diff --git a/drivers/xen/balloon.c b/drivers/xen/balloon.c
index b232908a6192..1b6230419704 100644
--- a/drivers/xen/balloon.c
+++ b/drivers/xen/balloon.c
@@ -641,7 +641,7 @@ static int __init balloon_init(void)
 
 	balloon_stats.current_pages = xen_pv_domain()
 		? min(xen_start_info->nr_pages - xen_released_pages, max_pfn)
-		: max_pfn;
+		: get_num_physpages();
 	balloon_stats.target_pages  = balloon_stats.current_pages;
 	balloon_stats.balloon_low   = 0;
 	balloon_stats.balloon_high  = 0;