The number engraved on the barrel is not a property of the objective. It is a property of the objective and the tube lens it was designed for, and those differ by manufacturer: Zeiss builds for a 164.5 mm tube lens, Olympus for 180 mm, Nikon and Leica for 200 mm. Actual magnification is the engraved figure scaled by the ratio of the tube lens you have to the one it expects.
So a Zeiss 40x on a Nikon stand is 40 × 200/164.5 = 48.6x. Not a rounding error — 22% off, silently, on every dimension you derive from it. Every measurement in micrometers, every pixel footprint, every Nyquist calculation built on that number inherits the same 22%.
The error is invisible because nothing looks wrong. The image is sharp, the field is a plausible size, and the scale bar your software draws is confidently incorrect. If your system mixes brands anywhere in the path — and a surprising number do, through adapters and third-party tube lenses — calibrate against a stage micrometer and believe the measurement, not the engraving.