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Definition of underestimate:

  1. The act of underestimating; too low an estimate.
  2. To set to low a value on; to estimate below the truth.

Synonyms:

come short of, set at naught, make light of, carp at, disparage, miscarry, devaluate, do scant justice to, lower, minimize, think too little of, disesteem, underestimation, slight, derogate from, misprize, deprecate, put down, decry, underreckoning, underrating, lowball, undervalue, hold too lightly, discredit, detract from, dishonor, underrate.

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