Dale are currently third in the table after beating Exeter 1-0 at St James Park on Saturday.
Jamie Allen scored the only goal of the game on the stroke of half time, and Tisdale admits that the result was fair.
"I think they just about deserved it and we were beaten by a better team," Tisdale told reporters.
"I haven't seen a better team in our league than Rochdale, they are a very good team."
Rochdale are the second highest scorers in League Two this season, having hit the net 49 times in 32 games.