It depends what you mean by put stock in it. Do you mean can people who are overweight/obese according to BMI be healthy? Look 'good'? Be happy and confident in their bodies? And can people who are a healthy weight according to BMI be the opposite, unhealthy and unhappy with their body? Because of course the answer to all of these is yes, but then again in general and for most people I would still say it is 'better' to be in the healthy weight category.
Certainly in health/scientific terms dress size is a pretty poor indication as there's no consensus or consistency in what a size 8/10/12 means and of course depending on body type you may be different sizes in tops/dresses/trousers etc.
BMI is quite widely castigated as obviously it's a very simple calculation that tries to apply the same principle across an entire population but on the whole I think it's a useful basic indicator for everyone other than extreme outlier cases such as body builders. People who point to people who are overweight but still extremely healthy or vice versa IMO miss the point, that's like saying the health advice to not smoke to reduce risk of cancer is stupid because some smokers live to 90 with no health conditions and some people who've never smoked in their life die at 30 of incurable cancer, obviously it's about risk and the population as a whole, not a simple 'be this weight and you're grand' situation.
I think you do need to look at your body type as a whole and things like waist to height ratio may be more important (as visceral fat, the fat you carry around your middle, is particularly damaging), or things like body fat % or blood cholesterol levels or blood sugar tests could be more relevant for your health depending on family history and other risk factors. Also coming back to what your goals are, do you want to 'feel' healthier or slimmer or are you happy as you are, obsessive focus on any one measure such as BMI or simple weight or dress size can often be counter-productive and make you feel worse about yourself, for me I generally prefer to focus on fitness goals rather than the scales as that's a more positive attitude (what I want to achieve rather than what I don't want to look like) although a more trim waistline and a slightly lowered BMI are side benefits...