In ethics, value is a property of objects, including physical objects as well as abstract objects (e.g. actions), representing their degree of importance.

Ethic value denotes something's degree of importance, with the aim of determining what action or life is best to do or live (Deontology), or at least attempt to describe the value of different actions (Axiology). It may be described as treating actions themselves as abstract objects, putting value to them. It deals with right conduct and good life, in the sense that a highly, or at least relatively highly, valuable action may be regarded as ethically "good" (adjective sense), and an action of low, or at least relatively low, value may be regarded as "bad".

What makes an action valuable may in turn depend on the ethic values of the objects it increases, decreases or alters. An object with "ethic value" may be termed an "ethic or philosophic good" (noun sense).

Ethical value is sometimes used synonymously with goodness. However, goodness has many other meanings as well, and may be regarded as more ambiguous.