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The phrase "affect the values of" is correct and usable in written English.
It can be used when discussing how one factor influences or changes the values or principles of another entity or system.
Example: "Economic policies can significantly affect the values of a society, shaping its priorities and beliefs."
Alternatives: "influence the values of" or "impact the values of".
Exact(28)
Mr. Kraman said he did not expect Mercury's demise to affect the values of older models.
"We're probably not going to be particularly happy," said Leo Mindick, the president of the civic association in Harbor Hills, on the Great Neck peninsula .I think higher taxes could affect the values of our homes".
Real estate agents say they have also heard of co-op boards that rejected applications because they believed the sale price was too low and would adversely affect the values of other apartments in the building.
In 1909, a committee created by Gov. Charles Evans Hughes of New York to study stock market abuses similarly commented that floor traders "acquire early information concerning the changes which affect the values of securities," giving them "special advantages" over other traders.
There are also several sources of uncertainty in natural systems, which affect the values of the parameters used in the analysis; this is discussed below.
This is because the location of hydrogens, bond orders, and formal charges affect the values of atomic and molecular descriptors upon which the models are based.
Similar(32)
Changes in interest rates drastically affect the value of mortgages.
It is not clear how the mortgage would affect the value of the sale.
Mr. Claman said the 33-percent rule "definitely would affect the value of the property that the archdiocese has".
How popular is the site? 3. Write a journal entry that answers the following question: "How does the accelerating advance of technology affect the value of technological devices?
Several confusing charges will be abolished, and there will be more information about how charges affect the value of the investment over the length of the policy.
More suggestions(16)
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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