diff --git a/sqlglot/parser.py b/sqlglot/parser.py
index ae3f6cde66..65f596a3df 100644
--- a/sqlglot/parser.py
+++ b/sqlglot/parser.py
@@ -3197,7 +3197,7 @@ def _parse_cte(self) -> t.Optional[exp.CTE]:
         else:
             materialized = None
 
-        return self.expression(
+        cte = self.expression(
             exp.CTE,
             this=self._parse_wrapped(self._parse_statement),
             alias=alias,
@@ -3205,6 +3205,11 @@ def _parse_cte(self) -> t.Optional[exp.CTE]:
             comments=comments,
         )
 
+        if isinstance(cte.this, exp.Values):
+            cte.set("this", exp.select("*").from_(exp.alias_(cte.this, "_values", table=True)))
+
+        return cte
+
     def _parse_table_alias(
         self, alias_tokens: t.Optional[t.Collection[TokenType]] = None
     ) -> t.Optional[exp.TableAlias]:
diff --git a/tests/test_transpile.py b/tests/test_transpile.py
index 5e50c3c902..bb8d032f6d 100644
--- a/tests/test_transpile.py
+++ b/tests/test_transpile.py
@@ -668,7 +668,7 @@ def test_with(self):
         )
         self.validate(
             "WITH A(filter) AS (VALUES 1, 2, 3) SELECT * FROM A WHERE filter >= 2",
-            "WITH A(filter) AS (VALUES (1), (2), (3)) SELECT * FROM A WHERE filter >= 2",
+            "WITH A(filter) AS (SELECT * FROM (VALUES (1), (2), (3)) AS _values) SELECT * FROM A WHERE filter >= 2",
             read="presto",
         )
         self.validate(