diff --git a/arch/x86/events/perf_event.h b/arch/x86/events/perf_event.h
index 62963022b517..ad35c546243e 100644
--- a/arch/x86/events/perf_event.h
+++ b/arch/x86/events/perf_event.h
@@ -1574,13 +1574,22 @@ static inline bool intel_pmu_has_bts_period(struct perf_event *event, u64 period
 	struct hw_perf_event *hwc = &event->hw;
 	unsigned int hw_event, bts_event;
 
-	if (event->attr.freq)
+	/*
+	 * Only use BTS for fixed rate period==1 events.
+	 */
+	if (event->attr.freq || period != 1)
+		return false;
+
+	/*
+	 * BTS doesn't virtualize.
+	 */
+	if (event->attr.exclude_host)
 		return false;
 
 	hw_event = hwc->config & INTEL_ARCH_EVENT_MASK;
 	bts_event = x86_pmu.event_map(PERF_COUNT_HW_BRANCH_INSTRUCTIONS);
 
-	return hw_event == bts_event && period == 1;
+	return hw_event == bts_event;
 }
 
 static inline bool intel_pmu_has_bts(struct perf_event *event)