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'elevate the valuation' is correct and can be used in written English.
This phrase can be used to convey the idea of increasing the worth of something. For example: The company's new product launch was expected to elevate the valuation of the company's stock.
Exact(1)
This obviously helps to elevate the valuation of stocks and depress the price of bonds.
Similar(59)
"She will elevate the conversation".
Longer-term, it remains to be seen if this business transformation will elevate the company to the higher ranks of analog, mixed-signal chip makers, a rarefied group which has traditionally carried the highest of valuations.
They elevate the discourse.
And, elevate the weak.
Elevate the injured ankle.
Elevate the injured area.
Elevate the arm.
Elevate the injured muscles.
If possible, elevate the legs.
Stock valuations are already elevated, the firm says, and while that may not be an immediate problem, it implies that some excesses will need to be wrung out of the market down the road.
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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