The principal ontological category in Saussure's social-semiological metatheory is that of value. The values which emanate from the system of differences in langue are a system of contextualizing relations, i.e., syntagmatic and associative relations. The value-producing relations which are internal to the organizations of language are the means through which meanings are constructed. Value is, therefore, a meaning-making potential which is expressed in the relations of differences which hold among all the terms in the language system. Saussure expounds linguistic value mainly based on differences among elements within a system they belong to in general terms. From the perspectives of Componential Analysis and the experiential function in Functional Grammar, the present paper, however, reconsiders linguistic value with an emphasis on the relative invariability, dynamic nature of value and the way in which value works in parole in an attempt to enrich and develop Saussure's theory of linguistic value.