diff --git a/erpnext/accounts/utils.py b/erpnext/accounts/utils.py
index fe63fa0a654..8cada34f0b9 100644
--- a/erpnext/accounts/utils.py
+++ b/erpnext/accounts/utils.py
@@ -1587,7 +1587,7 @@ def get_stock_and_account_balance(account=None, posting_date=None, company=None)
 		if wh_details.account == account and not wh_details.is_group
 	]
 
-	total_stock_value = get_stock_value_on(related_warehouses, posting_date)
+	total_stock_value = get_stock_value_on(related_warehouses, posting_date, company=company)
 
 	precision = frappe.get_precision("Journal Entry Account", "debit_in_account_currency")
 	return flt(account_balance, precision), flt(total_stock_value, precision), related_warehouses
diff --git a/erpnext/stock/utils.py b/erpnext/stock/utils.py
index 058db2a6e20..f951ac019f5 100644
--- a/erpnext/stock/utils.py
+++ b/erpnext/stock/utils.py
@@ -54,7 +54,10 @@ def get_stock_value_from_bin(warehouse=None, item_code=None):
 
 
 def get_stock_value_on(
-	warehouses: list | str | None = None, posting_date: str | None = None, item_code: str | None = None
+	warehouses: list | str | None = None,
+	posting_date: str | None = None,
+	item_code: str | None = None,
+	company: str | None = None,
 ) -> float:
 	if not posting_date:
 		posting_date = nowdate()
@@ -82,6 +85,9 @@ def get_stock_value_on(
 	if item_code:
 		query = query.where(sle.item_code == item_code)
 
+	if company:
+		query = query.where(sle.company == company)
+
 	return query.run(as_list=True)[0][0]