underrating

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un·der·rate

(ŭn′dər-rāt′)

tr.v. un·der·rat·ed, un·der·rat·ing, un·der·rates

To rate too low; underestimate.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

underrating - an estimation that is too low; an estimate that is less than the true or actual value

underestimate, underestimation, underreckoning

approximation, estimate, estimation, idea - an approximate calculation of quantity or degree or worth; "an estimate of what it would cost"; "a rough idea how long it would take"

References in classic literature ?

She was too useful for him to permit himself to be influenced by questions of beauty into underrating her value, and he was a respectable husband, if not a kind one.

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His judgment was not warped by latent female jealousies, and he avoided the error into which the housekeeper had fallen, self-deluded -- the error of underrating the impression on Noel Vanstone that Magdalen had produced.

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So our ambassador's to Cyprus being a small cog in a big wheel shouldn't be interpreted as his underrating your intelligence.