This research aimed to compare the value priorities among adolescents with deafness and their counterparts and to investigate differences in value system among adolescents on the basis of gender and student's ability to hear, i.e. deaf and hearing. The study followed a cross-sectional survey research design. Portrait Value Questionnaire (PVQ) was used to explore the value system. The pilot test revealed 0.87 reliability of the instrument. One hundred and eighty-seven adolescents were surveyed through PVQ. The results revealed that deaf adolescents considered self-direction, achievement and power as more important values than their hearing peers. Analysis of the effect of gender revealed that overall females give more importance to achievement, while males attach more value to universalism. It was concluded that there is a difference among value systems of deaf and hearing adolescents and also on the basis of gender.