Sure, and any meal you eat will have a salt content (possibly zero). Doesn't mean that that tells you all the things that could be wrong or right about the meal.
You're missing the point. You can't ONLY describe color spaces in gamma differences.
Gamma is just a single element of a color space. The whole trivializing sRGB into being a 2.2 Gamma versus linear is an over simplification that ignores gamut , white point, bit depth and more.
That's my point. You're trivializing what color is because you clearly have not dealt with it at scale.
No I'm not doing that, there seems to be some problem specifically there. Either the values are converted incorrectly, or not at all, effectivelly stretching about 8 fstops into the 11.6 (slightly less for video) f-stops of sRGB.
You can download an alternate color scheme from Technicolor for Canon cameras that makes the colors appear fairly reasonable.