Characteristics of a new compact valve design for steam turbines are analysed by measuring pressure losses and oscillations on the valve model. It is the model of an intercept valve of the intermediate-pressure turbine part. This valve is relatively smaller hence cheaper than usual control and intercept valves. Besides, four different valve seat angles were tested in order to investigate the valve seat angle influence. In order to further clarify measured phenomena, the wide range of numerical simulations were also carried out. Measurements were performed in the Aerodynamic laboratory of the Institute of Thermomechanics of the Czech Academy of Sciences in an air test rig installed in a modular aerodynamic tunnel. Numerical simulations were performed in the Doosan Skoda Power Company using a package of ANSYS software tools. Measurement results are compared with numerical and generalized in the form of valve characteristics and pressure oscillation maps. As a result of the pressure loss analysis, pressure losses in similar valve assemblies can be predicted with required accuracy for each new turbine where modern compact valves are used. As a result of the pressure oscillation analysis, operating conditions at which dangerous flow instabilities can occur were identified. Thanks to this, the areas of safe and dangerous operating conditions can be predicted so that the operational reliability of the valve can be guaranteed.