Let I be a regular proper ideal in a Noetherian ring R, let e≥2 be an integer, let Te=R[u,tI,u1e]′∩R[u1e,t1e] (where t is an indeterminate and u=1t), and let re=u1eTe. Then the Itoh (e)-valuation rings of I are the rings (Te/z)(p/z), where p varies over the (height one) associated prime ideals of re and z is the (unique) minimal prime ideal in Te that is contained in p. We show, among other things:(1) re is a radical ideal if and only if e is a common multiple of the Rees integers of I.(2) For each integer k≥2, there is a one-to-one correspondence between the Itoh (k)-valuation rings (V⁎,N⁎) of I and the Rees valuation rings (W,Q) of uR[u,tI]; namely, if F(u) is the quotient field of W, then V⁎ is the integral closure of W in F(u1k).(3) For each integer k≥2, if (V⁎,N⁎) and (W,Q) are corresponding valuation rings, as in (2), then V⁎ is a finite integral extension domain of W, and W and V⁎ satisfy the Fundamental Equality with no splitting. Also, if uW=Qe, and if the greatest common divisor of e and k is d, and c is the integer such that cd=k, then QV⁎=N⁎c and [(V⁎/N⁎):(W/Q)]=d. Further, if uW=Qe and k=qe is a multiple of e, then there exists a unit θe∈V⁎ such that V⁎=W[θe,u1k] is a finite free integral extension domain of W, QV⁎=N⁎q, N⁎=u1kV⁎, and [V⁎:W]=k.(4) If the Rees integers of I are all equal to e, then V⁎=W[θe] is a simple free integral extension domain of W, QV⁎=N⁎=u1eV⁎, and [V⁎:W]=e=[(V⁎/N⁎):(W/Q)].