It doesn't even tell you who played well that particular game. There are so many variables that go into that stat that have nothing to do with the individual player's performance that it makes it essentially worthless when measuring an individual player.
I disagree. A large value still means that your team did well when the player was on the floor, and a small (i.e. negative) value still means that your team did poorly when you were on the floor. And if you look at the league leaders they tend to be players who everyone would recognize as the best in the NBA. Obviously there are exceptions, particularly at the start of the year, but I still think the stat has a lot of value.