A lot of it is meaningless, but not all of it.
A very good measuring stick is the offer list. When we sign someone, the list of viable offers that player had in hand is easily retrievable, and tells you how well we are doing in recruiting.
Why do you think the focus is always on Tech, USM and Tulane? Because their signees have had offer lists that dwarf our signees' offer lists for about the last 20 years.