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Excel might also show the #NUM! error when: 1  A formula uses a function that iterates, such as IRR or RATE, and it canât find a result. To fix this, change the number of times Excel iterates formulas: Click File > Options. 2  A formula results in a number thatâs too large or too small to be shown in Excel.
This is number error that you see when your formula returns a value bigger than what excel can represent. You will also get this error if you are using iterative functions like IRR and the function cannot find any result. For eg. the formula =4389^7E+37 returns a #NUM! error.