From Longman Business Dictionaryundervaluedun‧der‧val‧ued /ˌʌndəˈvæljuːd-ər-/ verb [transitive] FINANCE if someone describes a currency, shares etc as undervalued, they think that its value is lower than it should beShare prices remain relatively undervalued.undervalued againstThe dollar is significantly undervalued against European currencies.
