diff --git a/CHANGELOG.md b/CHANGELOG.md
index 574f3c5ac7e7..c59e2dfe29b9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,7 @@
 - `[babel-plugin-jest-hoist]` Add `BigInt` to `WHITELISTED_IDENTIFIERS` ([#8382](https://github.com/facebook/jest/pull/8382))
 - `[babel-preset-jest]` Add `@babel/plugin-syntax-bigint` ([#8382](https://github.com/facebook/jest/pull/8382))
 - `[expect]` Add `BigInt` support to `toBeGreaterThan`, `toBeGreaterThanOrEqual`, `toBeLessThan` and `toBeLessThanOrEqual` ([#8382](https://github.com/facebook/jest/pull/8382))
+- `[jest-config]` Throw the full error message and stack when a Jest preset is missing a dependency ([#8924](https://github.com/facebook/jest/pull/8924))
 - `[jest-config]` [**BREAKING**] Set default display name color based on runner ([#8689](https://github.com/facebook/jest/pull/8689))
 - `[jest-diff]` Add options for colors and symbols ([#8841](https://github.com/facebook/jest/pull/8841))
 - `[jest-diff]` [**BREAKING**] Export as ECMAScript module ([#8873](https://github.com/facebook/jest/pull/8873))
diff --git a/packages/jest-config/src/__tests__/normalize.test.js b/packages/jest-config/src/__tests__/normalize.test.js
index 3620be8a1603..9f085294e276 100644
--- a/packages/jest-config/src/__tests__/normalize.test.js
+++ b/packages/jest-config/src/__tests__/normalize.test.js
@@ -1041,6 +1041,29 @@ describe('preset', () => {
     }).toThrowErrorMatchingSnapshot();
   });
 
+  test('throws when a dependency is missing in the preset', () => {
+    jest.doMock(
+      '/node_modules/react-native-js-preset/jest-preset.js',
+      () => {
+        require('library-that-is-not-installed');
+        return {
+          transform: {},
+        };
+      },
+      {virtual: true},
+    );
+
+    expect(() => {
+      normalize(
+        {
+          preset: 'react-native-js-preset',
+          rootDir: '/root/path/foo',
+        },
+        {},
+      );
+    }).toThrowError(/Cannot find module 'library-that-is-not-installed'/);
+  });
+
   test('throws when preset is invalid', () => {
     jest.doMock('/node_modules/react-native/jest-preset.json', () =>
       jest.requireActual('./jest-preset.json'),
diff --git a/packages/jest-config/src/normalize.ts b/packages/jest-config/src/normalize.ts
index 01e3999aff1d..fea4d8da24f1 100644
--- a/packages/jest-config/src/normalize.ts
+++ b/packages/jest-config/src/normalize.ts
@@ -108,19 +108,35 @@ const setupPreset = (
       );
     }
 
-    const preset = Resolver.findNodeModule(presetPath, {
-      basedir: options.rootDir,
-    });
+    if (error.message.includes('Cannot find module')) {
+      if (error.message.includes(presetPath)) {
+        const preset = Resolver.findNodeModule(presetPath, {
+          basedir: options.rootDir,
+        });
 
-    if (preset) {
+        if (preset) {
+          throw createConfigError(
+            `  Module ${chalk.bold(
+              presetPath,
+            )} should have "jest-preset.js" or "jest-preset.json" file at the root.`,
+          );
+        }
+        throw createConfigError(
+          `  Preset ${chalk.bold(presetPath)} not found.`,
+        );
+      }
       throw createConfigError(
-        `  Module ${chalk.bold(
-          presetPath,
-        )} should have "jest-preset.js" or "jest-preset.json" file at the root.`,
+        `  Missing dependency in ${chalk.bold(presetPath)}:\n\n  ${
+          error.message
+        }\n  ${error.stack}`,
       );
     }
 
-    throw createConfigError(`  Preset ${chalk.bold(presetPath)} not found.`);
+    throw createConfigError(
+      `  An unknown error occurred in ${chalk.bold(presetPath)}:\n\n  ${
+        error.message
+      }\n  ${error.stack}`,
+    );
   }
 
   if (options.setupFiles) {