diff --git a/src/StandardBondingCalculator.sol b/src/StandardBondingCalculator.sol
index 2818c3c..b83209b 100644
--- a/src/StandardBondingCalculator.sol
+++ b/src/StandardBondingCalculator.sol
@@ -46,6 +46,7 @@ contract GhostBondingCalculator is IBondingCalculator {
         uint256 totalSupply = IUniswapV2Pair(pair).totalSupply();
 
         value = totalValue * FixedPoint.fraction(amount, totalSupply).decode112with18() / 1e18;
+        value = value * fraction / 1e18;
     }
 
     function markdown(address pair) external view override returns (uint256 reserve) {