This is wrong. Here is why:
<condescending crap snip>
I have 1000 HP.
My defenses reduce incoming damage by x%.
Thus my effective HP are at 1000 HP + 1000 HP * 1.x.
<bad maths snip>
So kids, stay in school, don't take drugs and stack your defensive stats. Unless you have diminishing returns. Then act smart and look at your overall gain.
Would you agree that 100% mitigation means the enemy is doing no damage?
If the enemy is doing no damage would you agree that you have infinite effective hit points?
Hopefully you answered 'yes' to both of those, because that means that this formula is clearly wrong:
Because that predicts that having 100% mitigation merely doubles your EHP. Rest of your post is garbage since it was based around that.
FYI, the correct formula is 1/(1-x), and it's grade school algebra to figure out that result. Stay in school indeed.