diff --git a/arch/x86/kvm/vmx/pmu_intel.c b/arch/x86/kvm/vmx/pmu_intel.c
index df661b5bbbf16..389f2585f20a3 100644
--- a/arch/x86/kvm/vmx/pmu_intel.c
+++ b/arch/x86/kvm/vmx/pmu_intel.c
@@ -609,6 +609,7 @@ static void intel_pmu_refresh(struct kvm_vcpu *vcpu)
 		bitmap_set(pmu->all_valid_pmc_idx, INTEL_PMC_IDX_FIXED_VLBR, 1);
 
 	if (vcpu->arch.perf_capabilities & PERF_CAP_PEBS_FORMAT) {
+		vcpu->arch.ia32_misc_enable_msr &= ~MSR_IA32_MISC_ENABLE_PEBS_UNAVAIL;
 		if (vcpu->arch.perf_capabilities & PERF_CAP_PEBS_BASELINE) {
 			pmu->pebs_enable_mask = ~pmu->global_ctrl;
 			pmu->reserved_bits &= ~ICL_EVENTSEL_ADAPTIVE;
@@ -622,6 +623,7 @@ static void intel_pmu_refresh(struct kvm_vcpu *vcpu)
 				~((1ull << pmu->nr_arch_gp_counters) - 1);
 		}
 	} else {
+		vcpu->arch.ia32_misc_enable_msr |= MSR_IA32_MISC_ENABLE_PEBS_UNAVAIL;
 		vcpu->arch.perf_capabilities &= ~PERF_CAP_PEBS_MASK;
 	}
 }
diff --git a/arch/x86/kvm/x86.c b/arch/x86/kvm/x86.c
index 0fa7365020613..be1d2fb541ccd 100644
--- a/arch/x86/kvm/x86.c
+++ b/arch/x86/kvm/x86.c
@@ -3558,7 +3558,13 @@ int kvm_set_msr_common(struct kvm_vcpu *vcpu, struct msr_data *msr_info)
 		break;
 	case MSR_IA32_MISC_ENABLE: {
 		u64 old_val = vcpu->arch.ia32_misc_enable_msr;
-		u64 pmu_mask = MSR_IA32_MISC_ENABLE_EMON;
+		u64 pmu_mask = MSR_IA32_MISC_ENABLE_EMON |
+			MSR_IA32_MISC_ENABLE_PEBS_UNAVAIL;
+
+		/* RO bits */
+		if (!msr_info->host_initiated &&
+		    ((old_val ^ data) & MSR_IA32_MISC_ENABLE_PEBS_UNAVAIL))
+			return 1;
 
 		/*
 		 * For a dummy user space, the order of setting vPMU capabilities and