Advanced Excel - Bullet Chart

Bullet charts came into existence to overcome the drawbacks of Gauge charts. We can refer to them as Liner Gauge charts. Bullet charts were introduced by Stephen Few. A Bullet chart is used to compare categories easily and saves on space. The format of the Bullet chart is flexible.

What is a Bullet Chart?

According to Stephen Few, Bullet charts support the comparison of a measure to one or more related measures (for example, a target or the same measure at some point in the past, such as a year ago) and relate the measure to defined quantitative ranges that declare its qualitative state (for example, good, satisfactory and poor). Its linear design not only gives it a small footprint, but also supports more efficient reading than the Gauge charts.

Consider an example given below −

In a Bullet chart, you will have the following components −

  • The qualitative bands representing the qualitative states −
Band Qualitative Value
<30% Poor
30% - 60% Fair
60% - 80% Good
> 80% Excellent
  • Target Value, say 80%.
  • Actual Value, say 70%.

With the above values, the Bullet chart looks as shown below.

Bullet Chart

Though we used colors in the above chart, Stephen Few suggests the usage of only Gray shades in the interest of color-blind people.

Advantages of Bullet Charts

Bullet charts have the following uses and advantages −

  • Bullet Charts are widely used by data analysts and dashboard vendors.

  • Bullet charts can be used to compare the performance of a metric. For example, if you want to compare the sales of two years or to compare the total sales to a target, you can use bullet charts.

  • You can use Bullet chart to track the number of defects in Low, Medium and High categories.

  • You can visualize the Revenue flow across the Fiscal year.

  • You can visualize the expenses across the Fiscal year.

  • You can track Profit%.

  • You can visualize customer satisfaction and can be used to display KPIs also.

Preparation of Data

Arrange the data as given below.

Preparing Bullet Chart Data

As you can observe, the qualitative values are given in the column – Performance. The Bands are represented by the column – Value.

Creating a Bullet Chart

Following are the steps to create a Bullet chart −

Step 1 − Select the data and insert a Stacked Column chart.

Create Bullet Chart

Step 2 − Click on the chart.

Step 3 − Click the DESIGN tab on the Ribbon.

Step 4 − Click Switch Row/ Column button in the Data group.

Click Switch Buttons for Bullet Chart

Step 5 − Change the chart type.

  • Click Change Chart Type.
  • Click the Combo icon.
  • Change the chart type for Target to Stacked Line with Markers.
  • Check the box – Secondary Axis for Target and click OK.
Change Chart Type

Step 6 − As you can see, the Primary and the Secondary Vertical Axis have different ranges. Make them equal as follows.

  • Right click on Primary Vertical Axis and select Format Axis.
  • Click on the AXIS OPTIONS tab in the Format Axis pane.
  • In AXIS OPIONS, under Bounds, type the following −
    • 0.0 for Minimum
    • 1.0 for Maximum
  • Repeat the above steps for Secondary Vertical Axis.
Primary and Secondary Vertical Axis

Step 7 − Deselect Secondary Vertical Axis in the Chart Elements.

Deselect Secondary Vertical Axis

Step 8 − Design the chart

  • Click on the chart.
  • Click the DESIGN tab on the Ribbon.
  • Click Change Chart Type.
  • Check the Secondary Axis box for the Value series.
Design Chart

Step 9 − Right click on the column for Value (blue color in the above chart).

Step 10 − Select Format Data Series.

Step 11 − Change Gap Width to 500% under SERIES OPTIONS in Format Data Series pane.

Change Gap Width for Bullet Chart

Step 12 − Deselect Secondary Vertical Axis in the Chart Elements.

The chart will look as follows −

Bullet Chart will Look

Step 13 − Design the chart as follows −

  • Click on the chart.
  • Click Chart Styles at the right corner of the chart.
  • Click the COLOR tab.
  • Select Color 17.
Design Bullet Chart

Step 14 − Fine tune the chart as follows.

  • Right click on the Value column.
  • Change the Fill color to dark green.
  • Click on the Target.
  • Change the Fill and Line color of Marker to orange.
  • Increase the size of the Marker.
Fine Tune Chart

Step 15 − Fine-tune the chart design.

  • Resize the chart.
  • Select Legend in Chart Elements.
  • Deselect Primary Horizontal Axis in Chart Elements.
  • Deselect Gridlines in Chart Elements.
  • Give a Chart Title.
Fine Tune Chart Design

Your Bullet chart is ready.

You can change the color of the chart to gray gradient scale to make it colorblind friendly.

Bullet Chart Ready

Bullet Chart in Reverse Contexts

Suppose you want to display the number of defects found in a Bullet chart. In this case, lesser defects mean greater quality. You can define defect categories as follows −

Bullet Chart in Reverse Contexts

Step 1 − You can then define a Limit for number of defects and represent the number of defects found by a Value. Add Value and Limit to the above table.

Add Value and Limit

Step 2 − Select the data.

Step 3 − Create a Bullet chart as you have learnt in the previous section.

Bullet Chart Ranges Changed

As you can see, the ranges are changed to correctly interpret the context.