Etymology
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evaluation (n.)

1755, "action of appraising or valuing," from French évaluation, noun of action from évaluer "to find the value of," from é- "out" (see ex-) + valuer, from Latin valere "be strong, be well; be of value, be worth" (from PIE root *wal- "to be strong"). Meaning "job performance review" attested by 1947.

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Definitions of evaluation

evaluation (n.)
act of ascertaining or fixing the value or worth of;
Synonyms: rating
evaluation (n.)
an appraisal of the value of something;
Synonyms: valuation / rating
From wordnet.princeton.edu