CAGR calculator

The constant yearly rate that takes a starting value to an ending value: for an investment, a company's revenue or an index.

Starting value

Ending value

Period2.5 for two and a half years

Compound annual growth rate14.8698%A year, compounded

Total changeOver the whole period: 100.0000%

Arithmetic on the figures entered. Not investment advice.

How it is calculated

CAGR = (end ÷ start)^(1 ÷ years) − 1

CAGR uses only the first and the last value and says nothing about the path between them: a series that fell and recovered can have the same CAGR as one that rose steadily. Both values must be positive.

For an investment with money added or taken out along the way, CAGR is the wrong measure; use the XIRR calculator with each flow on its date.