diff --git a/targets/TARGET_STM/TARGET_STM32F1/TARGET_BLUEPILL_F103C8/device/hal_tick.c b/targets/TARGET_STM/TARGET_STM32F1/TARGET_BLUEPILL_F103C8/device/hal_tick.c
index 7e9a884268..d9a2a94362 100644
--- a/targets/TARGET_STM/TARGET_STM32F1/TARGET_BLUEPILL_F103C8/device/hal_tick.c
+++ b/targets/TARGET_STM/TARGET_STM32F1/TARGET_BLUEPILL_F103C8/device/hal_tick.c
@@ -43,10 +43,9 @@ void set_compare(uint16_t count);
 extern volatile uint32_t SlaveCounter;
 extern volatile uint32_t oc_int_part;
 extern volatile uint16_t oc_rem_part;
-extern volatile uint16_t cnt_val;
 
 void timer_irq_handler(void) {
-    cnt_val = TIM_MST->CNT;
+    uint16_t cval = TIM_MST->CNT;
 
     TimMasterHandle.Instance = TIM_MST;
 
@@ -68,7 +67,7 @@ void timer_irq_handler(void) {
             } else {
                 if (oc_int_part > 0) {
                     set_compare(0xFFFF);
-                    oc_rem_part = cnt_val; // To finish the counter loop the next time
+                    oc_rem_part = cval; // To finish the counter loop the next time
                     oc_int_part--;
                 } else {
                     us_ticker_irq_handler();
diff --git a/targets/TARGET_STM/TARGET_STM32F1/TARGET_NUCLEO_F103RB/device/hal_tick.c b/targets/TARGET_STM/TARGET_STM32F1/TARGET_NUCLEO_F103RB/device/hal_tick.c
index 5200b6ee90..0d76d72fe7 100644
--- a/targets/TARGET_STM/TARGET_STM32F1/TARGET_NUCLEO_F103RB/device/hal_tick.c
+++ b/targets/TARGET_STM/TARGET_STM32F1/TARGET_NUCLEO_F103RB/device/hal_tick.c
@@ -43,10 +43,9 @@ void set_compare(uint16_t count);
 extern volatile uint32_t SlaveCounter;
 extern volatile uint32_t oc_int_part;
 extern volatile uint16_t oc_rem_part;
-extern volatile uint16_t cnt_val;
 
 void timer_irq_handler(void) {
-    cnt_val = TIM_MST->CNT;
+    uint16_t cval = TIM_MST->CNT;
 
     TimMasterHandle.Instance = TIM_MST;
 
@@ -68,7 +67,7 @@ void timer_irq_handler(void) {
             } else {
                 if (oc_int_part > 0) {
                     set_compare(0xFFFF);
-                    oc_rem_part = cnt_val; // To finish the counter loop the next time
+                    oc_rem_part = cval; // To finish the counter loop the next time
                     oc_int_part--;
                 } else {
                     us_ticker_irq_handler();
diff --git a/targets/TARGET_STM/TARGET_STM32F1/us_ticker.c b/targets/TARGET_STM/TARGET_STM32F1/us_ticker.c
index 1511a387e0..19a971b479 100644
--- a/targets/TARGET_STM/TARGET_STM32F1/us_ticker.c
+++ b/targets/TARGET_STM/TARGET_STM32F1/us_ticker.c
@@ -38,7 +38,6 @@ static int us_ticker_inited = 0;
 volatile uint32_t SlaveCounter = 0;
 volatile uint32_t oc_int_part = 0;
 volatile uint16_t oc_rem_part = 0;
-volatile uint16_t cnt_val = 0;
 
 void set_compare(uint16_t count)
 {
@@ -59,15 +58,24 @@ void us_ticker_init(void)
 
 uint32_t us_ticker_read()
 {
-    uint32_t counter;
+    uint32_t counter, counter2;
     if (!us_ticker_inited) us_ticker_init();
-
-    //Current value of TIM_MST->CNT is stored in cnt_val and is
-    //updated in interrupt context
+    // A situation might appear when Master overflows right after Slave is read and before the
+    // new (overflowed) value of Master is read. Which would make the code below consider the
+    // previous (incorrect) value of Slave and the new value of Master, which would return a
+    // value in the past. Avoid this by computing consecutive values of the timer until they
+    // are properly ordered.
     counter = (uint32_t)(SlaveCounter << 16);
-    counter += cnt_val;
-
-    return counter;
+    counter += TIM_MST->CNT;
+    while (1) {
+        counter2 = (uint32_t)(SlaveCounter << 16);
+        counter2 += TIM_MST->CNT;
+        if (counter2 > counter) {
+            break;
+        }
+        counter = counter2;
+    }
+    return counter2;
 }
 
 void us_ticker_set_interrupt(timestamp_t timestamp)