diff --git a/arch/x86/events/intel/lbr.c b/arch/x86/events/intel/lbr.c
index 58889f952959370022719993ba104da306646f26..b8cac31f089c3fcfafcfc69471e7b1ff66bf6403 100644
--- a/arch/x86/events/intel/lbr.c
+++ b/arch/x86/events/intel/lbr.c
@@ -488,6 +488,8 @@ void intel_pmu_lbr_add(struct perf_event *event)
 	 * be 'new'. Conversely, a new event can get installed through the
 	 * context switch path for the first time.
 	 */
+	if (x86_pmu.intel_cap.pebs_baseline && event->attr.precise_ip > 0)
+		cpuc->lbr_pebs_users++;
 	perf_sched_cb_inc(event->ctx->pmu);
 	if (!cpuc->lbr_users++ && !event->total_time_running)
 		intel_pmu_lbr_reset();
@@ -507,8 +509,11 @@ void intel_pmu_lbr_del(struct perf_event *event)
 		task_ctx->lbr_callstack_users--;
 	}
 
+	if (x86_pmu.intel_cap.pebs_baseline && event->attr.precise_ip > 0)
+		cpuc->lbr_pebs_users--;
 	cpuc->lbr_users--;
 	WARN_ON_ONCE(cpuc->lbr_users < 0);
+	WARN_ON_ONCE(cpuc->lbr_pebs_users < 0);
 	perf_sched_cb_dec(event->ctx->pmu);
 }
 
@@ -658,7 +663,13 @@ void intel_pmu_lbr_read(void)
 {
 	struct cpu_hw_events *cpuc = this_cpu_ptr(&cpu_hw_events);
 
-	if (!cpuc->lbr_users)
+	/*
+	 * Don't read when all LBRs users are using adaptive PEBS.
+	 *
+	 * This could be smarter and actually check the event,
+	 * but this simple approach seems to work for now.
+	 */
+	if (!cpuc->lbr_users || cpuc->lbr_users == cpuc->lbr_pebs_users)
 		return;
 
 	if (x86_pmu.intel_cap.lbr_format == LBR_FORMAT_32)
diff --git a/arch/x86/events/perf_event.h b/arch/x86/events/perf_event.h
index ca81a32ac0fc9e28405b9b2250b922ca2adb27de..9871d288217f28e611c577250fa96d17ab8993df 100644
--- a/arch/x86/events/perf_event.h
+++ b/arch/x86/events/perf_event.h
@@ -234,6 +234,7 @@ struct cpu_hw_events {
 	 * Intel LBR bits
 	 */
 	int				lbr_users;
+	int				lbr_pebs_users;
 	struct perf_branch_stack	lbr_stack;
 	struct perf_branch_entry	lbr_entries[MAX_LBR_ENTRIES];
 	struct er_account		*lbr_sel;