diff --git a/tests/qht-bench.c b/tests/qht-bench.c
index f492b3a20a..2089e2bed1 100644
--- a/tests/qht-bench.c
+++ b/tests/qht-bench.c
@@ -53,6 +53,7 @@ static unsigned long resize_delay = 1000;
 static double resize_rate; /* 0.0 to 1.0 */
 static unsigned int n_rz_threads = 1;
 static QemuThread *rz_threads;
+static bool precompute_hash;
 
 static double update_rate; /* 0.0 to 1.0 */
 static uint64_t update_threshold;
@@ -101,11 +102,18 @@ static bool is_equal(const void *ap, const void *bp)
     return *a == *b;
 }
 
-static inline uint32_t h(unsigned long v)
+static uint32_t h(unsigned long v)
 {
     return tb_hash_func7(v, 0, 0, 0, 0);
 }
 
+static uint32_t hval(unsigned long v)
+{
+    return v;
+}
+
+static uint32_t (*hfunc)(unsigned long v) = h;
+
 /*
  * From: https://en.wikipedia.org/wiki/Xorshift
  * This is faster than rand_r(), and gives us a wider range (RAND_MAX is only
@@ -149,7 +157,7 @@ static void do_rw(struct thread_info *info)
         bool read;
 
         p = &keys[info->r & (lookup_range - 1)];
-        hash = h(*p);
+        hash = hfunc(*p);
         read = qht_lookup(&ht, p, hash);
         if (read) {
             stats->rd++;
@@ -158,7 +166,7 @@ static void do_rw(struct thread_info *info)
         }
     } else {
         p = &keys[info->r & (update_range - 1)];
-        hash = h(*p);
+        hash = hfunc(*p);
         if (info->write_op) {
             bool written = false;
 
@@ -289,7 +297,9 @@ static void htable_init(void)
     /* avoid allocating memory later by allocating all the keys now */
     keys = g_malloc(sizeof(*keys) * n);
     for (i = 0; i < n; i++) {
-        keys[i] = populate_offset + i;
+        long val = populate_offset + i;
+
+        keys[i] = precompute_hash ? h(val) : hval(val);
     }
 
     /* some sanity checks */
@@ -321,7 +331,7 @@ static void htable_init(void)
 
             r = xorshift64star(r);
             p = &keys[r & (init_range - 1)];
-            hash = h(*p);
+            hash = hfunc(*p);
             if (qht_insert(&ht, p, hash, NULL)) {
                 break;
             }
@@ -412,7 +422,7 @@ static void parse_args(int argc, char *argv[])
     int c;
 
     for (;;) {
-        c = getopt(argc, argv, "d:D:g:k:K:l:hn:N:o:r:Rs:S:u:");
+        c = getopt(argc, argv, "d:D:g:k:K:l:hn:N:o:pr:Rs:S:u:");
         if (c < 0) {
             break;
         }
@@ -451,6 +461,10 @@ static void parse_args(int argc, char *argv[])
         case 'o':
             populate_offset = atol(optarg);
             break;
+        case 'p':
+            precompute_hash = true;
+            hfunc = hval;
+            break;
         case 'r':
             update_range = pow2ceil(atol(optarg));
             break;