diff --git a/packages/next/src/views/Version/SelectComparison/index.tsx b/packages/next/src/views/Version/SelectComparison/index.tsx
index 82f8ef2958d..37c50742e19 100644
--- a/packages/next/src/views/Version/SelectComparison/index.tsx
+++ b/packages/next/src/views/Version/SelectComparison/index.tsx
@@ -2,7 +2,14 @@
 
 import type { PaginatedDocs, Where } from 'payload'
 
-import { fieldBaseClass, Pill, ReactSelect, useConfig, useTranslation } from '@payloadcms/ui'
+import {
+  fieldBaseClass,
+  Pill,
+  ReactSelect,
+  useConfig,
+  useDocumentInfo,
+  useTranslation,
+} from '@payloadcms/ui'
 import { formatDate } from '@payloadcms/ui/shared'
 import { stringify } from 'qs-esm'
 import React, { useCallback, useEffect, useState } from 'react'
@@ -37,6 +44,8 @@ export const SelectComparison: React.FC<Props> = (props) => {
     },
   } = useConfig()
 
+  const { hasPublishedDoc } = useDocumentInfo()
+
   const [options, setOptions] = useState<
     {
       label: React.ReactNode | string
@@ -109,7 +118,10 @@ export const SelectComparison: React.FC<Props> = (props) => {
             },
             published: {
               currentLabel: t('version:currentPublishedVersion'),
-              latestVersion: latestPublishedVersion,
+              // The latest published version does not necessarily equal the current published version,
+              // because the latest published version might have been unpublished in the meantime.
+              // Hence, we should only use the latest published version if there is a published document.
+              latestVersion: hasPublishedDoc ? latestPublishedVersion : undefined,
               pillStyle: 'success',
               previousLabel: t('version:previouslyPublished'),
             },
diff --git a/packages/next/src/views/Versions/index.tsx b/packages/next/src/views/Versions/index.tsx
index 54e05e00884..744ddfd08bf 100644
--- a/packages/next/src/views/Versions/index.tsx
+++ b/packages/next/src/views/Versions/index.tsx
@@ -85,13 +85,34 @@ export async function VersionsView(props: DocumentViewServerProps) {
           payload,
           status: 'draft',
         })
-        latestPublishedVersion = await getLatestVersion({
-          slug: collectionSlug,
-          type: 'collection',
-          parentID: id,
-          payload,
-          status: 'published',
+        const publishedDoc = await payload.count({
+          collection: collectionSlug,
+          depth: 0,
+          overrideAccess: true,
+          req,
+          where: {
+            id: {
+              equals: id,
+            },
+            _status: {
+              equals: 'published',
+            },
+          },
         })
+
+        // If we pass a latestPublishedVersion to buildVersionColumns,
+        // this will be used to display it as the "current published version".
+        // However, the latest published version might have been unpublished in the meantime.
+        // Hence, we should only pass the latest published version if there is a published document.
+        latestPublishedVersion =
+          publishedDoc.totalDocs > 0 &&
+          (await getLatestVersion({
+            slug: collectionSlug,
+            type: 'collection',
+            parentID: id,
+            payload,
+            status: 'published',
+          }))
       }
     } catch (err) {
       logError({ err, payload })
diff --git a/test/versions/e2e.spec.ts b/test/versions/e2e.spec.ts
index ce20a3d124b..07c55f3ebc9 100644
--- a/test/versions/e2e.spec.ts
+++ b/test/versions/e2e.spec.ts
@@ -201,6 +201,46 @@ describe('Versions', () => {
       await expect(page.locator('#field-title')).toHaveValue('v1')
     })
 
+    test('should show currently published version status in versions view', async () => {
+      const publishedDoc = await payload.create({
+        collection: draftCollectionSlug,
+        data: {
+          _status: 'published',
+          title: 'title',
+          description: 'description',
+        },
+        overrideAccess: true,
+      })
+
+      await page.goto(`${url.edit(publishedDoc.id)}/versions`)
+      await expect(page.locator('main.versions')).toContainText('Current Published Version')
+    })
+
+    test('should show unpublished version status in versions view', async () => {
+      const publishedDoc = await payload.create({
+        collection: draftCollectionSlug,
+        data: {
+          _status: 'published',
+          title: 'title',
+          description: 'description',
+        },
+        overrideAccess: true,
+      })
+
+      // Unpublish the document
+      await payload.update({
+        collection: draftCollectionSlug,
+        id: publishedDoc.id,
+        data: {
+          _status: 'draft',
+        },
+        draft: false,
+      })
+
+      await page.goto(`${url.edit(publishedDoc.id)}/versions`)
+      await expect(page.locator('main.versions')).toContainText('Previously Published')
+    })
+
     test('should show global versions view level action in globals versions view', async () => {
       const global = new AdminUrlUtil(serverURL, draftGlobalSlug)
       await page.goto(`${global.global(draftGlobalSlug)}/versions`)