To calculate the average value of a square waveform, the formula involves the area divided by the period T0. The specific calculation presented is 1/T0 multiplied by the area, which is derived from the difference between the two values provided (beta and alpha). It is emphasized that clarity in mathematical expressions is crucial, especially when using brackets. The average area calculation requires summing the individual rectangular areas of the waveform. Understanding these components is essential for accurately determining the average value.