Longman Dictionary of Contemporary English homepage

undervalue

 verb
     
un‧der‧val‧ue [transitive]
to think that someone or something is less important or valuable than they really are:
Society undervalues staying home and looking after children.
Analysts claim that the firm's assets were undervalued by £300 million.
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.
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