The best way to size CPU for your ESX environment is to use a tool like Capacity Planner however you can use the data you have collected - you are right do not use peaks because you will befinitely oversize your environment - peaks should only be used if you are seeing all 24 hosts are peaking at the same time but if they are distributed during different times you should be okay to use the average cpu utiliztion multiplied by the respective clock cycles (MHz) to get an estimate of what you would need -
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I know that, but maybe there is some formula to include peaks and averages to get the more accurate value ?
Lanamark Suite normalizes CPU workloads between source and target processor architectures. It also allows you to come up with optimal VM placement on VMware hosts to minimize processor contention, maximize performance and avoid unnecessary migrations.
Please find the attached sheet for capacity planning
CPU Load Calculations
Memory load calculations
Disk allocation settings
Able to configure for multiple hosts
Provides a easy to read output
created by ( bckirsch) refer :http://communities.vmware.com/docs/DOC-11488