diff --git a/docs/release-notes/version-3.2.md b/docs/release-notes/version-3.2.md
index caaf079b2..b366d7c8f 100644
--- a/docs/release-notes/version-3.2.md
+++ b/docs/release-notes/version-3.2.md
@@ -8,6 +8,7 @@
 * [#9637](https://github.com/netbox-community/netbox/issues/9637) - Add site group field to rack reservation form
 * [#9762](https://github.com/netbox-community/netbox/issues/9762) - Add `nat_outside` column to the IPAddress table
 * [#9825](https://github.com/netbox-community/netbox/issues/9825) - Add contacts column to virtual machines table
+* [#9881](https://github.com/netbox-community/netbox/issues/9881) - Increase granularity in utilization graph values
 
 ### Bug Fixes
 
diff --git a/netbox/utilities/templates/helpers/utilization_graph.html b/netbox/utilities/templates/helpers/utilization_graph.html
index e6829befc..08e4e6f8a 100644
--- a/netbox/utilities/templates/helpers/utilization_graph.html
+++ b/netbox/utilities/templates/helpers/utilization_graph.html
@@ -12,10 +12,10 @@
       class="progress-bar {{ bar_class }}"
       style="width: {{ utilization }}%;"
     >
-      {% if utilization >= 25 %}{{ utilization|floatformat:0 }}%{% endif %}
+      {% if utilization >= 25 %}{{ utilization|floatformat }}%{% endif %}
     </div>
     {% if utilization < 25 %}
-      <span class="ps-1">{{ utilization|floatformat:0 }}%</span>
+      <span class="ps-1">{{ utilization|floatformat }}%</span>
     {% endif %}
   </div>
 {% endif %}