I have one of these and I have not used it much, though it is ocasionally useful.
Mine has a line scribed half way acrosss the “tag” on the end of the arm that crosses the degree scale and this is the fiducial line which gives the reading. It’s not very clear from your photo if the line on your protractor is present or has got abraded away from use or contact with other tools . Might be best to do as Andrew suggests and see if you can see the line or can make it more visible.
Rod