The main purpose of this paper is to test to what extent the Schwartz Values Survey (SVS) is generalizable to languages other than English. To accomplish this aim, a psycholexical approach was adopted during which a set of 560 value-related words was selected from the Estonian Orthological Dictionary. When principal-component analysis was applied on the self-ratings of a reduced list of 121 value-related words, six factors emerged labeled as Competence, Excitement, Inner Harmony, Warm Relationships, Self-Realization, and Stability. The comparison with the ten SVS motivational types revealed a remarkable discrepancy between these two, the imposed etic and emic, value structures. There was a culture-specific value - Stability - which has no equivalent meaning in SVS. At the same time, two values of SVS - Tradition and Security - were clearly underrepresented in the Estonian language. These results provide only weak support to the cross-cultural generalizability of the SVS.