There is only one way to see if your product is delivering value and how much value it is delivering. Are people paying for it?
You can cheat the "benefit" part of your equation way too easily. "My product saves people 10 hours a week which at $50 an hour is $2k a month!". It's all guessing and usually bullshit. This is how companies say projects will save them 10M a year when it might not be saving them anything.
The real test is are customers paying for it, and what are they paying? Play with your pricing and see where the sweet spot is, that is how much value your product or service is delivering. When you look at two web applications and one is $20 a month and the other $40 and both are obviously successful, which one do you think is delivering more value?