diff --git a/homeassistant/components/unifiprotect/sensor.py b/homeassistant/components/unifiprotect/sensor.py
index 0fcd4f5853d..ea2c84bb128 100644
--- a/homeassistant/components/unifiprotect/sensor.py
+++ b/homeassistant/components/unifiprotect/sensor.py
@@ -2,9 +2,10 @@
 
 from __future__ import annotations
 
-from collections.abc import Sequence
+from collections.abc import Callable, Sequence
 from dataclasses import dataclass
 from datetime import datetime
+from functools import partial
 import logging
 from typing import Any
 
@@ -62,12 +63,19 @@ class ProtectSensorEntityDescription(
 
     precision: int | None = None
 
-    def get_ufp_value(self, obj: T) -> Any:
-        """Return value from UniFi Protect device."""
-        value = super().get_ufp_value(obj)
-        if self.precision and value is not None:
-            return round(value, self.precision)
-        return value
+    def __post_init__(self) -> None:
+        """Ensure values are rounded if precision is set."""
+        super().__post_init__()
+        if precision := self.precision:
+            object.__setattr__(
+                self,
+                "get_ufp_value",
+                partial(self._rounded_value, precision, self.get_ufp_value),
+            )
+
+    def _rounded_value(self, precision: int, getter: Callable[[T], Any], obj: T) -> Any:
+        """Round value to precision if set."""
+        return None if (v := getter(obj)) is None else round(v, precision)
 
 
 @dataclass(frozen=True, kw_only=True)
diff --git a/tests/components/unifiprotect/test_sensor.py b/tests/components/unifiprotect/test_sensor.py
index 1a1374390ae..a3155376a05 100644
--- a/tests/components/unifiprotect/test_sensor.py
+++ b/tests/components/unifiprotect/test_sensor.py
@@ -508,10 +508,10 @@ async def test_sensor_update_alarm_with_last_trip_time(
     assert state.attributes[ATTR_ATTRIBUTION] == DEFAULT_ATTRIBUTION
 
 
-async def test_camera_update_licenseplate(
+async def test_camera_update_license_plate(
     hass: HomeAssistant, ufp: MockUFPFixture, camera: Camera, fixed_now: datetime
 ) -> None:
-    """Test sensor motion entity."""
+    """Test license plate sensor."""
 
     camera.feature_flags.smart_detect_types.append(SmartDetectObjectType.LICENSE_PLATE)
     camera.feature_flags.has_smart_detect = True
@@ -560,3 +560,17 @@ async def test_camera_update_licenseplate(
     state = hass.states.get(entity_id)
     assert state
     assert state.state == "ABCD1234"
+
+
+async def test_sensor_precision(
+    hass: HomeAssistant, ufp: MockUFPFixture, sensor_all: Sensor, fixed_now: datetime
+) -> None:
+    """Test sensor precision value is respected."""
+
+    await init_entry(hass, ufp, [sensor_all])
+    assert_entity_counts(hass, Platform.SENSOR, 22, 14)
+    nvr: NVR = ufp.api.bootstrap.nvr
+
+    _, entity_id = ids_from_device_description(Platform.SENSOR, nvr, NVR_SENSORS[6])
+
+    assert hass.states.get(entity_id).state == "17.49"