diff --git a/NEWS b/NEWS
index c883ecb1b..5459f1c56 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,7 @@
+1.8.11.dev0
+ * #851: Fix lack of file extraction when using "extract --strip-components all" on a path with a
+   leading slash.
+
 1.8.10
  * #656 (beta): Add a "spot" consistency check that compares file counts and contents between your
    source files and the latest archive, ensuring they fall within configured tolerances. This can
diff --git a/borgmatic/borg/extract.py b/borgmatic/borg/extract.py
index 966e29713..e50a487fe 100644
--- a/borgmatic/borg/extract.py
+++ b/borgmatic/borg/extract.py
@@ -104,8 +104,13 @@ def extract_archive(
         if not paths:
             raise ValueError('The --strip-components flag with "all" requires at least one --path')
 
-        # Calculate the maximum number of leading path components of the given paths.
-        strip_components = max(0, *(len(path.split(os.path.sep)) - 1 for path in paths))
+        # Calculate the maximum number of leading path components of the given paths. "if piece"
+        # ignores empty path components, e.g. those resulting from a leading slash. And the "- 1"
+        # is so this doesn't count the final path component, e.g. the filename itself.
+        strip_components = max(
+            0,
+            *(len(tuple(piece for piece in path.split(os.path.sep) if piece)) - 1 for path in paths)
+        )
 
     full_command = (
         (local_path, 'extract')
diff --git a/setup.py b/setup.py
index a8960747a..2985f0618 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import find_packages, setup
 
-VERSION = '1.8.10'
+VERSION = '1.8.11.dev0'
 
 
 setup(
diff --git a/tests/unit/borg/test_extract.py b/tests/unit/borg/test_extract.py
index 191463216..d5c660b37 100644
--- a/tests/unit/borg/test_extract.py
+++ b/tests/unit/borg/test_extract.py
@@ -507,6 +507,39 @@ def test_extract_archive_calls_borg_with_strip_components_calculated_from_all():
     )
 
 
+def test_extract_archive_calls_borg_with_strip_components_calculated_from_all_with_leading_slash():
+    flexmock(module.os.path).should_receive('abspath').and_return('repo')
+    insert_execute_command_mock(
+        (
+            'borg',
+            'extract',
+            '--strip-components',
+            '2',
+            'repo::archive',
+            '/foo/bar/baz.txt',
+            '/foo/bar.txt',
+        )
+    )
+    flexmock(module.feature).should_receive('available').and_return(True)
+    flexmock(module.flags).should_receive('make_repository_archive_flags').and_return(
+        ('repo::archive',)
+    )
+    flexmock(module.borgmatic.config.validate).should_receive(
+        'normalize_repository_path'
+    ).and_return('repo')
+
+    module.extract_archive(
+        dry_run=False,
+        repository='repo',
+        archive='archive',
+        paths=['/foo/bar/baz.txt', '/foo/bar.txt'],
+        config={},
+        local_borg_version='1.2.3',
+        global_arguments=flexmock(log_json=False),
+        strip_components='all',
+    )
+
+
 def test_extract_archive_with_strip_components_all_and_no_paths_raises():
     flexmock(module.os.path).should_receive('abspath').and_return('repo')
     flexmock(module.feature).should_receive('available').and_return(True)