diff --git a/arch/x86/kvm/vmx/vmx.c b/arch/x86/kvm/vmx/vmx.c
index 88a4ff200d04..784f2ecca5d2 100644
--- a/arch/x86/kvm/vmx/vmx.c
+++ b/arch/x86/kvm/vmx/vmx.c
@@ -7857,8 +7857,28 @@ static u64 vmx_get_perf_capabilities(void)
 
 	if (vmx_pebs_supported()) {
 		perf_cap |= host_perf_cap & PERF_CAP_PEBS_MASK;
-		if ((perf_cap & PERF_CAP_PEBS_FORMAT) < 4)
-			perf_cap &= ~PERF_CAP_PEBS_BASELINE;
+
+		/*
+		 * Disallow adaptive PEBS as it is functionally broken, can be
+		 * used by the guest to read *host* LBRs, and can be used to
+		 * bypass userspace event filters.  To correctly and safely
+		 * support adaptive PEBS, KVM needs to:
+		 *
+		 * 1. Account for the ADAPTIVE flag when (re)programming fixed
+		 *    counters.
+		 *
+		 * 2. Gain support from perf (or take direct control of counter
+		 *    programming) to support events without adaptive PEBS
+		 *    enabled for the hardware counter.
+		 *
+		 * 3. Ensure LBR MSRs cannot hold host data on VM-Entry with
+		 *    adaptive PEBS enabled and MSR_PEBS_DATA_CFG.LBRS=1.
+		 *
+		 * 4. Document which PMU events are effectively exposed to the
+		 *    guest via adaptive PEBS, and make adaptive PEBS mutually
+		 *    exclusive with KVM_SET_PMU_EVENT_FILTER if necessary.
+		 */
+		perf_cap &= ~PERF_CAP_PEBS_BASELINE;
 	}
 
 	return perf_cap;