We examine relations between identity formation and parent-child value congruence. A total of 267 adolescents reported their own values and the values they perceive their parents to hold, and parents reported their values for their children. We measured identity formation by location in one of the four Marcia (1966) identity statuses (diffusion, foreclosure, moratorium and achievement). Adolescents in the two statuses characterized by exploration, achievement and moratorium, perceived their parents' values more accurately. Adolescents in the two high-commitment statuses, achievement and foreclosure, were more accepting of the values they perceived their parents to hold. The four identity statuses did not differ in level of parent-child value congruence. Implications for the process of value achievement are discussed.