Yes - but is it the best value if business class is available at 1/3 the price - hence the compariso - I wouldn't say so. To me good value would be where it is not much more expensive than business class as I have come across in the past - e.g. on trans tasman , when chauffeur was included,, the price of the business flight plus a taxi worked out at approx $50 less than the price of a 1st class ticket - that is an example, to me, of good value and was the best value ticket I used to buy .

If you just mean by best value , is it a cheap 1st class ticket based on distance travelled, then I agree it is - but as best value ticket - because of the price difference , I wouldn't class it as such

Value is a subjective term