Display Combobox value

Display Combobox value

Let's say i have a combobox
  1. <select name="combobox">
  2.       <option value="value1">THEVALUE1</option>
  3.       <option value = "value2">THEVALUE2</option>
  4. </select>

and let's say i select "THEVALUE2". i have a button to display the value that is selected, is there any way to display "THEVALUE2" instead of "value2" ?