undervaluation vs evaluation

undervaluation and evaluation both are nouns.

Word	Noun	Adjective	Verb	Adverb
undervaluation	Yes	No	No	No
evaluation	Yes	No	No	No

As nouns, evaluation is a hypernym of undervaluation; that is, evaluation is a word with a broader meaning than undervaluation:

Other hypernyms of undervaluation include rating, valuation.

undervaluation (noun)	evaluation (noun)
too low a value or price assigned to something	act of ascertaining or fixing the value or worth of
	an appraisal of the value of something