diff --git a/core/dbt/include/global_project/macros/get_custom_name/get_custom_alias.sql b/core/dbt/include/global_project/macros/get_custom_name/get_custom_alias.sql
index 187d3970d52..ebb3cb41b56 100644
--- a/core/dbt/include/global_project/macros/get_custom_name/get_custom_alias.sql
+++ b/core/dbt/include/global_project/macros/get_custom_name/get_custom_alias.sql
@@ -23,7 +23,7 @@
 
         {{ custom_alias_name | trim }}
 
-    {%- elif node.version -%}
+    {%- elif node.version and not node.is_latest_version -%}
 
         {{ return(node.name ~ "_v" ~ (node.version | replace(".", "_"))) }}