It depends mostly on your definition of 'value'.
As someone who is both certified, and on the Boards of two certifying organizations -
No certification can attest to your actual ability. Primarily the certifications are used to show that you some level of experience and knowledge of the subject, and that you were willing to invest the time and effort in attaining the credential.
As examples, the two I'm involved in -
asapm (IPMA-USA) offers several advanced, performance based certifications. These are fairly difficult to attain, and include providing documented evidence of your past performance. But this credential only attests to PAST performance at a certain level. It is no guarantee of future performance.
Similarly, the PMD Pro offered by PM4NGO's is a domain specific certification focused on the int'l development and aid sector. While still being developed, this certification attests to the holder understanding the specific contextual differences of project management within that sector. It does not guarantee that a project or pm will be successful.
So again, if by 'value' you mean it says you can actually DO the work, that may be stretching things. But if you mean that it signifies an interest and certain level of knowledge or experience, then yes, they do offer value.