For "valves" there would be a stray underscore "_" on the right bottom corner of the second "v". To me it clearly is "values".

Values vs. Valves:

  figlet -f small Values vs. Valves

  __   __    _                         __   __    _            
  \ \ / /_ _| |_  _ ___ ___ __ _____   \ \ / /_ _| |_ _____ ___
   \ V / _` | | || / -_|_-< \ V (_-<_   \ V / _` | \ V / -_|_-<
    \_/\__,_|_|\_,_\___/__/  \_//__(_)   \_/\__,_|_|\_/\___/__/