Definition of overrated
: rated or valued too highly
an overrated book/movie/restaurant The reign of James I is under scrutiny again. For too long this king has been the victim of literary pastiche, deployed as a foil to the fleeing glory of the overrated Elizabeth I.— J. A. Guy … Garrick had arranged for a member of the audience (a fellow actor), dressed as a Frenchified fop, to complain—as connoisseurs of French literary taste had complained for generations—that Shakespeare was vulgar, provincial, and overrated.— Jonathan Bate
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Merriam-Webster unabridged
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Time Traveler for overrated
The first known use of overrated was in 1586
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