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The phrase "a gross underestimate" is correct and usable in written English
It can be used when discussing a situation where the estimated value or amount is significantly lower than the actual value or amount. Example: "The report revealed that the initial budget was a gross underestimate of the project's true costs."
Exact(60)
This later transpired to be a gross underestimate.
Even that figure may be a gross underestimate.
"But given the shame and secrecy, this figure is likely to be a gross underestimate".
But those figures are regarded by many, including Russian soldiers, to be a gross underestimate.
Connolly feels that this could be a gross underestimate of the total.
Yet the Pacific Research Institute (PRI), a conservative think-tank, thinks it a gross underestimate.
(Most authorities argue that this figure is likely a gross underestimate).
There are about 4,000 known species, but this is almost certainly a gross underestimate of the actual number.
But multiplying 34 by 2,500, using the parade formula, yields just 85,000 people, clearly a gross underestimate.
The design was still far from complete, and just about everyone knew that the figure was a gross underestimate.
Although burn and smoke inhalation in 2002 were documented as being responsible for over 322,000 deaths worldwide, this figure is most likely a gross underestimate.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com