The aim of the study is to explore the relation between values and happiness of the university students in the Context of Postmodernity. The research is a descriptive study in the screening model. The study was carried out with 376 students from the faculties of Physical Education and Sports, Education, Science and Letters, Business, Theology, Engineering, Forestry and Agriculture at Kahramanmaras Sutcu Imam University during the spring semester of 2016-2017 academic year. They were selected by convenience sampling method. "Personal Information Form" and "Values Scale", the original of which was created by Calp developed by the researcher and the "Oxford Happiness Scale" developed by Dogan and Sapmaz were used as data collection tools. The research data were analyzed the descriptive and correlational statistics technique in terms of SPSS. The university students' values were found to be very high while their happiness levels were above the average; a positive and medium level relationship was identified between participants' values and happiness levels. Female students were found to have higher levels of values and happiness than male students. Students studying in the faculty of theology were determined to have the highest level of value and happiness.