The main purpose of this paper is to investigate the variety of value describing words and interrelation of value categories in the Estonian language. To accomplish this aim, a psycholexical approach was adopted, during which a set of 560 value‐related words was selected from the Estonian Orthological Dictionary and the results were compared with the Schwartz Values Survey (SVS). When principal‐component analysis was applied on the self‐ratings of a reduced list of 78 value‐related words, six factors emerged and were labelled as benevolence, self‐enhancement, broadmindedness, hedonism, conservatism, and self‐realization. However, all these themes are interrelated and load on a singular secondary dimension. The constructs measured by SVS and the value categories in Estonian were only partially interchangeable; moderate correlations imply an imperfect correspondence: each theme was related to many categories on the other questionnaire. However, a significant general structure refers to the same two‐dimensional level of higher‐order values described by Schwartz in 1992. Copyright © 2002 John Wiley & Sons, Ltd.
