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The phrase "an overstatement of" is correct and usable in written English.
It can be used when discussing a situation where something is exaggerated or presented as more significant than it actually is.
Example: "The report was criticized for being an overstatement of the actual risks involved in the project."
Alternatives: "an exaggeration of" or "a distortion of".
Exact(38)
That is an overstatement, of course.
The consequence, she says, is an overstatement of black progress in education, employment, wages and voting participation.
Although the sharp drop in March housing starts was greater than expected, Mr. Fine believes it was also, in all likelihood, an overstatement of any softness in housing.
No. 10, outfits made entirely of plastic bags, seen one morning at 8 45 on East 57th Street, seemed an overstatement of the new reality.
The move is said to have resulted in an overstatement of net income by at least 47 percent and as much as 1,163 percent.
(The S.E.C. suit calculated an overstatement of more than $700 million, less than that listed by prosecutors, because the regulators examined activity in a slightly different period).
Similar(21)
Or, it might be an extreme overstatement of a small concession.
The great Oscar Robertson has often complained that the 21st-century player knows only how to play in the air, an overstatement borne of some truth.
This led to a £263m overstatement of profits and an investigation by the Serious Fraud Office.
That is an absurd overstatement, of course, since no one is shooting back or planting roadside bombs intended for them.
They argue that the calculation methods suggested by regulators in the rule could lead to an "extraordinary overstatement of exposures".
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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