diff --git a/homeassistant/components/compensation/config_flow.py b/homeassistant/components/compensation/config_flow.py
index b25f28c1867f..86445cedcd76 100644
--- a/homeassistant/components/compensation/config_flow.py
+++ b/homeassistant/components/compensation/config_flow.py
@@ -65,6 +65,7 @@ async def get_options_schema(handler: SchemaCommonFlowHandler) -> vol.Schema:
                                 description_field="compensated_value",
                                 multiple=True,
                                 translation_key=CONF_DATAPOINTS,
+                                overview_labels=False,
                                 fields={
                                     CONF_UNCOMPENSATED_VALUE: ObjectSelectorField(
                                         required=True,
diff --git a/homeassistant/helpers/selector.py b/homeassistant/helpers/selector.py
index 284174260e17..1898374511d5 100644
--- a/homeassistant/helpers/selector.py
+++ b/homeassistant/helpers/selector.py
@@ -1641,6 +1641,7 @@ class ObjectSelectorConfig(BaseSelectorConfig, total=False):
     label_field: str
     description_field: str
     translation_key: str
+    overview_labels: bool
 
 
 @SELECTORS.register("object")
@@ -1662,6 +1663,7 @@ class ObjectSelector(Selector[ObjectSelectorConfig]):
             vol.Optional("label_field"): str,
             vol.Optional("description_field"): str,
             vol.Optional("translation_key"): str,
+            vol.Optional("overview_labels", default=False): bool,
         }
     )