diff --git a/packages/store/internals/src/memoize.ts b/packages/store/internals/src/memoize.ts
index 503b991b8..ba7226fe1 100644
--- a/packages/store/internals/src/memoize.ts
+++ b/packages/store/internals/src/memoize.ts
@@ -1,8 +1,4 @@
-function areArgumentsShallowlyEqual(
-  equalityCheck: (a: any, b: any) => boolean,
-  prev: IArguments | null,
-  next: IArguments | null
-) {
+function areArgumentsShallowlyEqual(prev: IArguments | null, next: IArguments | null) {
   if (prev === null || next === null || prev.length !== next.length) {
     return false;
   }
@@ -11,7 +7,7 @@ function areArgumentsShallowlyEqual(
   // determine equality as fast as possible.
   const length = prev.length;
   for (let i = 0; i < length; i++) {
-    if (!equalityCheck(prev[i], next[i])) {
+    if (!Object.is(prev[i], next[i])) {
       return false;
     }
   }
@@ -25,28 +21,28 @@ function areArgumentsShallowlyEqual(
  *
  * @ignore
  */
-export function ɵmemoize<T extends (...args: any[]) => any>(
-  func: T,
-  equalityCheck = Object.is
-): T {
+export function ɵmemoize<T extends (...args: any[]) => any>(fn: T, originalFn?: T): T {
   let lastArgs: IArguments | null = null;
   let lastResult: any = null;
   // we reference arguments instead of spreading them for performance reasons
   function memoized() {
     // eslint-disable-next-line prefer-rest-params
-    if (!areArgumentsShallowlyEqual(equalityCheck, lastArgs, arguments)) {
+    if (!areArgumentsShallowlyEqual(lastArgs, arguments)) {
       // apply arguments instead of spreading for performance.
       // eslint-disable-next-line prefer-rest-params, prefer-spread
-      lastResult = (<Function>func).apply(null, arguments);
+      lastResult = (<Function>fn).apply(null, arguments);
     }
     // eslint-disable-next-line prefer-rest-params
     lastArgs = arguments;
     return lastResult;
   }
-  (<any>memoized).reset = function () {
-    // The hidden (for now) ability to reset the memoization
-    lastArgs = null;
-    lastResult = null;
-  };
+  if (typeof ngDevMode !== 'undefined' && ngDevMode) {
+    (<any>memoized).reset = function () {
+      // The hidden (for now) ability to reset the memoization
+      lastArgs = null;
+      lastResult = null;
+    };
+    (<any>memoized).originalFn = originalFn ?? fn;
+  }
   return memoized as T;
 }
diff --git a/packages/store/src/selectors/selector-utils.ts b/packages/store/src/selectors/selector-utils.ts
index 53737a890..0a46a43c9 100644
--- a/packages/store/src/selectors/selector-utils.ts
+++ b/packages/store/src/selectors/selector-utils.ts
@@ -75,7 +75,7 @@ export function createMemoizedSelectorFn<T extends (...args: any[]) => any>(
     }
     return returnValue;
   } as T;
-  const memoizedFn = ɵmemoize(wrappedFn);
+  const memoizedFn = ɵmemoize(wrappedFn, originalFn);
   Object.setPrototypeOf(memoizedFn, originalFn);
   return memoizedFn;
 }
diff --git a/packages/store/src/store.ts b/packages/store/src/store.ts
index 495e51a6a..ab8dfe3e7 100644
--- a/packages/store/src/store.ts
+++ b/packages/store/src/store.ts
@@ -122,10 +122,11 @@ export class Store {
           )?.warnOnNewReferenceWithIdenticalValue;
           if (warnOption && !Object.is(a, b)) {
             try {
-              if (warnOption.isEqual(a, b)) {
+              const originalFn = (<any>selector).originalFn;
+              if (warnOption.isEqual(a, b) && originalFn) {
                 console.error(
                   'The selector returned the same value shape as it was before triggering signal recomputation. Selector function: ',
-                  selector
+                  originalFn
                 );
               }
             } catch {
diff --git a/packages/store/tests/select-signal.spec.ts b/packages/store/tests/select-signal.spec.ts
index e0ba23f4c..41f91a32d 100644
--- a/packages/store/tests/select-signal.spec.ts
+++ b/packages/store/tests/select-signal.spec.ts
@@ -7,7 +7,9 @@ import {
   NgxsModule,
   Selector,
   SelectorOptions,
-  TypedSelector
+  TypedSelector,
+  provideStore,
+  withNgxsDevelopmentOptions
 } from '@ngxs/store';
 import { ɵStateClass } from '@ngxs/store/internals';
 
@@ -792,3 +794,120 @@ describe('Selector', () => {
     });
   });
 });
+
+describe('warnOnNewReferenceWithIdenticalValue', () => {
+  interface TestStateModel {
+    value: number;
+    counter: number;
+  }
+
+  @State<TestStateModel>({
+    name: 'testWarn',
+    defaults: { value: 1, counter: 0 }
+  })
+  @Injectable()
+  class TestWarnState {
+    // Always returns a new object reference — same shape when `value` unchanged.
+    @Selector()
+    static data(state: TestStateModel) {
+      return { value: state.value };
+    }
+  }
+
+  beforeEach(() => TestBed.resetTestingModule());
+
+  it('should log console.error when selector returns new reference with identical value', () => {
+    // Arrange
+    TestBed.configureTestingModule({
+      providers: [
+        provideStore(
+          [TestWarnState],
+          withNgxsDevelopmentOptions({
+            warnOnUnhandledActions: true,
+            warnOnNewReferenceWithIdenticalValue: {
+              isEqual: (a, b) => JSON.stringify(a) === JSON.stringify(b)
+            }
+          })
+        )
+      ]
+    });
+    const store = TestBed.inject(Store);
+    const errorSpy = jest.spyOn(console, 'error').mockImplementation();
+
+    try {
+      const signal = TestBed.runInInjectionContext(() =>
+        store.selectSignal(TestWarnState.data)
+      );
+      signal(); // initial read
+
+      // Increment `counter` but keep `value` the same — selector returns a new
+      // reference with the same shape, triggering the warning.
+      store.reset({ testWarn: { value: 1, counter: 1 } });
+      signal(); // triggers recomputation and the equal() callback
+
+      expect(errorSpy).toHaveBeenCalledWith(
+        'The selector returned the same value shape as it was before triggering signal recomputation. Selector function: ',
+        expect.any(Function)
+      );
+    } finally {
+      errorSpy.mockRestore();
+    }
+  });
+
+  it('should not log console.error when warnOnNewReferenceWithIdenticalValue is not configured', () => {
+    // Arrange
+    TestBed.configureTestingModule({
+      providers: [provideStore([TestWarnState])]
+    });
+    const store = TestBed.inject(Store);
+    const errorSpy = jest.spyOn(console, 'error').mockImplementation();
+
+    try {
+      const signal = TestBed.runInInjectionContext(() =>
+        store.selectSignal(TestWarnState.data)
+      );
+      signal();
+
+      store.reset({ testWarn: { value: 1, counter: 1 } });
+      signal();
+
+      expect(errorSpy).not.toHaveBeenCalled();
+    } finally {
+      errorSpy.mockRestore();
+    }
+  });
+
+  it('should not log console.error when selector returns a genuinely different value', () => {
+    // Arrange
+    TestBed.configureTestingModule({
+      providers: [
+        provideStore(
+          [TestWarnState],
+          withNgxsDevelopmentOptions({
+            warnOnUnhandledActions: true,
+            warnOnNewReferenceWithIdenticalValue: {
+              isEqual: (a, b) => JSON.stringify(a) === JSON.stringify(b)
+            }
+          })
+        )
+      ]
+    });
+    const store = TestBed.inject(Store);
+    const errorSpy = jest.spyOn(console, 'error').mockImplementation();
+
+    try {
+      const signal = TestBed.runInInjectionContext(() =>
+        store.selectSignal(TestWarnState.data)
+      );
+      signal();
+
+      // Change `value` — selector returns a genuinely different result.
+      store.reset({ testWarn: { value: 2, counter: 0 } });
+      signal();
+
+      expect(errorSpy).not.toHaveBeenCalled();
+    } finally {
+      errorSpy.mockRestore();
+    }
+  });
+});