diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9e8e7a3..1d8df16 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,8 +1,17 @@
 # Changelog
 
+## 2.1.0
+
+Fix `value_label` property (getter) in `selectComponent`, if no value is set.
+
+**WARNING - BACKWARD INCOMPATIBILITY**\
+This also changes `value_label` return value from `False` to `None` if no value is set.\
+So check whether to update any usage (code).\
+However no need when `None` is used in comparisons (`if` etc), which converts to boolean `False`.
+
 ## 2.0.3
 
-Add `dataSrc` getter (property) in `selectboxesComponent`.
+Add `dataSrc` property (getter) in `selectboxesComponent`.
 
 ## 2.0.2
 
diff --git a/formiodata/components/select.py b/formiodata/components/select.py
index 1b87733..a408962 100644
--- a/formiodata/components/select.py
+++ b/formiodata/components/select.py
@@ -16,6 +16,8 @@ def multiple(self):
 
     @property
     def value_label(self):
+        if not self.value:
+            return None
         comp = self.component_owner.input_components.get(self.key)
         if self.dataSrc == 'url':
             label = self.value['label']
@@ -39,7 +41,7 @@ def value_label(self):
                     else:
                         return label
             else:
-                return False
+                return None
 
     @property
     def value_labels(self):
diff --git a/pyproject.toml b/pyproject.toml
index 45ad379..41ab8f8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "formio-data"
-version = "2.0.3"
+version = "2.1.0"
 homepage = "https://github.com/novacode-nl/python-formio-data"
 description = "formio.js JSON-data API"
 readme = "README.md"
diff --git a/tests/test_component_select_multiple.py b/tests/test_component_select_multiple.py
index e2da659..b772497 100644
--- a/tests/test_component_select_multiple.py
+++ b/tests/test_component_select_multiple.py
@@ -39,7 +39,7 @@ def test_get_form(self):
         self.assertEqual(food.label, 'Favourite Food')
         self.assertEqual(food.value, ['mexican', 'chinese'])
         self.assertEqual(food.value_labels, ['Mexican', 'Chinese'])
-        self.assertEqual(food.value_label, False)
+        self.assertEqual(food.value_label, None)
         self.assertEqual(food.type, 'select')
 
     def test_get_form_data(self):
@@ -47,7 +47,7 @@ def test_get_form_data(self):
         self.assertEqual(food.label, 'Favourite Food')
         self.assertEqual(food.value, ['mexican', 'chinese'])
         self.assertEqual(food.value_labels, ['Mexican', 'Chinese'])
-        self.assertEqual(food.value_label, False)
+        self.assertEqual(food.value_label, None)
         self.assertEqual(food.type, 'select')
 
     # i18n translations
diff --git a/tests/test_component_select_one.py b/tests/test_component_select_one.py
index 23862d8..e483732 100644
--- a/tests/test_component_select_one.py
+++ b/tests/test_component_select_one.py
@@ -48,6 +48,15 @@ def test_get_form_data(self):
         self.assertEqual(season.value_label, 'Autumn')
         self.assertEqual(season.type, 'select')
 
+    def test_empty_value(self):
+        season = self.form.input_components['favouriteSeason']
+        self.assertEqual(season.label, 'Favourite Season')
+        self.assertEqual(season.value, 'autumn')
+        season.value = None
+        self.assertEqual(season.value, None)
+        self.assertEqual(season.value_label, None)
+        self.assertEqual(season.type, 'select')
+
     # i18n translations
     def test_get_label_i18n_nl(self):
         season = self.builder_i18n_nl.input_components['favouriteSeason']