There are many attempts to perceive and represent value creation which spans across disciplines. Modelling gives a detailed insight into the areas of value creation and practical applicability in testing its validity. ArchiMate, an internationally recognised standard language for enterprise architecture modelling, offers a structured approach to represent and analyse value within the context of enterprise architecture. Although being predominantly used as an enterprise language and framework, ArchiMate still faces deficiencies in representing the value aspects. Through a comprehensive review of existing literature, this review identifies key challenges, issues, and opportunities in value modelling practices within ArchiMate. The paper aims to improve the value-centric enterprise modelling practice and contributes to ArchiMate’s value representations.