WorldToClip/ClipToWorld transform in materials not behaving as expected

In 5.3, the specified code will return all 0 or very small as expected. However in 5.4.4 and onwards (also checked in 5.6.1 & 5.7.1), it returns very large numbers.

• Open any material
• Add Custom node
• Add code below to the custom node
• Connect output to DebugFloat3Values
• Preview node on a cube or plane

Expected outcome: values printed are zeroes, or very small
Actual outcome: large values

Code:
float4 ObjectClipPos = mul(float4(0.0f,0.0f,0.0f, 1.0f), LWCToFloat(ResolvedView.WorldToClip));
ObjectClipPos /= ObjectClipPos.w;
float4 NewObjectWorldPos = mul(ObjectClipPos, LWCToFloat(ResolvedView.ClipToWorld));
NewObjectWorldPos /= NewObjectWorldPos.w;
return NewObjectWorldPos.xyz;