As far as the only real criterion that matters. was watching/listening/reading the particular media a net positive to the particular watcher/listener/reader, of course not. If it was objective then there would be a very simply rating scale that could be applied to everything and all critics (traditional and internet) would have ceased to exist long ago
There are elements that can be reduced to objective standards but even these fall apart in the context of the media as a whole.
I can say that the visual effects of Michal Bay's Pearl Harbor are better than those of Tora, Tora, Tora and that can be put in objective terms as to resolution, realism of effects and the like but when it comes to which I prefer it's not relevant. Go back to 1960's Sink The Bismark. It's shockingly obvious that the exploding ships are small models but it doesn't matter.
To pick on a favourite target, the plothole, again it can be objectively said that a story has this plothole or that plothole. But that's not enough. What really matters is the impact of the plothole. If it's trivial or I didn't notice it or I just don't care, it doesn't make the story bad.
Same with story consistency/integrity. I like Sherlock Holmes stories. I find the whole infallible deductive reasoning shtick silly. Leaving aside whether it's deductive, identifying one solution that's consistent with the disclosed facts does not mean that there aren't others. Conan Doyle might have hated that his fame came from effectively dime store populist fiction and thought he was better than that but it did and he wasn't. I much prefer Agatha Christie but I still like the Holmes stories (most of them).