diff --git a/packages/components/select-v2/__tests__/select.test.ts b/packages/components/select-v2/__tests__/select.test.ts
index f592934cea..34c6e778e3 100644
--- a/packages/components/select-v2/__tests__/select.test.ts
+++ b/packages/components/select-v2/__tests__/select.test.ts
@@ -478,7 +478,7 @@ describe('Select', () => {
       [undefined, DEFAULT_PLACEHOLDER],
       ['', ''],
       [[], DEFAULT_PLACEHOLDER],
-      [{}, '[object Object]'],
+      [{}, ''],
     ])(
       '[single select] initial value is %s, placeholder is "%s"',
       async (value, placeholder) => {
diff --git a/packages/components/select-v2/src/useSelect.ts b/packages/components/select-v2/src/useSelect.ts
index 06f4b4c0c1..4a3625572b 100644
--- a/packages/components/select-v2/src/useSelect.ts
+++ b/packages/components/select-v2/src/useSelect.ts
@@ -700,7 +700,7 @@ const useSelect = (props: ISelectProps, emit) => {
           states.selectedLabel = getLabel(options[selectedItemIndex])
           updateHoveringIndex(selectedItemIndex)
         } else {
-          states.selectedLabel = `${props.modelValue}`
+          states.selectedLabel = getValueKey(props.modelValue)
         }
       } else {
         states.selectedLabel = ''