Not exactly. If we're talking xbox, then it's no contest. If we're talking ps4, then it's pretty close:
http://www.extremetech.com/gaming/171158-can-you-build-a-gaming-pc-better-than-the-ps4-for-400
So it would be a little more than a PS (about $15 in this case) - but remember, it's also way more versatile and can do anything a ps can (in terms of specs- obviously things like controllers will be extra) and more.
And there are other setups that might beat this one out, too. Don't count out pcs too easily. The main selling point of a console is that you don't have to do the work yourself. So yes, you'll get a good value, but it's limiting, too.