单词	overvalue
释义	overvalue /əʊvəˈvaljuː / verb (overvalues, overvaluing, overvalued) [with object] 1Overestimate the importance of: intelligence can be overvalued... Maybe I overvalued the importance of Internet life, but I like the pleasure of browsing the Internet on my own. The narrator has overvalued the importance of this tiny insect. Because in our culture we overvalue the intellect, we imagine that to become enlightened demands extraordinary intelligence. 1.1Fix the value of (something, especially a currency) at too high a level: sterling was overvalued against the dollar... The main reason for this is that by artificially undervaluing its own currency, and therefore overvaluing the dollar, China artificially stimulates its manufacturing exports. True, the dollar is undoubtedly overvalued against the euro. He painted an acute picture of how many entrepreneurs overvalue their businesses. Derivatives overvaluation noun ... Countries followed imprudent policies that favored monopolistic crony capitalists, inflation that magnified poverty and currency overvaluation. The house price-earnings ratio is at least 30% above its long-run average, too big an overvaluation to be worked off gradually. There can be overvaluation of specific shares.
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