diff --git a/changelog/794.bugfix.rst b/changelog/794.bugfix.rst
new file mode 100644
index 00000000..890a165d
--- /dev/null
+++ b/changelog/794.bugfix.rst
@@ -0,0 +1,3 @@
+Restore discovery of class-valued hook specifications, such as those used by
+ScanCode's PluginCode, without evaluating descriptors. Read constructor defaults
+when a class supplies the specification signature.
diff --git a/src/pluggy/_decorators.py b/src/pluggy/_decorators.py
index c5574a67..11fdf02d 100644
--- a/src/pluggy/_decorators.py
+++ b/src/pluggy/_decorators.py
@@ -349,7 +349,10 @@ def __init__(self, namespace: _Namespace, name: str, opts: HookspecOpts) -> None
         self.argnames, self.kwargnames = varnames(
             self.function, legacy_noself=legacy_noself
         )
-        defaults = inspect.unwrap(self.function).__defaults__
+        function = self.function
+        if inspect.isclass(function):
+            function = function.__init__
+        defaults = getattr(inspect.unwrap(function), "__defaults__", None)
         self.kwargdefaults = dict(zip(self.kwargnames, defaults or ()))
         self.opts = opts
         self.warn_on_impl = opts.get("warn_on_impl")
diff --git a/src/pluggy/_manager.py b/src/pluggy/_manager.py
index aa54088c..a7571558 100644
--- a/src/pluggy/_manager.py
+++ b/src/pluggy/_manager.py
@@ -383,14 +383,19 @@ def parse_hookspec_opts(
 
         Discovery uses :func:`inspect.getattr_static` so properties and other
         descriptors are not executed. Only functions, classmethods,
-        staticmethods, and bound methods are considered.
+        staticmethods, bound methods, and class-valued specifications are
+        considered.
         """
         found = _static_hook_attr(module_or_class, name)
         if found is None:
-            return None
+            holder = inspect.getattr_static(module_or_class, name, None)
+            if not inspect.isclass(holder):
+                return None
+        else:
+            holder = found[0]
         return cast(
             HookspecOpts | None,
-            _get_marker_opts(found[0], self.project_name + "_spec"),
+            _get_marker_opts(holder, self.project_name + "_spec"),
         )
 
     def get_plugins(self) -> set[Any]:
diff --git a/testing/test_class_hookspec.py b/testing/test_class_hookspec.py
new file mode 100644
index 00000000..cf73eb35
--- /dev/null
+++ b/testing/test_class_hookspec.py
@@ -0,0 +1,103 @@
+from functools import wraps
+import types
+from typing import Any
+
+import pytest
+
+from pluggy import HookimplMarker
+from pluggy import HookspecMarker
+from pluggy import PluginManager
+
+
+hookspec = HookspecMarker("example")
+hookimpl = HookimplMarker("example")
+
+
+@pytest.mark.parametrize("namespace_kind", ["module", "class", "instance"])
+@pytest.mark.parametrize(
+    "constructor", ["implicit", "required", "default", "inherited", "wrapped"]
+)
+def test_class_valued_hookspec(namespace_kind: str, constructor: str) -> None:
+    class Implicit:
+        pass
+
+    class Required:
+        def __init__(self, value: object) -> None:
+            raise AssertionError("constructor executed")  # pragma: no cover
+
+    class Default:
+        def __init__(self, value: object = "fallback") -> None:
+            raise AssertionError("constructor executed")  # pragma: no cover
+
+    class Inherited(Default):
+        pass
+
+    class Wrapped:
+        @wraps(Default.__init__)  # type: ignore[misc]
+        def __init__(self, *args: object, **kwargs: object) -> None:
+            raise AssertionError("constructor executed")  # pragma: no cover
+
+    specification = hookspec(
+        {
+            "implicit": Implicit,
+            "required": Required,
+            "default": Default,
+            "inherited": Inherited,
+            "wrapped": Wrapped,
+        }[constructor]
+    )
+    namespace: Any
+    if namespace_kind == "module":
+        namespace = types.ModuleType("specification")
+        namespace.hook = specification
+    else:
+        namespace_class = type("Specification", (), {"hook": specification})
+        namespace = namespace_class if namespace_kind == "class" else namespace_class()
+    pm = PluginManager("example")
+    pm.add_hookspecs(namespace)
+    spec = pm.hook.hook.spec
+    assert spec is not None
+    assert spec.function is specification
+    assert spec.argnames == (("value",) if constructor == "required" else ())
+    assert spec.kwargnames == (
+        () if constructor in ("implicit", "required") else ("value",)
+    )
+    assert spec.kwargdefaults == (
+        {} if constructor in ("implicit", "required") else {"value": "fallback"}
+    )
+
+    plugin: Any = types.ModuleType("implementation")
+    if constructor == "implicit":
+
+        @hookimpl
+        def empty_hook() -> str:
+            return "control"
+
+        plugin.hook = empty_hook
+        pm.register(plugin)
+        assert pm.hook.hook() == ["control"]
+    else:
+
+        @hookimpl
+        def value_hook(value: object) -> object:
+            return value
+
+        plugin.hook = value_hook
+        pm.register(plugin)
+        assert pm.hook.hook(value="caller") == ["caller"]
+        if constructor != "required":
+            assert pm.hook.hook() == ["fallback"]
+
+
+def test_class_valued_hookimpl_is_still_ignored() -> None:
+    plugin: Any = types.ModuleType("implementation")
+
+    @hookimpl
+    class Implementation:
+        pass
+
+    plugin.hook = Implementation
+    pm = PluginManager("example")
+    assert pm.parse_hookimpl_opts(plugin, "hook") is None
+    pm.register(plugin)
+    assert pm.get_hookcallers(plugin) == []