Values are considered a set of common beliefs held by a person or group that have an emotional component and help people decide what is right and wrong. On the other hand, morals are generally accepted on a large scale by entire societies, and classify behavior and action into the broad categories of "good" and "bad." Like values, morals are typically expressed verbally and set standards for acceptable behavior.
In addition to values and morals, ethics exist as a third category governing acceptable behavior. Ethics typically concern professional behavior and exist as written document, while values or morals may be expressed verbally and do not have legal merit.