You can absolutely build a PC (these days) to match the PS5 on price/performance, but its going to be second hand used parts from older generations than whats current.
When the PS5 came out, it wasn’t possible because Sony buys the hardware in bulk(often customized as well) and sells it to you at a loss, hoping to make the money back in the future(PS+, $70 games, digital exclusives, DLC). Or sell the console in a few years at nearly the same price, but by then the technology cost them way less because it hasn’t been changed much at all(except with PS Slim/pro versions)
Check out a recentish Linus Tech Tips video about the “modern PS5 killer” video. He made an even better PC for the same cost as a PS5
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