In the Anglo Saxon epic Beowulf, Hrothgar and his people have been plagued by the marauder Grendel for twelve years. When Beowulf comes to defeat the monster, Hrothgar is grateful for himself and his people. In this speech, he demonstrates the values which he (and therefore his people) holds.
First, Hrothgar values friendship. He mentions the friendship he had with Beowulf's father for brokering peace between him and Edgetho. He specifically mentions "the reception [Beowulf's] father found at our court."
Second, he values giving honor to those who deserve it. Hrothgar speaks honor about Beowulf's father, his older brother )"a far better man than I"), Beowulf, and of course his own brave men.
Third, he values the giving of gifts, which he mentions several times in this speech and which he will elaborate on in another speech to Beowulf.
Fourth, he values his people. When he talks about the horrors Grendel has wrought, he is clearly mourning the loss of his people.
You see for yourself how much smaller our ranks have become, and can guess what we've lost to his terror.
Fifth, Hrothgar values God and has obviously been praying for Him to stop Grendel's murdering destruction.
Hrothgar is an honorable man who gives credit where it is due and speaks graciously about others; he loves his people and mourns their loss at the hands of Grendel.