diff --git a/netbox/dcim/migrations/0162_devicetype__abs_weight_devicetype_weight_and_more.py b/netbox/dcim/migrations/0162_devicetype__abs_weight_devicetype_weight_and_more.py
index 14e2c9475..1e46b5790 100644
--- a/netbox/dcim/migrations/0162_devicetype__abs_weight_devicetype_weight_and_more.py
+++ b/netbox/dcim/migrations/0162_devicetype__abs_weight_devicetype_weight_and_more.py
@@ -13,7 +13,7 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='devicetype',
             name='_abs_weight',
-            field=models.DecimalField(blank=True, decimal_places=4, max_digits=10, null=True),
+            field=models.DecimalField(blank=True, decimal_places=2, max_digits=10, null=True),
         ),
         migrations.AddField(
             model_name='devicetype',
@@ -28,7 +28,7 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='moduletype',
             name='_abs_weight',
-            field=models.DecimalField(blank=True, decimal_places=4, max_digits=10, null=True),
+            field=models.DecimalField(blank=True, decimal_places=2, max_digits=10, null=True),
         ),
         migrations.AddField(
             model_name='moduletype',
@@ -43,7 +43,7 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='rack',
             name='_abs_weight',
-            field=models.DecimalField(blank=True, decimal_places=4, max_digits=10, null=True),
+            field=models.DecimalField(blank=True, decimal_places=2, max_digits=10, null=True),
         ),
         migrations.AddField(
             model_name='rack',
diff --git a/netbox/dcim/models/mixins.py b/netbox/dcim/models/mixins.py
index 296bacb41..4655c1ec3 100644
--- a/netbox/dcim/models/mixins.py
+++ b/netbox/dcim/models/mixins.py
@@ -16,10 +16,10 @@ class DeviceWeightMixin(models.Model):
         choices=DeviceWeightUnitChoices,
         blank=True,
     )
-    # Stores the normalized length (in meters) for database ordering
+    # Stores the normalized weight (in kilograms) for database ordering
     _abs_weight = models.DecimalField(
         max_digits=10,
-        decimal_places=4,
+        decimal_places=2,
         blank=True,
         null=True
     )
diff --git a/netbox/dcim/models/racks.py b/netbox/dcim/models/racks.py
index f69d4f21d..bc3a52772 100644
--- a/netbox/dcim/models/racks.py
+++ b/netbox/dcim/models/racks.py
@@ -453,8 +453,9 @@ class Rack(NetBoxModel, DeviceWeightMixin):
     def get_total_weight(self):
         total_weight = sum(device.device_type._abs_weight for device in self.devices.exclude(device_type___abs_weight__isnull=True).prefetch_related('device_type'))
         total_weight += sum(module.module_type._abs_weight for module in Module.objects.filter(device__rack=self).exclude(module_type___abs_weight__isnull=True).prefetch_related('module_type'))
-        total_weight += self._abs_weight
-        return total_weight
+        if self._abs_weight:
+            total_weight += self._abs_weight
+        return round(total_weight, 2)
 
 
 class RackReservation(NetBoxModel):
diff --git a/netbox/templates/dcim/rack.html b/netbox/templates/dcim/rack.html
index d19ca80ae..acd72a5d1 100644
--- a/netbox/templates/dcim/rack.html
+++ b/netbox/templates/dcim/rack.html
@@ -196,7 +196,13 @@
                 <table class="table table-hover attr-table">
                     <tr>
                         <th scope="row">Rack Weight</th>
-                        <td>{{ object.weight }} kg</td>
+                        <td>
+                            {% if object.weight %}
+                                {{ object.weight }}
+                            {% else %}
+                                {{ ''|placeholder }}
+                            {% endif %}
+                        </td>
                     </tr>
                     <tr>
                         <th scope="row">Total Weight</th>