diff --git a/src/ucp/wireup/select.c b/src/ucp/wireup/select.c
index ee9e20f2d97..a661f496e4e 100644
--- a/src/ucp/wireup/select.c
+++ b/src/ucp/wireup/select.c
@@ -1231,9 +1231,7 @@ ucp_wireup_iface_avail_bandwidth(const ucp_worker_iface_t *wiface,
     double eps                = 1e-3;
     double local_bw, remote_bw;
 
-    local_bw = ucp_wireup_iface_bw_distance(wiface) *
-         ucp_tl_iface_bandwidth_ratio(context, local_dev_count[dev_index],
-                                      wiface->attr.dev_num_paths);
+    local_bw = ucp_wireup_iface_bw_distance(wiface);
 
     if (remote_addr->iface_attr.addr_version == UCP_OBJECT_VERSION_V2) {
         /* FP8 is a lossy compression method, so in order to create a symmetric
@@ -1241,6 +1239,13 @@ ucp_wireup_iface_avail_bandwidth(const ucp_worker_iface_t *wiface,
         local_bw = ucp_wireup_fp8_pack_unpack_bw(local_bw);
     }
 
+    /* Apply dev num paths ratio after fp8 pack/unpack to make sure it is not
+     * neglected because of fp8 inaccuracy
+     */
+    local_bw *= ucp_tl_iface_bandwidth_ratio(
+                   context, local_dev_count[dev_index],
+                   wiface->attr.dev_num_paths);
+
     remote_bw = remote_addr->iface_attr.bandwidth *
                 ucp_tl_iface_bandwidth_ratio(
                     context, remote_dev_count[remote_addr->dev_index],
@@ -1412,15 +1417,23 @@ ucp_wireup_is_md_map_count_valid(ucp_context_h context, ucp_md_map_t md_map)
 
 static double ucp_wireup_get_lane_bw(ucp_worker_h worker,
                                      const ucp_wireup_select_info_t *sinfo,
-                                     const ucp_address_entry_t *address)
+                                     const ucp_address_entry_t *address_list)
 {
     ucp_context_h context = worker->context;
     const uct_iface_attr_t *iface_attr;
+    const ucp_address_entry_t *address;
     double bw_local, bw_remote;
 
     iface_attr = ucp_worker_iface_get_attr(worker, sinfo->rsc_index);
     bw_local   = ucp_tl_iface_bandwidth(context, &iface_attr->bandwidth);
-    bw_remote  = address[sinfo->addr_index].iface_attr.bandwidth;
+    address    = &address_list[sinfo->addr_index];
+    bw_remote  = address->iface_attr.bandwidth;
+
+    if (address->iface_attr.addr_version == UCP_OBJECT_VERSION_V2) {
+        /* FP8 is a lossy compression method, so in order to create a symmetric
+         * calculation we pack/unpack the local bandwidth as well */
+        bw_local = ucp_wireup_fp8_pack_unpack_bw(bw_local);
+    }
 
     return ucs_min(bw_local, bw_remote);
 }