From the Horizon Hobby website on this product [link]http://www.horizonhobby.com/Products/Default.aspx?ProdID=HAN192[/link]
Overview
The new, patent-pending Angle Pro can measure precisely to 1/10 of a degree........
Since it says you can measure to 1/10 of a degree I would assume it does measure degrees. A call to Horizon Hobby may clear this up completely.
Ken