Yes exactly the guess of meter is just more accurate.
I have worked on other electric cars and for some reason Tesla just refused to put a reading on battery health like for example the Nissan Leaf. I think if there was a indicator which is clearly possible it would remove so many questions and posts about battery health. I mean on a Leaf I can check the health of each cell, display its voltage, dial into the actual health of the battery down to cell per cell just nothing like this for Tesla. Oh I am sure it is available in some hidden diag menu but we cannot see it.