A constant is not truly a component at all. Rather, it is a number value entered into the formula bar.

An entire measure can be a constant, or you can simply type numbers into a formula.

Example constant within a formula:

Example constant measure:

<aside> 👉 Be careful with constants in measures. It can be difficult to figure out where the operating value was derived in some cases. It is best practice to put additional information in the measure description. IE: 30 is the company standard value for XYZ

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A constant measure example

For instance, Cap rate is often a known value, not dependent on model data.

In that case, we would delete all components from the measure:

Then, enter the cap rate value into the formula box:

This measure is now referenceable as a Measure Component in other Measures