PHI Function

Excel Functions › Statistical

Excel 2013+ Statistical

The Excel PHI function returns the value of the standard normal probability density function (the bell curve's height) at a given z-value.


Quick answer:
=PHI(0.5) density at z=0.5 ≈ 0.3521

Syntax

=PHI(x)
ArgumentDescription
xRequiredThe z-value (number of standard deviations from the mean) at which to evaluate the standard normal density.

How to use it

PHI gives the height of the standard normal curve at a point x — not a probability, but the density. It evaluates φ(x) = e-x²/2 / √(2π).

=PHI(0) // peak of the curve ≈ 0.3989
=PHI(0.5) // ≈ 0.3521

The density is highest at the mean (x=0) and is symmetric, so PHI(-1) equals PHI(1). PHI is identical to NORM.DIST(x,0,1,FALSE) — the standard normal density without the cumulative flag.

Density, not probability. PHI returns the curve's height, which can exceed common intuition about “probabilities” only in that it is never itself a probability. For the area under the curve (an actual probability) use NORM.S.DIST or GAUSS.

Try it: interactive demo

Live demo

Pick a PHI example to see the formula and its result.

Result:

Practice workbook

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Frequently asked questions

What does PHI actually return?
The height of the standard normal probability density function at x — the value e-x²/2/√(2π). It is a density, not a probability.
Is PHI the same as NORM.DIST?
PHI(x) equals NORM.DIST(x,0,1,FALSE) — the standard normal density. For a general mean and standard deviation, or for cumulative probabilities, use NORM.DIST directly.
What is the maximum value PHI can return?
Its peak is at x=0, where PHI(0) ≈ 0.3989 (which is 1/√(2π)). The density falls off symmetrically on both sides.
How is PHI related to GAUSS?
PHI gives the density (curve height); GAUSS gives the area between the mean and x (a probability). Both were added in Excel 2013 to round out the standard normal toolkit.

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Related functions: GAUSS · NORM.S.DIST · NORM.DIST · NORM.S.INV · STANDARDIZE