A tree's 'value' depends on several factors including its species ,size, form, condition ,quality, function , and accessibility, and depends on the management goals for a given forest.
The same tree can be valued very differently by each person who looks at it.
A large, straight black cherry tree has high value as timber to be cut into logs or made into furniture, but for a landowner more interested in wildlife habitat , the real value of that stem (or trunk ) may be the food it provides to animals.
Likewise, if the tree suffers from black knot disease, its value for timber decreases, but to a woodworker interested in making bowls, it brings an opportunity for a unique and beautiful piece of art.