diff --git a/packages/components/select-v2/src/select-dropdown.vue b/packages/components/select-v2/src/select-dropdown.vue
index d4204a43db..7d3fb1e7c0 100644
--- a/packages/components/select-v2/src/select-dropdown.vue
+++ b/packages/components/select-v2/src/select-dropdown.vue
@@ -82,10 +82,11 @@ export default defineComponent({
     }
 
     const isItemSelected = (modelValue: any[] | any, target: Option) => {
+      const { valueKey } = select.props
       if (select.props.multiple) {
-        return contains(modelValue, target.value)
+        return contains(modelValue, get(target, valueKey))
       }
-      return isEqual(modelValue, target.value)
+      return isEqual(modelValue, get(target, valueKey))
     }
 
     const isItemDisabled = (modelValue: any[] | any, selected: boolean) => {
diff --git a/packages/components/select-v2/src/useSelect.ts b/packages/components/select-v2/src/useSelect.ts
index 1df3f126d1..365b95e34c 100644
--- a/packages/components/select-v2/src/useSelect.ts
+++ b/packages/components/select-v2/src/useSelect.ts
@@ -451,7 +451,8 @@ const useSelect = (props: ExtractPropTypes<typeof SelectProps>, emit) => {
   }
 
   const deleteTag = (event: MouseEvent, tag: Option) => {
-    const index = (props.modelValue as Array<any>).indexOf(tag.value)
+    const { valueKey } = props
+    const index = (props.modelValue as Array<any>).indexOf(get(tag, valueKey))
 
     if (index > -1 && !selectDisabled.value) {
       const value = [
@@ -460,7 +461,7 @@ const useSelect = (props: ExtractPropTypes<typeof SelectProps>, emit) => {
       ]
       states.cachedOptions.splice(index, 1)
       update(value)
-      emit('remove-tag', tag.value)
+      emit('remove-tag', get(tag, valueKey))
       states.softFocus = true
       removeNewOption(tag)
       return nextTick(focusAndUpdatePopup)