Values, the principles by which we live, come in all forms, but the value of terminal values —that include happiness and inner peace —is at the core of who we are, and can redirect our fate. What Are Values? The word “value” also has many meanings- each equally valuable: Value: The regard that something is held to deserve, or the importance, worth, or usefulness of something. Something of value has merit or worth. Value: The principles or standards of behaviour based on that