Identity building can be understood as a fluid process informed by sociocultural aspects and encompassing a strong dimension of othering. Relying on the notion of narrative identity, in this article, we explore the ways in which young people raise and discuss values (human dignity, freedom, solidarity, etc.). To do this, we draw on a set of data collected through deliberative discussions with 378 young people (11 to 20 years old) from four Southern European countries: Portugal, Spain, Italy, and Cyprus. These small group discussions confronted young people about their identification with their country and with Europe. Using thematic and descriptive analysis, we investigate the relationships established by young people with values spontaneously raised by them to build on identity formation. Our results reinforce identity as being constituted in varying forms across the European regions, with relation to values being plural. Yet, there is a strong reference to process values in the four participating countries, such as solidarity and equality, which seem to inform a narrative of an “inclusive Europe”, where community ties matter. Because some level of controversy about values is observed, however, we argue that it could constitute a valuable aspect to inform activities in the field of citizenship education.