Etymology
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undervalue (v.)

1590s, "to rate as inferior in value" (to), from under + value (v.). Sense of "to estimate or esteem too low" is recorded from 1610s. Meaning "to rate at too low a monetary value" is attested from 1620s. Related: Undervalued; undervaluing.

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Definitions of undervalue

undervalue (v.)
assign too low a value to;
Synonyms: underestimate
undervalue (v.)
esteem lightly;
undervalue (v.)
lose in value;
Synonyms: depreciate / devaluate / devalue
From wordnet.princeton.edu