Yes, with regards to performance, AMD Radeon RX 7800 XT outperforms, GeForce RTX 3080 Ti by 1.3%.
The RX 7800 XT is more energy-efficient considering its peformance, consuming 263 watts to produce 3DMark score of 19839. By comparing its benchmark score to its power consumption, we get an efficiency score of 75.4. RTX 3080 Ti's efficiency score is 56.0, 34.8% lower, making RX 7800 XT the smarter choice in terms of power consumption.
When considering value for money, RX 7800 XT offers a better deal than, GeForce RTX 3080 Ti by 65.2%. Here is more in depth overview of the price and used prices of RX 7800 XT Price History and RTX 3080 Ti Price History