diff --git a/hw/kvm/clock.c b/hw/kvm/clock.c
index 824b978..f3427eb 100644
--- a/hw/kvm/clock.c
+++ b/hw/kvm/clock.c
@@ -71,18 +71,19 @@ static void kvmclock_vm_state_change(void *opaque, int running,
 
     if (running) {
         s->clock_valid = false;
+        return;
+    }
 
-        if (!cap_clock_ctrl) {
-            return;
-        }
-        for (penv = first_cpu; penv != NULL; penv = penv->next_cpu) {
-            ret = kvm_vcpu_ioctl(penv, KVM_KVMCLOCK_CTRL, 0);
-            if (ret) {
-                if (ret != -EINVAL) {
-                    fprintf(stderr, "%s: %s\n", __func__, strerror(-ret));
-                }
-                return;
+    if (!cap_clock_ctrl) {
+        return;
+    }
+    for (penv = first_cpu; penv != NULL; penv = penv->next_cpu) {
+        ret = kvm_vcpu_ioctl(penv, KVM_KVMCLOCK_CTRL, 0);
+        if (ret) {
+            if (ret != -EINVAL) {
+                fprintf(stderr, "%s: %s\n", __func__, strerror(-ret));
             }
+            return;
         }
     }
 }