diff --git a/arch/x86/kvm/svm/sev.c b/arch/x86/kvm/svm/sev.c
index 43b7d76a27a562..4471b4e08d23d8 100644
--- a/arch/x86/kvm/svm/sev.c
+++ b/arch/x86/kvm/svm/sev.c
@@ -666,6 +666,14 @@ static int __sev_launch_update_vmsa(struct kvm *kvm, struct kvm_vcpu *vcpu,
 	  return ret;
 
 	vcpu->arch.guest_state_protected = true;
+
+	/*
+	 * SEV-ES guest mandates LBR Virtualization to be _always_ ON. Enable it
+	 * only after setting guest_state_protected because KVM_SET_MSRS allows
+	 * dynamic toggling of LBRV (for performance reason) on write access to
+	 * MSR_IA32_DEBUGCTLMSR when guest_state_protected is not set.
+	 */
+	svm_enable_lbrv(vcpu);
 	return 0;
 }
 
@@ -3040,7 +3048,6 @@ static void sev_es_init_vmcb(struct vcpu_svm *svm)
 	struct kvm_vcpu *vcpu = &svm->vcpu;
 
 	svm->vmcb->control.nested_ctl |= SVM_NESTED_CTL_SEV_ES_ENABLE;
-	svm->vmcb->control.virt_ext |= LBR_CTL_ENABLE_MASK;
 
 	/*
 	 * An SEV-ES guest requires a VMSA area that is a separate from the
@@ -3092,10 +3099,6 @@ static void sev_es_init_vmcb(struct vcpu_svm *svm)
 	/* Clear intercepts on selected MSRs */
 	set_msr_interception(vcpu, svm->msrpm, MSR_EFER, 1, 1);
 	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_CR_PAT, 1, 1);
-	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTBRANCHFROMIP, 1, 1);
-	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTBRANCHTOIP, 1, 1);
-	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTINTFROMIP, 1, 1);
-	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTINTTOIP, 1, 1);
 }
 
 void sev_init_vmcb(struct vcpu_svm *svm)
diff --git a/arch/x86/kvm/svm/svm.c b/arch/x86/kvm/svm/svm.c
index 3363e5ba0fff5b..4650153afa4659 100644
--- a/arch/x86/kvm/svm/svm.c
+++ b/arch/x86/kvm/svm/svm.c
@@ -99,6 +99,7 @@ static const struct svm_direct_access_msrs {
 	{ .index = MSR_IA32_SPEC_CTRL,			.always = false },
 	{ .index = MSR_IA32_PRED_CMD,			.always = false },
 	{ .index = MSR_IA32_FLUSH_CMD,			.always = false },
+	{ .index = MSR_IA32_DEBUGCTLMSR,		.always = false },
 	{ .index = MSR_IA32_LASTBRANCHFROMIP,		.always = false },
 	{ .index = MSR_IA32_LASTBRANCHTOIP,		.always = false },
 	{ .index = MSR_IA32_LASTINTFROMIP,		.always = false },
@@ -990,7 +991,7 @@ void svm_copy_lbrs(struct vmcb *to_vmcb, struct vmcb *from_vmcb)
 	vmcb_mark_dirty(to_vmcb, VMCB_LBR);
 }
 
-static void svm_enable_lbrv(struct kvm_vcpu *vcpu)
+void svm_enable_lbrv(struct kvm_vcpu *vcpu)
 {
 	struct vcpu_svm *svm = to_svm(vcpu);
 
@@ -1000,6 +1001,9 @@ static void svm_enable_lbrv(struct kvm_vcpu *vcpu)
 	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTINTFROMIP, 1, 1);
 	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTINTTOIP, 1, 1);
 
+	if (sev_es_guest(vcpu->kvm))
+		set_msr_interception(vcpu, svm->msrpm, MSR_IA32_DEBUGCTLMSR, 1, 1);
+
 	/* Move the LBR msrs to the vmcb02 so that the guest can see them. */
 	if (is_guest_mode(vcpu))
 		svm_copy_lbrs(svm->vmcb, svm->vmcb01.ptr);
@@ -1009,6 +1013,8 @@ static void svm_disable_lbrv(struct kvm_vcpu *vcpu)
 {
 	struct vcpu_svm *svm = to_svm(vcpu);
 
+	KVM_BUG_ON(sev_es_guest(vcpu->kvm), vcpu->kvm);
+
 	svm->vmcb->control.virt_ext &= ~LBR_CTL_ENABLE_MASK;
 	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTBRANCHFROMIP, 0, 0);
 	set_msr_interception(vcpu, svm->msrpm, MSR_IA32_LASTBRANCHTOIP, 0, 0);
diff --git a/arch/x86/kvm/svm/svm.h b/arch/x86/kvm/svm/svm.h
index 4bf9af529ae03f..2ed3015e03f132 100644
--- a/arch/x86/kvm/svm/svm.h
+++ b/arch/x86/kvm/svm/svm.h
@@ -30,7 +30,7 @@
 #define	IOPM_SIZE PAGE_SIZE * 3
 #define	MSRPM_SIZE PAGE_SIZE * 2
 
-#define MAX_DIRECT_ACCESS_MSRS	47
+#define MAX_DIRECT_ACCESS_MSRS	48
 #define MSRPM_OFFSETS	32
 extern u32 msrpm_offsets[MSRPM_OFFSETS] __read_mostly;
 extern bool npt_enabled;
@@ -544,6 +544,7 @@ u32 *svm_vcpu_alloc_msrpm(void);
 void svm_vcpu_init_msrpm(struct kvm_vcpu *vcpu, u32 *msrpm);
 void svm_vcpu_free_msrpm(u32 *msrpm);
 void svm_copy_lbrs(struct vmcb *to_vmcb, struct vmcb *from_vmcb);
+void svm_enable_lbrv(struct kvm_vcpu *vcpu);
 void svm_update_lbrv(struct kvm_vcpu *vcpu);
 
 int svm_set_efer(struct kvm_vcpu *vcpu, u64 efer);