diff --git a/package/libpfm4/libpfm4.mk b/package/libpfm4/libpfm4.mk
index 11106720aa..e2fff80882 100644
--- a/package/libpfm4/libpfm4.mk
+++ b/package/libpfm4/libpfm4.mk
@@ -11,7 +11,9 @@ LIBPFM4_LICENSE = libpfm4 license
 LIBPFM4_LICENSE_FILES = COPYING
 LIBPFM4_INSTALL_STAGING = YES
 
-LIBPFM4_FLAGS = SYS=Linux ARCH=$(BR2_ARCH) CC="$(TARGET_CC)" LDCONFIG=true
+LIBPFM4_FLAGS = SYS=Linux ARCH=$(BR2_ARCH) \
+	CC="$(TARGET_CC)" LDCONFIG=true \
+	CONFIG_PFMLIB_SHARED=$(if $(BR2_STATIC_LIBS),n,y)
 
 define LIBPFM4_BUILD_CMDS
 	$(MAKE) -C $(@D) $(LIBPFM4_FLAGS)