The phrase "equal value" means that two things hold the same worth or importance. They are considered to be of the same level of significance or value. Full definition
Employers are required to pay female and male employees the same if they perform work of equal value in the same establishment, even if they do entirely different jobs. (labourandemploymentlaw.com)
A replacement value reimbursement is a pay out based on how much it would cost you to purchase the same item or one of equal value in today's market. (rentersinsurance.net)
But not all provide equal value for credit scoring. (fico.com)