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I’m working with two separate Excel files saved on Microsoft 365 OneDrive.

To simplify, let’s assume that in file A, I have a series of numeric values ranging from 0 to 5000 located in column V.

My goal is to count how many of these values are equal to 1000.
So, in file B, I use the following formula:

=COUNTIF('[<sharepoint_path>/A.xlsx]Sheet1'!$V:$V,"=1000")

The result of the formula is #VALUE!

I also tried changing the formula criterion to "="&"1000" or "="&1000, but the result remains the same.

Of course, the same formula works perfectly when used directly in file A.

Why is this error happening?

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