diff --git a/tools/perf/util/parse-events.c b/tools/perf/util/parse-events.c
index bc8b7e6..ae7f591 100644
--- a/tools/perf/util/parse-events.c
+++ b/tools/perf/util/parse-events.c
@@ -654,10 +654,6 @@
 		return EVT_FAILED;
 	n = hex2u64(str + 1, &config);
 	if (n > 0) {
-		if (str[n+1] == 'p') {
-			attr->precise = 1;
-			n++;
-		}
 		*strp = str + n + 1;
 		attr->type = PERF_TYPE_RAW;
 		attr->config = config;
@@ -692,19 +688,29 @@
 parse_event_modifier(const char **strp, struct perf_event_attr *attr)
 {
 	const char *str = *strp;
-	int eu = 1, ek = 1, eh = 1;
+	int exclude = 0;
+	int eu = 0, ek = 0, eh = 0, precise = 0;
 
 	if (*str++ != ':')
 		return 0;
 	while (*str) {
-		if (*str == 'u')
+		if (*str == 'u') {
+			if (!exclude)
+				exclude = eu = ek = eh = 1;
 			eu = 0;
-		else if (*str == 'k')
+		} else if (*str == 'k') {
+			if (!exclude)
+				exclude = eu = ek = eh = 1;
 			ek = 0;
-		else if (*str == 'h')
+		} else if (*str == 'h') {
+			if (!exclude)
+				exclude = eu = ek = eh = 1;
 			eh = 0;
-		else
+		} else if (*str == 'p') {
+			precise++;
+		} else
 			break;
+
 		++str;
 	}
 	if (str >= *strp + 2) {
@@ -712,6 +718,7 @@
 		attr->exclude_user   = eu;
 		attr->exclude_kernel = ek;
 		attr->exclude_hv     = eh;
+		attr->precise_ip     = precise;
 		return 1;
 	}
 	return 0;