontranslator.com\/no\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389\",\"name\":\"glavadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g\",\"caption\":\"glavadmin\"},\"sameAs\":[\"https:\/\/functiontranslator.com\"],\"url\":\"https:\/\/functiontranslator.com\/en\/author\/glavadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax","description":"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/functiontranslator.com\/en\/pricemat\/","og_locale":"en_US","og_type":"article","og_title":"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax","og_description":"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.","og_url":"https:\/\/functiontranslator.com\/en\/pricemat\/","og_site_name":"Function Translator","article_published_time":"2025-07-15T13:34:46+00:00","article_modified_time":"2021-02-13T11:36:02+00:00","author":"glavadmin","twitter_card":"summary_large_image","twitter_title":"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax","twitter_misc":{"Written by":"glavadmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/functiontranslator.com\/en\/pricemat\/","url":"https:\/\/functiontranslator.com\/en\/pricemat\/","name":"Excel PRICEMAT Function \u2013 How It Works, Formula Examples and Syntax","isPartOf":{"@id":"https:\/\/functiontranslator.com\/no\/#website"},"datePublished":"2025-07-15T13:34:46+00:00","dateModified":"2021-02-13T11:36:02+00:00","author":{"@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389"},"description":"Learn what the Excel PRICEMAT function does. Clear syntax explanation and useful formula examples.","breadcrumb":{"@id":"https:\/\/functiontranslator.com\/en\/pricemat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/functiontranslator.com\/en\/pricemat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/functiontranslator.com\/en\/pricemat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Function Excel","item":"https:\/\/functiontranslator.com\/en\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/functiontranslator.com\/en\/financial\/"},{"@type":"ListItem","position":3,"name":"PRICEMAT"}]},{"@type":"WebSite","@id":"https:\/\/functiontranslator.com\/no\/#website","url":"https:\/\/functiontranslator.com\/no\/","name":"Function Translator","description":"Excel function translator","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/functiontranslator.com\/no\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389","name":"glavadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g","caption":"glavadmin"},"sameAs":["https:\/\/functiontranslator.com"],"url":"https:\/\/functiontranslator.com\/en\/author\/glavadmin\/"}]}},"_links":{"self":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/comments?post=371"}],"version-history":[{"count":3,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/371\/revisions"}],"predecessor-version":[{"id":3262,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/371\/revisions\/3262"}],"wp:attachment":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/media?parent=371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/categories?post=371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/tags?post=371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}