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.