diff --git a/src/Core/Components/List/FluentSelect.razor.cs b/src/Core/Components/List/FluentSelect.razor.cs
index 08541e3879..3f7e349bd1 100644
--- a/src/Core/Components/List/FluentSelect.razor.cs
+++ b/src/Core/Components/List/FluentSelect.razor.cs
@@ -24,7 +24,7 @@ public partial class FluentSelect<TOption> : ListComponentBase<TOption> where TO
         .AddStyle($"#{Id}::part(selected-value)", "white-space", "nowrap")
         .AddStyle($"#{Id}::part(selected-value)", "overflow", "hidden")
         .AddStyle($"#{Id}::part(selected-value)", "text-overflow", "ellipsis")
-        .AddStyle($"#{Id}::part(selected-value)", "color", "var(--input-placeholder-rest)", when: !string.IsNullOrEmpty(Placeholder) && SelectedOption is null)
+        .AddStyle($"#{Id}::part(selected-value)", "color", "var(--input-placeholder-rest)", when: !string.IsNullOrEmpty(Placeholder) && SelectedOption is null && string.IsNullOrEmpty(Value) && SelectedOptions is null)
         .BuildMarkupString();
 
     protected override string? StyleValue => new StyleBuilder(base.StyleValue)