diff --git a/mypy/stubgenc.py b/mypy/stubgenc.py
index d86818adf2a43..aab57350c738c 100755
--- a/mypy/stubgenc.py
+++ b/mypy/stubgenc.py
@@ -860,7 +860,11 @@ def generate_class_stub(
                     ro_properties,
                     class_info,
                 )
-            elif inspect.isclass(value) and self.is_defined_in_module(value):
+            elif (
+                inspect.isclass(value)
+                and self.is_defined_in_module(value)
+                and not is_enclosing_class(value, class_info)
+            ):
                 self.generate_class_stub(attr, value, types, parent_class=class_info)
             else:
                 attrs.append((attr, value))
@@ -920,6 +924,19 @@ def generate_variable_stub(self, name: str, obj: object, output: list[str]) -> N
         output.append(f"{name}: {type_str}")
 
 
+def is_enclosing_class(cls: type, class_info: ClassInfo | None) -> bool:
+    """Is 'cls' the class we are generating a stub for, or one that encloses it?
+
+    Such an attribute is a back reference (e.g. 'C.C = C', or two classes in the
+    same module exposing each other). Recursing into it would never terminate.
+    """
+    while class_info is not None:
+        if class_info.cls is cls:
+            return True
+        class_info = class_info.parent
+    return False
+
+
 def method_name_sort_key(name: str) -> tuple[int, str]:
     """Sort methods in classes in a typical order.
 
diff --git a/mypy/test/teststubgen.py b/mypy/test/teststubgen.py
index 605409f995232..802ea743b36e4 100644
--- a/mypy/test/teststubgen.py
+++ b/mypy/test/teststubgen.py
@@ -953,6 +953,25 @@ class TestClass(TestBaseClass):
     pass
 
 
+class SelfReferential:
+    """A class that exposes itself as one of its own attributes."""
+
+
+SelfReferential.SelfReferential = SelfReferential  # type: ignore[attr-defined]
+
+
+class MutualParent:
+    """A class that exposes a sibling which points back at it."""
+
+
+class MutualChild:
+    """The sibling of MutualParent."""
+
+
+MutualParent.MutualChild = MutualChild  # type: ignore[attr-defined]
+MutualChild.MutualParent = MutualParent  # type: ignore[attr-defined]
+
+
 class StubgencSuite(unittest.TestCase):
     """Unit tests for stub generation from C modules using introspection.
 
@@ -1004,6 +1023,22 @@ def test_generate_class_stub_no_crash_for_object(self) -> None:
         assert_equal(gen.get_imports().splitlines(), [])
         assert_equal(output[0], "class alias:")
 
+    def test_generate_class_stub_no_crash_for_self_referential_class(self) -> None:
+        output: list[str] = []
+        mod = ModuleType(SelfReferential.__module__, "")
+        gen = InspectionStubGenerator(mod.__name__, known_modules=[mod.__name__], module=mod)
+
+        gen.generate_class_stub("SelfReferential", SelfReferential, output)
+        assert_equal(output[0], "class SelfReferential:")
+
+    def test_generate_class_stub_no_crash_for_mutually_referential_classes(self) -> None:
+        output: list[str] = []
+        mod = ModuleType(MutualParent.__module__, "")
+        gen = InspectionStubGenerator(mod.__name__, known_modules=[mod.__name__], module=mod)
+
+        gen.generate_class_stub("MutualParent", MutualParent, output)
+        assert_equal(output[0], "class MutualParent:")
+
     def test_generate_class_stub_variable_type_annotation(self) -> None:
         # This class mimics the stubgen unit test 'testClassVariable'
         class TestClassVariableCls: