an estimated value

USAGE SUMMARY

The phrase "an estimated value" is correct and usable in written English.
It can be used when referring to a value that is not exact but is based on calculations or approximations. Example: "The project is expected to cost an estimated value of $500,000."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

55 human-written examples

The paintings have an estimated value of tens of millions of dollars, if sold at auction.

The Guardian - Arts

The contract will run for five years and have an estimated value of £3m.

The Guardian

The items had an estimated value of more than $1 million.

The New York Times

Since Barneys emerged from bankruptcy with an estimated value of $240 million, the market valuations of public retailers have collapsed.

The New York Times

The works would have an estimated value of tens of millions of pounds if they were sold at auction.

The Guardian - Arts

The stolen tires and rims usually have an estimated value of $3,000 to $5,000, he said.

The New York Times

The stolen works have an estimated value of tens of millions of dollars if they were sold at auction.

The Guardian - Arts

Pharmaceutical company Renovo plans to list on the stock market with an estimated value of up to 139 million pounds.

The New York Times

The items were auctioned through Sotheby's with an estimated value of over £500,000.

Independent

His total compensation was $14 million in 2003, including 500,000 options with an estimated value of $3.53 million.

The New York Times

Facebook, the biggest social network of all, may go public in 2012 and now has an estimated value of $60bn.

The Guardian - Business

Expert writing Tips

Best practice

Avoid using "an estimated value" when precise figures are available. Opt for exact numbers to enhance accuracy and trustworthiness.

Common error

Do not present "an estimated value" as a definitive fact. Clearly communicate that it is an approximation subject to change or error.

Linguistic Context

The phrase "an estimated value" functions as a noun phrase, where "estimated" acts as an adjective modifying the noun "value". As Ludwig AI confirms, it indicates a calculated or approximated worth.

Expression frequency: Very common

Frequent in

News & Media

50%

Science

25%

Formal & Business

15%

Less common in

Wiki

5%

Academia

3%

Reference

2%

Ludwig's WRAP-UP

In summary, "an estimated value" is a commonly used phrase to describe an approximate worth or cost. According to Ludwig AI, it is grammatically correct and suitable for diverse contexts. The phrase functions as a noun phrase and serves the purpose of providing an approximate valuation. It's important to remember, according to the writing guidance, not to present "an estimated value" as a definitive fact. Instead, ensure the estimation's basis is clear. Common alternatives include "a projected value" and "an approximate value". The phrase is frequently encountered in News & Media, Science, and Formal & Business contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

an approximate value

Replaces "estimated" with "approximate", suggesting a less precise calculation.

a projected value

Changes the estimation to a projection, implying a forecast based on current trends.

an assessed value

Focuses on the evaluation process, suggesting a formal assessment of the value.

a tentative valuation

Highlights the preliminary nature of the valuation, subject to change.

a predicted value

Similar to projected but may imply stronger predictive modeling.

a calculated value

Emphasizes that the value was determined through calculation, although still potentially inexact.

an expected value

Shifts the focus to what is anticipated rather than what is currently approximated.

a rough estimate

Indicates a very preliminary and possibly inaccurate valuation.

a perceived value

Indicates the value is based on subjective perception rather than objective calculation.

a ballpark figure

Suggests an informal and general approximation of the value.

FAQs

How can I use "an estimated value" in a sentence?

You can use "an estimated value" to describe the approximate worth or cost of something, like in "The painting has "an estimated value" of $1 million".

What are some alternatives to "an estimated value"?

Alternatives include "a projected value", "an approximate value", or "a calculated value", depending on the context.

Is it better to say "estimated value" or "exact value" when discussing finances?

Use "estimated value" when the figure is an approximation. Use "exact value" when the precise figure is known and available.

What does it mean when something has "an estimated value"?

It means that the worth or cost is not precisely known but has been approximated based on available information or calculations.