Is the difference between market value of shares and their book value a good measure for the value creation in a company since its foundation?

Both book value and market value offer meaningful insights to a company's valuation, and comparing the two can help investors determine whether a stock is overvalued or undervalued given its assets, liabilities and its ability to generate income. Like with any financial metric, the real utility comes from recognizing the advantages and limitations of book value and market value. An investor must determine when the book value or market value should be used, and when it should be discounted or disregarded in favor of other meaningful parameters when analyzing a company. 

Market value is calculated by multiplying a company's outstanding shares by its current market price.

Market value of a Company = Current Market Price (per share) * Total Number of Outstanding Shares

Thanks for invitation,

I do believe that, it is an indicator which can be used to know, to what extent the company is on "A Right Track" in general, but taking into consideration that its only one indicator, but will not glow the whole complete picture.