There are two ways this can be done, one depends on how your folders might be named, and the other will require you to set the tag value using an expression (this can be for all files at once).
What is the full path of the album shown above in the screenshot, and can you describe the folder path structure in general.
My file structure is as the following.
M:\EAC Music\[Label]\[Album]\[Track #] - [Name]
M:\EAC Music\[Label]\[Album]\Folder.jpg
M:\DSD Music\[Label]\[Album]\[Track #] - [Name]
M:\DSD Music\[Label]\[Album]\Folder.jpg
M:\FLAC Music\[Label]\[Album]\[Track #] - [Name]
M:\FLAC Music\[Label]\[Album]\Folder.jpg
M:\HRZ Music\[Label]\[Album]\[Track #] - [Name]
M:\HRZ Music\[Label]\[Album]\Folder.jpg
MAC only for showing the file structure. I am using Windows MC 19