diff --git a/v2/pkg/engine/plan/cost.go b/v2/pkg/engine/plan/cost.go
index b4e08668a6..fb701378ff 100644
--- a/v2/pkg/engine/plan/cost.go
+++ b/v2/pkg/engine/plan/cost.go
@@ -574,10 +574,12 @@ func (node *CostTreeNode) costsAndMultiplier(configs map[DSHash]*DataSourceCostC
 		totalCount, ok := actualListSizes[node.jsonPath]
 		if ok && totalCount != 0 {
 			parentCount := 1
-			if lastDot := strings.LastIndex(node.jsonPath, "."); lastDot != -1 {
-				parentPath := node.jsonPath[:lastDot]
-				if pc, found := actualListSizes[parentPath]; found && pc > 0 {
-					parentCount = pc
+			for p := node.parent; p != nil; p = p.parent {
+				if p.returnsListType {
+					if pc, found := actualListSizes[p.jsonPath]; found && pc > 0 {
+						parentCount = pc
+					}
+					break
 				}
 			}
 			// We compute average to avoid double counting for nested lists
diff --git a/v2/pkg/engine/plan/cost_sized_fields_test.go b/v2/pkg/engine/plan/cost_sized_fields_test.go
new file mode 100644
index 0000000000..17843bc15e
--- /dev/null
+++ b/v2/pkg/engine/plan/cost_sized_fields_test.go
@@ -0,0 +1,107 @@
+package plan
+
+import (
+	"testing"
+
+	"github.com/stretchr/testify/assert"
+)
+
+// TestActualCost_SizedFieldsParentNotTracked verifies that the actual cost of a multi-entity
+// query does not exceed the sum of costs when each entity is queried individually.
+//
+// When a non-list wrapper field (e.g. items_page: ItemsPage!) is annotated with
+// @listSize(sizedFields: ["items"]), its occurrences are not recorded in actualListSizes
+// because it does not return a list type. This causes the averaging denominator for the
+// child list multiplier to default to 1 (total items) instead of the number of parent
+// field occurrences, inflating the combined cost.
+//
+// Schema:
+//
+//	type Query {
+//	    boards(ids: [ID!], limit: Int): [Board!]! @listSize(slicingArguments: ["limit"]) @cost(weight: 10)
+//	}
+//	type Board {
+//	    id: ID!
+//	    items_page(limit: Int!): ItemsPage! @listSize(sizedFields: ["items"]) @cost(weight: 10)
+//	}
+//	type ItemsPage {
+//	    items: [Item!]! @cost(weight: 10)
+//	}
+//	type Item {
+//	    column_values: [ColumnValue!]!
+//	}
+//	type ColumnValue { id: ID! }
+//
+// Query:
+//
+//	boards(limit:4) {
+//		items_page(limit:1) {
+//			items {
+//				column_values {
+//					id
+//				}
+//			}
+//		}
+//	}
+func TestActualCost_SizedFieldsParentNotTracked(t *testing.T) {
+	const dsHash DSHash = 1
+
+	costCfg := &DataSourceCostConfig{
+		Weights: map[FieldCoordinate]*FieldCost{
+			{TypeName: "Query", FieldName: "boards"}:     {HasWeight: true, Weight: 10},
+			{TypeName: "Board", FieldName: "items_page"}: {HasWeight: true, Weight: 10},
+			{TypeName: "ItemsPage", FieldName: "items"}:  {HasWeight: true, Weight: 10},
+		},
+		ListSizes: map[FieldCoordinate]*FieldListSize{
+			{TypeName: "Query", FieldName: "boards"}:     {SlicingArguments: []string{"limit"}},
+			{TypeName: "Board", FieldName: "items_page"}: {SizedFields: []string{"items"}},
+		},
+		Types: map[string]int{},
+	}
+
+	newCalc := func() *CostCalculator {
+		root := &CostTreeNode{fieldCoords: FieldCoordinate{"_none", "_root"}}
+		boards := &CostTreeNode{parent: root, dataSourceHashes: []DSHash{dsHash}, fieldCoords: FieldCoordinate{"Query", "boards"}, returnsListType: true, jsonPath: "boards"}
+		itemsPage := &CostTreeNode{parent: boards, dataSourceHashes: []DSHash{dsHash}, fieldCoords: FieldCoordinate{"Board", "items_page"}, returnsListType: false, jsonPath: "boards.items_page"}
+		items := &CostTreeNode{parent: itemsPage, dataSourceHashes: []DSHash{dsHash}, fieldCoords: FieldCoordinate{"ItemsPage", "items"}, returnsListType: true, jsonPath: "boards.items_page.items"}
+		columnValues := &CostTreeNode{parent: items, dataSourceHashes: []DSHash{dsHash}, fieldCoords: FieldCoordinate{"Item", "column_values"}, returnsListType: true, jsonPath: "boards.items_page.items.column_values"}
+		id := &CostTreeNode{parent: columnValues, dataSourceHashes: []DSHash{dsHash}, fieldCoords: FieldCoordinate{"ColumnValue", "id"}, returnsSimpleType: true, jsonPath: "boards.items_page.items.column_values.id"}
+
+		columnValues.children = []*CostTreeNode{id}
+		items.children = []*CostTreeNode{columnValues}
+		itemsPage.children = []*CostTreeNode{items}
+		boards.children = []*CostTreeNode{itemsPage}
+		root.children = []*CostTreeNode{boards}
+
+		return &CostCalculator{
+			tree:            root,
+			costConfigs:     map[DSHash]*DataSourceCostConfig{dsHash: costCfg},
+			defaultListSize: 1,
+		}
+	}
+
+	t.Run("combined actual cost should not exceed sum of separate costs", func(t *testing.T) {
+		// 4 boards in one request; A and C have 0 items, B has 1 item (11 cv), D has 1 item (12 cv).
+		combined := newCalc().ActualCost(nil, map[string]int{
+			"boards":                                4,
+			"boards.items_page.items":               2,
+			"boards.items_page.items.column_values": 23,
+		})
+
+		boardA := newCalc().ActualCost(nil, map[string]int{"boards": 1})
+		boardB := newCalc().ActualCost(nil, map[string]int{
+			"boards": 1, "boards.items_page.items": 1, "boards.items_page.items.column_values": 11,
+		})
+		boardC := newCalc().ActualCost(nil, map[string]int{"boards": 1})
+		boardD := newCalc().ActualCost(nil, map[string]int{
+			"boards": 1, "boards.items_page.items": 1, "boards.items_page.items.column_values": 12,
+		})
+		sumSeparate := boardA + boardB + boardC + boardD
+
+		assert.Equal(t, 41, boardB) // board with 1 item and 11 column values
+		assert.Equal(t, 42, boardD) // board with 1 item and 12 column values
+		assert.Equal(t, 124, combined)
+		// Batching multiple entities into one request should never cost more than running them individually
+		assert.LessOrEqual(t, combined, sumSeparate)
+	})
+}