To do Alt + M B on Mac in Excel, download and install Accelerator Keys, then press Option, followed by M, B.
Command: Calculate Now
This is how to do Alt + M B on Mac in Excel with Accelerator Keys, the native ribbon and alt key shortcut solution for Mac users who get more done with Excel.
Alt + M B calculate Now recalculates all formulas in all open workbooks. Use this when calculation is set to manual and you want to update all results.