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How-to guide

How to Calculate CAGR: Formula, Steps & Examples

Learn how to calculate CAGR — the formula explained step by step, with worked examples and a free calculator to check your answer.

By Aarav Mehta, CFA, MBA Finance · Updated Jun 2026 · 2 min read

Calculating your CAGR is straightforward once you know the CAGR formula and what each input means. This guide explains the method in plain language, walks through a manual calculation, and gives worked examples you can follow — then you can do it instantly with the CAGR Calculator.

What is CAGR?

Find the compound annual growth rate between two values over time. The figure you are solving for here is the CAGR, expressed in percent.

The CAGR formula

This calculation combines several inputs through a multi-step method rather than a single one-line formula. Enter the values below and the calculator resolves each step in order. The inputs it needs are:

  • Initial value — a money amount. Example: ₹1,00,000.
  • Final value — a money amount. Example: ₹2,00,000.
  • Start date — a calendar date. Example: 2019-06-01.
  • End date — a calendar date. Example: 2024-06-01.

How to calculate it step by step

  • Write down the initial value (for example, ₹1,00,000).
  • Write down the final value (for example, ₹2,00,000).
  • Note the start date (for example, 2019-06-01).
  • Note the end date (for example, 2024-06-01).
  • Apply the formula above to get your CAGR.
  • Double-check the result with the CAGR Calculator.

Worked examples

Example 1

Input / OutputValue
Initial value₹1,00,000
Final value₹2,00,000
Start date2019-06-01
End date2024-06-01
Duration5 years
CAGR14.86%
Absolute return100.00%

With initial value of ₹1,00,000, final value of ₹2,00,000, start date of 2019-06-01 and end date of 2024-06-01, the CAGR works out to 14.86%.

Example 2

With initial value of ₹2,00,000, final value of ₹2,00,000, start date of 2019-06-01 and end date of 2024-06-01, the CAGR works out to 0.00%.

ResultValue
Duration5 years
CAGR0.00%
Absolute return0.00%

Example 3

With initial value of ₹50,000, final value of ₹2,00,000, start date of 2019-06-01 and end date of 2024-06-01, the CAGR works out to 31.94%.

ResultValue
Duration5 years
CAGR31.94%
Absolute return300.00%

Tips for an accurate result

  • Keep your units consistent — mixing, say, months with years or grams with kilograms is the most common source of error.
  • Round only at the very end. Rounding inputs early can shift the final answer noticeably.
  • Re-run the numbers whenever an input changes, rather than estimating from an old result.
  • Annual rates must be converted to the period you are calculating for (for example, divide an annual rate by 12 for a monthly figure).

Prefer not to do the maths by hand? — the CAGR Calculator does it instantly, for free, with the formula and a worked example built in.

Continue exploring finance calculators with these tools: SIP Calculator, EMI Calculator, FD Calculator, Effective Annual Rate (EAR) Calculator, RD Calculator.

Calculators in this guide

Frequently asked questions

Gather each input, apply the formula step by step keeping your units consistent, and round only at the end. You can verify your answer instantly with the CAGR Calculator.

It uses the standard formula with exact arithmetic, so the result is correct for the inputs you enter. Bear in mind that real-world outcomes can still differ when underlying assumptions change.

The CAGR is expressed in percent. Make sure your inputs use matching units so the result is correct.

CAGR Table: Duration by Initial value

Reference table of duration for CAGR across a range of initial value values — exact, engine-computed figures you can read off at a glance.

1 min read

Aarav Mehta · CFA, MBA Finance

Aarav reviews every finance formula on CalcHub for accuracy.