diff --git a/make/scripts/fixpath.sh b/make/scripts/fixpath.sh
index 255b41a8680..9c8db7383f2 100644
--- a/make/scripts/fixpath.sh
+++ b/make/scripts/fixpath.sh
@@ -326,7 +326,9 @@ function convert_path() {
     suffix="${BASH_REMATCH[6]}"
 
     # We only believe this is a path if the first part is an existing directory
-    if [[ -d "/$firstdir" ]];  then
+    # and the prefix is not a subdirectory in the current working directory. Remove
+    # any part leading up to a : or = in the prefix before checking.
+    if [[ -d "/$firstdir" && ! -d "${prefix##*:}" && ! -d "${prefix##*=}" ]];  then
       if [[ $ENVROOT == "" ]]; then
         if [[ $QUIET != true ]]; then
           echo fixpath: failure: Path "'"$pathmatch"'" cannot be converted to Windows path >&2