underestimated

'underestimated'

[undervalue.v.01] as in: assign too low a value to

Examples:
Don't underestimate the value of this heirloom-you may sell it at a good price

'underestimated'

[lowball.v.01] as in: make a deliberately low estimate

Examples:
The construction company wanted the contract badly and lowballed

'underestimated'

[underestimate.v.03] as in: make too low an estimate of

Examples:
he underestimated the work that went into the renovation
Don't underestimate the danger of such a raft trip on this river

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