diff --git a/erpnext/stock/get_item_details.py b/erpnext/stock/get_item_details.py
index 1025bbf5355..b11868347ea 100644
--- a/erpnext/stock/get_item_details.py
+++ b/erpnext/stock/get_item_details.py
@@ -11,7 +11,7 @@ from frappe.model import child_table_fields, default_fields
 from frappe.model.document import Document
 from frappe.model.meta import get_field_precision
 from frappe.model.utils import get_fetch_values
-from frappe.query_builder.functions import IfNull, Sum
+from frappe.query_builder.functions import IfNull, NullIf, Sum
 from frappe.utils import add_days, add_months, cint, cstr, flt, get_link_to_form, getdate, parse_json
 
 import erpnext
@@ -1734,7 +1734,7 @@ def get_valuation_rate(item_code: str, company: str, warehouse: str | None = Non
 		pi_item = frappe.qb.DocType("Purchase Invoice Item")
 		valuation_rate = (
 			frappe.qb.from_(pi_item)
-			.select(Sum(pi_item.base_net_amount) / Sum(pi_item.qty * pi_item.conversion_factor))
+			.select(Sum(pi_item.base_net_amount) / NullIf(Sum(pi_item.qty * pi_item.conversion_factor), 0))
 			.where((pi_item.docstatus == 1) & (pi_item.item_code == item_code))
 		).run()