I think it's fair. Liverpool played Madrid/City 3 times, Madrid also 3 times and we played them 4 times and evaluating all the matches, we were clearly the superior team in 1st half at Anfield, equal 2nd half, waay superior at Etihad to both teams, better for 89 minutes at Bernabeu.
And for me if Real Madrid played in the PL, they would've probably been 3rd last season. They lost against Chelsea easily too, a Chelsea that we dominated in both PL games. At the end, it doesn't matter that much, the reality is they won the most important title, but we are currently the better team and I would say we've been for at least 2 years now.