In short, no, but… The most similar thing would be using the command run script and passing text as direct parameter (and additional parameters, if needed). This command will attempt to compile and run the given text on-the-fly, and it will return any compilation or execution error (if any).
This is a very basic example:
set var to "1 + 2 + 3 + 4 + 5"
run script var --> 15
And a typical request from lots of users: get a variable’s value thru it’s name (as a string):
set var to {1, 2, 3, 4, 5}
evaluate("var") --> {1, 2, 3, 4, 5}
to evaluate(theThing)
run script "on run {x}
Ã? Ã? return x's " & theThing & "
end" with parameters {me}
end evaluate