#REF!

a formula points at a cell that no longer exists.

what it means

The reference itself is gone — the row, column or sheet it addressed was deleted. Unlike a wrong value, the formula text is now permanently broken and must be repointed.

common causes

  • deleting a row, column or worksheet a formula referenced
  • a lookup asked for a column index outside the given range
  • cutting and pasting over cells another formula depended on

how to fix it

  • undo the delete, then move the formula or its data first
  • repoint the reference at the surviving cells
  • in deepcalc, read the journal diff to see exactly which structural edit broke it — every rewrite is recorded as an op

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