Despite a strong link between values and well-being, little is known about dimensions moderating this link, e.g., whether individuals who act upon their values experience greater well-being for healthy values (e.g., self-transcendence) and lower well-being for unhealthy values (e.g., self-enhancement). Moreover, research on values and value-related behavior has rarely accounted for hedonic and eudaimonic well-being at the same time. Thus, we aimed to examine how values, value-related behaviors, and their interaction relate to hedonic and eudaimonic well-being. We expected that ‘healthy’ values would correspond with higher well-being and unhealthy values with lower well-being. A community sample representative of young adults (N = 1161) reported their values, value-related behavior, and well-being. We found that for most values, behavior was an additional independent predictor of well-being related either to even more (e.g., self-transcendence) or less (e.g., self-enhancement) positive outcomes. For some values, behavior moderated the link between beliefs and well-being by boosting (self-transcendence) or suppressing it (conservation). We also found different links between hedonic versus eudaimonic well-being, e.g., self-enhancement and openness to change. This study presents the importance of asking about value-related beliefs, behaviors, their congruence, and specific facets of well-being when analyzing the value and well-being link. We conclude that some values are best for well-being when they remain passive, with little accompanying behaviors (self-enhancement or conservation), whereas others provide more benefits when individuals act upon them (self-transcendence).