No, it is not. It’s a reason to not buy Ubisoft games, physical or digital. Physical games usually still have a code that’s linked to an account and you have to download the game from an server online. Physical games now are just as digital as digital games, but they come with added plastic waste.
The reason to buy physical is for the collection of physical games. Don’t delude yourself into thinking it’s actually on the disk though. That hasn’t been the case for a while now.