diff --git a/addons/stock_account/wizard/stock_valuation_history.py b/addons/stock_account/wizard/stock_valuation_history.py
index 9a12ff24e1f..6856940c0b6 100644
--- a/addons/stock_account/wizard/stock_valuation_history.py
+++ b/addons/stock_account/wizard/stock_valuation_history.py
@@ -150,8 +150,11 @@ class stock_history(osv.osv):
                 LEFT JOIN
                     product_template ON product_template.id = product_product.product_tmpl_id
                 WHERE quant.qty>0 AND stock_move.state = 'done' AND dest_location.usage in ('internal', 'transit') AND stock_quant_move_rel.quant_id = quant.id
-                AND stock_quant_move_rel.move_id = stock_move.id AND ((source_location.company_id is null and dest_location.company_id is not null) or
-                (source_location.company_id is not null and dest_location.company_id is null) or source_location.company_id != dest_location.company_id)
+                AND stock_quant_move_rel.move_id = stock_move.id AND (
+                    (source_location.company_id is null and dest_location.company_id is not null) or
+                    (source_location.company_id is not null and dest_location.company_id is null) or
+                    source_location.company_id != dest_location.company_id or
+                    source_location.usage not in ('internal', 'transit'))
                 ) UNION
                 (SELECT
                     '-' || stock_move.id::text || '-' || quant.id::text AS id,
@@ -176,8 +179,11 @@ class stock_history(osv.osv):
                 LEFT JOIN
                     product_template ON product_template.id = product_product.product_tmpl_id
                 WHERE quant.qty>0 AND stock_move.state = 'done' AND source_location.usage in ('internal', 'transit') AND stock_quant_move_rel.quant_id = quant.id
-                AND stock_quant_move_rel.move_id = stock_move.id AND ((dest_location.company_id is null and source_location.company_id is not null) or
-                (dest_location.company_id is not null and source_location.company_id is null) or dest_location.company_id != source_location.company_id)
+                AND stock_quant_move_rel.move_id = stock_move.id AND (
+                    (dest_location.company_id is null and source_location.company_id is not null) or
+                    (dest_location.company_id is not null and source_location.company_id is null) or
+                    dest_location.company_id != source_location.company_id or
+                    dest_location.usage not in ('internal', 'transit'))
                 ))
                 AS foo
                 GROUP BY move_id, location_id, company_id, product_id, product_categ_id, date, price_unit_on_quant, source