diff --git a/.changeset/calm-owls-move.md b/.changeset/calm-owls-move.md
new file mode 100644
index 0000000000..a4dcaeeff8
--- /dev/null
+++ b/.changeset/calm-owls-move.md
@@ -0,0 +1,5 @@
+---
+'@backstage/cli-node': patch
+---
+
+Added new `packageGraph.getDependencyHash(name)` utility.
diff --git a/packages/cli-node/report.api.md b/packages/cli-node/report.api.md
index 97dab9684d..6c2294012d 100644
--- a/packages/cli-node/report.api.md
+++ b/packages/cli-node/report.api.md
@@ -92,6 +92,7 @@ export function isMonoRepo(): Promise<boolean>;
 export class Lockfile {
   createSimplifiedDependencyGraph(): Map<string, Set<string>>;
   diff(otherLockfile: Lockfile): LockfileDiff;
+  getVersions(name: string): string[];
   static load(path: string): Promise<Lockfile>;
   static parse(content: string): Lockfile;
 }
@@ -116,6 +117,7 @@ export class PackageGraph extends Map<string, PackageGraphNode> {
     collectFn: (pkg: PackageGraphNode) => Iterable<string> | undefined,
   ): Set<string>;
   static fromPackages(packages: Package[]): PackageGraph;
+  getDependencyHash(name: string): Promise<string>;
   listChangedPackages(options: {
     ref: string;
     analyzeLockfile?: boolean;
diff --git a/packages/cli-node/src/monorepo/Lockfile.ts b/packages/cli-node/src/monorepo/Lockfile.ts
index 8a481c77ad..d7336cf970 100644
--- a/packages/cli-node/src/monorepo/Lockfile.ts
+++ b/packages/cli-node/src/monorepo/Lockfile.ts
@@ -133,6 +133,14 @@ export class Lockfile {
     private readonly data: LockfileData,
   ) {}
 
+  /**
+   * Returns all versions of a package in the lockfile.
+   */
+  getVersions(name: string): string[] {
+    const queries = this.packages.get(name);
+    return queries ? queries.map(q => q.version) : [];
+  }
+
   /**
    * Creates a simplified dependency graph from the lockfile data, where each
    * key is a package, and the value is a set of all packages that it depends on
diff --git a/packages/cli-node/src/monorepo/PackageGraph.ts b/packages/cli-node/src/monorepo/PackageGraph.ts
index 69ec99c2dd..91c5312bc1 100644
--- a/packages/cli-node/src/monorepo/PackageGraph.ts
+++ b/packages/cli-node/src/monorepo/PackageGraph.ts
@@ -15,6 +15,7 @@
  */
 
 import path from 'path';
+import crypto from 'node:crypto';
 import { getPackages, Package } from '@manypkg/get-packages';
 import { paths } from '../paths';
 import { PackageRole } from '../roles';
@@ -283,6 +284,43 @@ export class PackageGraph extends Map<string, PackageGraphNode> {
     return targets;
   }
 
+  /**
+   * Generates a sha1 hex hash of the dependency graph for a package.
+   */
+  async getDependencyHash(name: string): Promise<string> {
+    const pkg = this.get(name);
+    if (!pkg) {
+      throw new Error(`Package '${name}' not found`);
+    }
+
+    const lockfile = await this.#getLockfile();
+    const depGraph = lockfile.createSimplifiedDependencyGraph();
+
+    const seen = new Set<string>();
+    const queue = [name];
+
+    while (queue.length > 0) {
+      const deps = depGraph.get(queue.pop()!);
+      if (deps) {
+        for (const dep of deps) {
+          if (!seen.has(dep)) {
+            seen.add(dep);
+            queue.push(dep);
+          }
+        }
+      }
+    }
+
+    const hash = crypto.createHash('sha1');
+    for (const dep of Array.from(seen).sort()) {
+      hash.update(dep);
+      hash.update('\0');
+      hash.update(lockfile.getVersions(dep).join(' '));
+      hash.update('\0');
+    }
+    return hash.digest('hex');
+  }
+
   /**
    * Lists all packages that have changed since a given git ref.
    *
@@ -342,9 +380,7 @@ export class PackageGraph extends Map<string, PackageGraphNode> {
       let thisLockfile: Lockfile;
       let otherLockfile: Lockfile;
       try {
-        thisLockfile = await Lockfile.load(
-          paths.resolveTargetRoot('yarn.lock'),
-        );
+        thisLockfile = await this.#getLockfile();
         otherLockfile = Lockfile.parse(
           await GitUtils.readFileAtRef('yarn.lock', options.ref),
         );
@@ -410,4 +446,13 @@ export class PackageGraph extends Map<string, PackageGraphNode> {
 
     return result;
   }
+
+  #lockfilePromise?: Promise<Lockfile>;
+  #getLockfile(): Promise<Lockfile> {
+    if (this.#lockfilePromise) {
+      return this.#lockfilePromise;
+    }
+    this.#lockfilePromise = Lockfile.load(paths.resolveTargetRoot('yarn.lock'));
+    return this.#lockfilePromise;
+  }
 }