diff --git a/lib/internal/event_target.js b/lib/internal/event_target.js
index a64360df3caaa9..ce867cc1e35793 100644
--- a/lib/internal/event_target.js
+++ b/lib/internal/event_target.js
@@ -47,6 +47,7 @@ const {
 } = EventEmitter;
 
 const kEvents = Symbol('kEvents');
+const kIsBeingDispatched = Symbol('kIsBeingDispatched');
 const kStop = Symbol('kStop');
 const kTarget = Symbol('kTarget');
 const kHandlers = Symbol('khandlers');
@@ -105,6 +106,7 @@ class Event {
       configurable: false
     });
     this[kTarget] = null;
+    this[kIsBeingDispatched] = false;
   }
 
   [customInspectSymbol](depth, options) {
@@ -151,12 +153,12 @@ class Event {
   // These are not supported in Node.js and are provided purely for
   // API completeness.
 
-  composedPath() { return this[kTarget] ? [this[kTarget]] : []; }
+  composedPath() { return this[kIsBeingDispatched] ? [this[kTarget]] : []; }
   get returnValue() { return !this.defaultPrevented; }
   get bubbles() { return this[kBubbles]; }
   get composed() { return this[kComposed]; }
   get eventPhase() {
-    return this[kTarget] ? Event.AT_TARGET : Event.NONE;
+    return this[kIsBeingDispatched] ? Event.AT_TARGET : Event.NONE;
   }
   get cancelBubble() { return this[kPropagationStopped]; }
   set cancelBubble(value) {
@@ -397,7 +399,7 @@ class EventTarget {
     if (!isEventTarget(this))
       throw new ERR_INVALID_THIS('EventTarget');
 
-    if (event[kTarget] !== null)
+    if (event[kIsBeingDispatched])
       throw new ERR_EVENT_RECURSION(event.type);
 
     this[kHybridDispatch](event, event.type, event);
@@ -410,11 +412,14 @@ class EventTarget {
       if (event === undefined) {
         event = this[kCreateEvent](nodeValue, type);
         event[kTarget] = this;
+        event[kIsBeingDispatched] = true;
       }
       return event;
     };
-    if (event !== undefined)
+    if (event !== undefined) {
       event[kTarget] = this;
+      event[kIsBeingDispatched] = true;
+    }
 
     const root = this[kEvents].get(type);
     if (root === undefined || root.next === undefined)
@@ -453,6 +458,9 @@ class EventTarget {
         let result;
         if (callback) {
           result = FunctionPrototypeCall(callback, this, arg);
+          if (!handler.isNodeStyleListener) {
+            arg[kIsBeingDispatched] = false;
+          }
         }
         if (result !== undefined && result !== null)
           addCatch(result);
@@ -464,7 +472,7 @@ class EventTarget {
     }
 
     if (event !== undefined)
-      event[kTarget] = undefined;
+      event[kIsBeingDispatched] = false;
   }
 
   [kCreateEvent](nodeValue, type) {
diff --git a/test/parallel/test-eventtarget.js b/test/parallel/test-eventtarget.js
index ffdd21a28f5743..cfad9c60a32c01 100644
--- a/test/parallel/test-eventtarget.js
+++ b/test/parallel/test-eventtarget.js
@@ -162,6 +162,36 @@ let asyncTest = Promise.resolve();
   eventTarget.dispatchEvent(ev);
 }
 
+{
+  // Same event dispatched multiple times.
+  const event = new Event('foo');
+  const eventTarget1 = new EventTarget();
+  const eventTarget2 = new EventTarget();
+
+  eventTarget1.addEventListener('foo', common.mustCall((event) => {
+    strictEqual(event.eventPhase, Event.AT_TARGET);
+    strictEqual(event.target, eventTarget1);
+    deepStrictEqual(event.composedPath(), [eventTarget1]);
+  }));
+
+  eventTarget2.addEventListener('foo', common.mustCall((event) => {
+    strictEqual(event.eventPhase, Event.AT_TARGET);
+    strictEqual(event.target, eventTarget2);
+    deepStrictEqual(event.composedPath(), [eventTarget2]);
+  }));
+
+  eventTarget1.dispatchEvent(event);
+  strictEqual(event.eventPhase, Event.NONE);
+  strictEqual(event.target, eventTarget1);
+  deepStrictEqual(event.composedPath(), []);
+
+
+  eventTarget2.dispatchEvent(event);
+  strictEqual(event.eventPhase, Event.NONE);
+  strictEqual(event.target, eventTarget2);
+  deepStrictEqual(event.composedPath(), []);
+}
+
 {
   const eventTarget = new EventTarget();
   const event = new Event('foo', { cancelable: true });