diff --git a/erpnext/stock/serial_batch_bundle.py b/erpnext/stock/serial_batch_bundle.py
index 4f227115f9d..e52ce3567cb 100644
--- a/erpnext/stock/serial_batch_bundle.py
+++ b/erpnext/stock/serial_batch_bundle.py
@@ -723,7 +723,7 @@ class SerialNoValuation(DeprecatedSerialNoValuation):
 			)
 			.select(
 				bundle_child.serial_no,
-				(bundle_child.incoming_rate * bundle_child.qty).as_("incoming_rate"),
+				bundle_child.incoming_rate,
 			)
 		)