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Market value is 63923. Equity (book) is 17546. How much value has the company created as a percentage of the investment of the equity holders?

Market value is 63923. Equity (book) is 17546. How much value has the company created as a percentage of the investment of the equity holders? I thought, 63923/17546. that was wrong. I've been told (63923/17546) - 1 Why the -1 ? thanks

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