diff --git a/CHANGELOG.md b/CHANGELOG.md
index c62ad76c6881..cc809716cd2e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -39,6 +39,7 @@
 
 - `[jest-runtime]` Fix module registry memory leak ([#8282](https://github.com/facebook/jest/pull/8282))
 - `[jest-resolve]` optimize resolve module path ([#8388](https://github.com/facebook/jest/pull/8388))
+- `[jest-resolve]` cache current directory ([#8412](https://github.com/facebook/jest/pull/8412))
 
 ## 24.7.1
 
diff --git a/packages/jest-resolve/src/defaultResolver.ts b/packages/jest-resolve/src/defaultResolver.ts
index 8a2e4c9d8c15..42a0d31ee939 100644
--- a/packages/jest-resolve/src/defaultResolver.ts
+++ b/packages/jest-resolve/src/defaultResolver.ts
@@ -188,6 +188,7 @@ function isDirectory(dir: Config.Path): boolean {
   return statSyncCached(dir) === IPathType.DIRECTORY;
 }
 
+const CURRENT_DIRECTORY = path.resolve('.');
 function isCurrentDirectory(testPath: Config.Path): boolean {
-  return path.resolve('.') === path.resolve(testPath);
+  return CURRENT_DIRECTORY === path.resolve(testPath);
 }