/* protect from getting time before setting now */
        if (ktime_to_ns(time_ref->tv_host)) {
                u64 delta_us;
+               s64 delta_ts = 0;
+
+               /* General case: dev_ts_1 < dev_ts_2 < ts, with:
+                *
+                * - dev_ts_1 = previous sync timestamp
+                * - dev_ts_2 = last sync timestamp
+                * - ts = event timestamp
+                * - ts_period = known sync period (theoretical)
+                *             ~ dev_ts2 - dev_ts1
+                * *but*:
+                *
+                * - time counters wrap (see adapter->ts_used_bits)
+                * - sometimes, dev_ts_1 < ts < dev_ts2
+                *
+                * "normal" case (sync time counters increase):
+                * must take into account case when ts wraps (tsw)
+                *
+                *      < ts_period > <          >
+                *     |             |            |
+                *  ---+--------+----+-------0-+--+-->
+                *     ts_dev_1 |    ts_dev_2  |
+                *              ts             tsw
+                */
+               if (time_ref->ts_dev_1 < time_ref->ts_dev_2) {
+                       /* case when event time (tsw) wraps */
+                       if (ts < time_ref->ts_dev_1)
+                               delta_ts = 1 << time_ref->adapter->ts_used_bits;
+
+               /* Otherwise, sync time counter (ts_dev_2) has wrapped:
+                * handle case when event time (tsn) hasn't.
+                *
+                *      < ts_period > <          >
+                *     |             |            |
+                *  ---+--------+--0-+---------+--+-->
+                *     ts_dev_1 |    ts_dev_2  |
+                *              tsn            ts
+                */
+               } else if (time_ref->ts_dev_1 < ts) {
+                       delta_ts = -(1 << time_ref->adapter->ts_used_bits);
+               }
 
-               delta_us = ts - time_ref->ts_dev_2;
-               if (ts < time_ref->ts_dev_2)
-                       delta_us &= (1 << time_ref->adapter->ts_used_bits) - 1;
+               /* add delay between last sync and event timestamps */
+               delta_ts += (signed int)(ts - time_ref->ts_dev_2);
 
-               delta_us += time_ref->ts_total;
+               /* add time from beginning to last sync */
+               delta_ts += time_ref->ts_total;
 
-               delta_us *= time_ref->adapter->us_per_ts_scale;
+               /* convert ticks number into microseconds */
+               delta_us = delta_ts * time_ref->adapter->us_per_ts_scale;
                delta_us >>= time_ref->adapter->us_per_ts_shift;
 
                *time = ktime_add_us(time_ref->tv_host_0, delta_us);