diff --git a/tools/perf/builtin-stat.c b/tools/perf/builtin-stat.c
index ce2266c..fb02b53 100644
--- a/tools/perf/builtin-stat.c
+++ b/tools/perf/builtin-stat.c
@@ -930,11 +930,10 @@
 
 	if (perf_evsel__match(evsel, HARDWARE, HW_INSTRUCTIONS)) {
 		total = avg_stats(&runtime_cycles_stats[cpu]);
-		if (total)
+		if (total) {
 			ratio = avg / total;
-
-		fprintf(output, " #   %5.2f  insns per cycle        ", ratio);
-
+			fprintf(output, " #   %5.2f  insns per cycle        ", ratio);
+		}
 		total = avg_stats(&runtime_stalled_cycles_front_stats[cpu]);
 		total = max(total, avg_stats(&runtime_stalled_cycles_back_stats[cpu]));