diff --git a/tools/perf/util/annotate.c b/tools/perf/util/annotate.c
index 850958bb613ac71bf13fa68655117cf625909305..05d15629afd09952a709c9d3406bd2f74ef276a5 100644
--- a/tools/perf/util/annotate.c
+++ b/tools/perf/util/annotate.c
@@ -49,7 +49,7 @@ struct annotation_options annotation__default_options = {
 	.jump_arrows    = true,
 	.annotate_src	= true,
 	.offset_level	= ANNOTATION__OFFSET_JUMP_TARGETS,
-	.percent_type	= PERCENT_HITS_LOCAL,
+	.percent_type	= PERCENT_PERIOD_LOCAL,
 };
 
 static regex_t	 file_lineno;