The article gives a historiographical overview of the research on transformation of the Russian people’s values. It deals with the concept of “socio-cultural transformation” as the basis for the process of transformation of values in the society. The article also considers the concept of “value” presented in classical works in order to thoroughly cover the historiography of the issue of transformations of values. The issue of axiological transformation was regarded by the scholars at the intersection of or from the point of view of such fields of scientific knowledge as philosophy, history, economics, political science, sociology, psychology, cultural studies, etc. The overview focuses not on the works that analyze the values themselves, but on the research that is based on the issues and phenomena that reflect the moment, premise or cause of a social value transition, movement, revaluation, paradigm shift, formation, etc. The research overview also gives a complete picture of research on the transformation of the Russian people’s values and shows some dynamics in the development of values in modern Russian society.