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They are constants, because they do not change. If you type a value into a cell that value cannot change until something else is typed in. If you type a formula in, the formula will display a result. The result it shows can change when other things change in the worksheet. Any text or values typed directly into a formula won't change, but if cell references are used in the formulas then the values in those cells can change. For example, the formula =10+5 will always give 15 because 10 and 5 are constants, but the formula =A2+A3 can give a different result depending on what is in the cells A2 and A3.

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Q: Why are text numbers considered constant values in Excel?
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