Usually means: Assigns too low a value.
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We found 10 dictionaries that define the word underestimates:

General (9 matching dictionaries)
  1. underestimates: Merriam-Webster
  2. underestimates: Collins English Dictionary
  3. underestimates: Vocabulary.com
  4. Underestimates, underestimates: Wordnik
  5. underestimates: Cambridge Advanced Learner's Dictionary
  6. underestimates: Wiktionary
  7. underestimates: Dictionary.com
  8. underestimates: Cambridge Essential American English Dictionary
  9. underestimates: TheFreeDictionary.com

Business (1 matching dictionary)
  1. underestimates: Legal dictionary

(Note: See underestimate as well.)

Definitions from Wiktionary (underestimate)

verb:  (transitive) To estimate too low; to perceive (someone or something) as having a lower value, quantity, worth, etc., than what he/she/it actually has.
verb:  (transitive) To perceive or expect (someone or something) to be less significant or difficult than it actually is.
noun:  An estimate that is too low.
▸ Also see underestimate


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