diff --git a/arch/x86/include/asm/nospec-branch.h b/arch/x86/include/asm/nospec-branch.h
index 5285c8e93dff..c55cc243592e 100644
--- a/arch/x86/include/asm/nospec-branch.h
+++ b/arch/x86/include/asm/nospec-branch.h
@@ -299,6 +299,17 @@
 #endif
 .endm
 
+.macro UNTRAIN_RET_VM
+#if defined(CONFIG_CPU_UNRET_ENTRY) || defined(CONFIG_CPU_IBPB_ENTRY) || \
+	defined(CONFIG_CALL_DEPTH_TRACKING) || defined(CONFIG_CPU_SRSO)
+	VALIDATE_UNRET_END
+	ALTERNATIVE_3 "",						\
+		      CALL_UNTRAIN_RET, X86_FEATURE_UNRET,		\
+		      "call entry_ibpb", X86_FEATURE_IBPB_ON_VMEXIT,	\
+		      __stringify(RESET_CALL_DEPTH), X86_FEATURE_CALL_DEPTH
+#endif
+.endm
+
 .macro UNTRAIN_RET_FROM_CALL
 #if defined(CONFIG_CPU_UNRET_ENTRY) || defined(CONFIG_CPU_IBPB_ENTRY) || \
 	defined(CONFIG_CALL_DEPTH_TRACKING)
diff --git a/arch/x86/kernel/cpu/bugs.c b/arch/x86/kernel/cpu/bugs.c
index 6f3e19527286..9026e3fe9f6c 100644
--- a/arch/x86/kernel/cpu/bugs.c
+++ b/arch/x86/kernel/cpu/bugs.c
@@ -1054,6 +1054,7 @@ do_cmd_auto:
 
 	case RETBLEED_MITIGATION_IBPB:
 		setup_force_cpu_cap(X86_FEATURE_ENTRY_IBPB);
+		setup_force_cpu_cap(X86_FEATURE_IBPB_ON_VMEXIT);
 		mitigate_smt = true;
 		break;
 
diff --git a/arch/x86/kvm/svm/vmenter.S b/arch/x86/kvm/svm/vmenter.S
index 265452fc9ebe..ef2ebabb059c 100644
--- a/arch/x86/kvm/svm/vmenter.S
+++ b/arch/x86/kvm/svm/vmenter.S
@@ -222,10 +222,7 @@ SYM_FUNC_START(__svm_vcpu_run)
 	 * because interrupt handlers won't sanitize 'ret' if the return is
 	 * from the kernel.
 	 */
-	UNTRAIN_RET
-
-	/* SRSO */
-	ALTERNATIVE "", "call entry_ibpb", X86_FEATURE_IBPB_ON_VMEXIT
+	UNTRAIN_RET_VM
 
 	/*
 	 * Clear all general purpose registers except RSP and RAX to prevent
@@ -362,7 +359,7 @@ SYM_FUNC_START(__svm_sev_es_vcpu_run)
 	 * because interrupt handlers won't sanitize RET if the return is
 	 * from the kernel.
 	 */
-	UNTRAIN_RET
+	UNTRAIN_RET_VM
 
 	/* "Pop" @spec_ctrl_intercepted.  */
 	pop %_ASM_BX