diff --git a/Documentation/admin-guide/mm/transhuge.rst b/Documentation/admin-guide/mm/transhuge.rst
index bd5714547cee..f79ebbcd6725 100644
--- a/Documentation/admin-guide/mm/transhuge.rst
+++ b/Documentation/admin-guide/mm/transhuge.rst
@@ -319,6 +319,10 @@ thp_file_alloc
 	is incremented every time a file huge page is successfully
 	allocated.
 
+thp_file_fallback
+	is incremented if a file huge page is attempted to be allocated
+	but fails and instead falls back to using small pages.
+
 thp_file_mapped
 	is incremented every time a file huge page is mapped into
 	user address space.
diff --git a/include/linux/vm_event_item.h b/include/linux/vm_event_item.h
index 47a3441cf4c4..41a4c7568748 100644
--- a/include/linux/vm_event_item.h
+++ b/include/linux/vm_event_item.h
@@ -76,6 +76,7 @@ enum vm_event_item { PGPGIN, PGPGOUT, PSWPIN, PSWPOUT,
 		THP_COLLAPSE_ALLOC,
 		THP_COLLAPSE_ALLOC_FAILED,
 		THP_FILE_ALLOC,
+		THP_FILE_FALLBACK,
 		THP_FILE_MAPPED,
 		THP_SPLIT_PAGE,
 		THP_SPLIT_PAGE_FAILED,
@@ -115,6 +116,7 @@ enum vm_event_item { PGPGIN, PGPGOUT, PSWPIN, PSWPOUT,
 
 #ifndef CONFIG_TRANSPARENT_HUGEPAGE
 #define THP_FILE_ALLOC ({ BUILD_BUG(); 0; })
+#define THP_FILE_FALLBACK ({ BUILD_BUG(); 0; })
 #define THP_FILE_MAPPED ({ BUILD_BUG(); 0; })
 #endif
 
diff --git a/mm/shmem.c b/mm/shmem.c
index f47347cb30f6..8160d0762bf5 100644
--- a/mm/shmem.c
+++ b/mm/shmem.c
@@ -1472,9 +1472,6 @@ static struct page *shmem_alloc_hugepage(gfp_t gfp,
 	pgoff_t hindex;
 	struct page *page;
 
-	if (!IS_ENABLED(CONFIG_TRANSPARENT_HUGE_PAGECACHE))
-		return NULL;
-
 	hindex = round_down(index, HPAGE_PMD_NR);
 	if (xa_find(&mapping->i_pages, &hindex, hindex + HPAGE_PMD_NR - 1,
 								XA_PRESENT))
@@ -1486,6 +1483,8 @@ static struct page *shmem_alloc_hugepage(gfp_t gfp,
 	shmem_pseudo_vma_destroy(&pvma);
 	if (page)
 		prep_transhuge_page(page);
+	else
+		count_vm_event(THP_FILE_FALLBACK);
 	return page;
 }
 
@@ -1871,8 +1870,11 @@ alloc_nohuge:
 
 	error = mem_cgroup_try_charge_delay(page, charge_mm, gfp, &memcg,
 					    PageTransHuge(page));
-	if (error)
+	if (error) {
+		if (PageTransHuge(page))
+			count_vm_event(THP_FILE_FALLBACK);
 		goto unacct;
+	}
 	error = shmem_add_to_page_cache(page, mapping, hindex,
 					NULL, gfp & GFP_RECLAIM_MASK);
 	if (error) {
diff --git a/mm/vmstat.c b/mm/vmstat.c
index c9c0d71f917f..ebc1dcaa0539 100644
--- a/mm/vmstat.c
+++ b/mm/vmstat.c
@@ -1259,6 +1259,7 @@ const char * const vmstat_text[] = {
 	"thp_collapse_alloc",
 	"thp_collapse_alloc_failed",
 	"thp_file_alloc",
+	"thp_file_fallback",
 	"thp_file_mapped",
 	"thp_split_page",
 	"thp_split_page_failed",