Etymology
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devalue (v.)

"to reduce or annul the value of," 1918, a back-formation from devaluation. The earlier verb was devaluate (1898). Related: Devalued; devaluing.

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Definitions of devalue

devalue (v.)
remove the value from; deprive of its value;
Synonyms: devaluate
devalue (v.)
lower the value or quality of;
The tear devalues the painting
devalue (v.)
lose in value;
Synonyms: depreciate / undervalue / devaluate
From wordnet.princeton.edu