diff --git a/arch/x86/kvm/svm.c b/arch/x86/kvm/svm.c
index cc7da664fd39..580e4cbdaa5d 100644
--- a/arch/x86/kvm/svm.c
+++ b/arch/x86/kvm/svm.c
@@ -3237,8 +3237,8 @@ static int nested_svm_exit_special(struct vcpu_svm *svm)
 			return NESTED_EXIT_HOST;
 		break;
 	case SVM_EXIT_EXCP_BASE + PF_VECTOR:
-		/* When we're shadowing, trap PFs, but not async PF */
-		if (!npt_enabled && svm->vcpu.arch.apf.host_apf_reason == 0)
+		/* Trap async PF even if not shadowing */
+		if (!npt_enabled || svm->vcpu.arch.apf.host_apf_reason)
 			return NESTED_EXIT_HOST;
 		break;
 	default: