The word 'valued' is the past tense of the verb to value.The word value is both a verb and a noun.The noun 'value' (values) is an abstract noun as a word for the amount that something is worth compared to the money that it costs; the degree to which someone or something is important or useful; a word for a concept.The plural noun 'values' is also an abstract, uncountable noun as a word for the principles and beliefs that influence the behavior and way of life of a person or a particular group.The word 'valued' also functions as an adjective.