diff --git a/packages/editor/src/components/entities-saved-states/entity-record-item.js b/packages/editor/src/components/entities-saved-states/entity-record-item.js
index ca9fb2e0b169c3..492377ad0455b1 100644
--- a/packages/editor/src/components/entities-saved-states/entity-record-item.js
+++ b/packages/editor/src/components/entities-saved-states/entity-record-item.js
@@ -17,14 +17,16 @@ export default function EntityRecordItem( { record, checked, onChange } ) {
 	const { name, kind, title, key } = record;
 
 	// Handle templates that might use default descriptive titles.
-	const { entityRecordTitle, hasPostMetaChanges } = useSelect(
+	const { entityRecordTitle, postMetaChanges } = useSelect(
 		( select ) => {
+			const _postMetaChanges = unlock(
+				select( editorStore )
+			).getPostMetaChanges();
+
 			if ( 'postType' !== kind || 'wp_template' !== name ) {
 				return {
 					entityRecordTitle: title,
-					hasPostMetaChanges: unlock(
-						select( editorStore )
-					).hasPostMetaChanges( name, key ),
+					postMetaChanges: _postMetaChanges,
 				};
 			}
 
@@ -38,9 +40,7 @@ export default function EntityRecordItem( { record, checked, onChange } ) {
 					select( editorStore ).__experimentalGetTemplateInfo(
 						template
 					).title,
-				hasPostMetaChanges: unlock(
-					select( editorStore )
-				).hasPostMetaChanges( name, key ),
+				postMetaChanges: _postMetaChanges,
 			};
 		},
 		[ name, kind, title, key ]
@@ -58,10 +58,15 @@ export default function EntityRecordItem( { record, checked, onChange } ) {
 					onChange={ onChange }
 				/>
 			</PanelRow>
-			{ hasPostMetaChanges && (
-				<ul className="entities-saved-states__changes">
-					<li>{ __( 'Post Meta.' ) }</li>
-				</ul>
+			{ postMetaChanges.length > 0 && (
+				<div className="entities-saved-states__changes">
+					<p>Post Meta</p>
+					<ul>
+						{ postMetaChanges.map( ( postMeta ) => (
+							<li key={ postMeta }>{ postMeta }</li>
+						) ) }
+					</ul>
+				</div>
 			) }
 		</>
 	);
diff --git a/packages/editor/src/components/entities-saved-states/style.scss b/packages/editor/src/components/entities-saved-states/style.scss
index 981a0d92e5ff6b..adee99ae44dbf6 100644
--- a/packages/editor/src/components/entities-saved-states/style.scss
+++ b/packages/editor/src/components/entities-saved-states/style.scss
@@ -24,9 +24,13 @@
 	color: $gray-700;
 	font-size: $helptext-font-size;
 	margin: $grid-unit-10 $grid-unit-20 0 $grid-unit-20;
-	list-style: disc;
 
-	li {
-		margin-bottom: $grid-unit-05;
+	ul {
+		list-style: disc;
+		margin: $grid-unit-10 $grid-unit-30 0 $grid-unit-30;
+
+		li {
+			margin-bottom: $grid-unit-05;
+		}
 	}
 }
diff --git a/packages/editor/src/components/post-publish-button/index.js b/packages/editor/src/components/post-publish-button/index.js
index e27b4fbd16c3ec..61b2ec4d0d622e 100644
--- a/packages/editor/src/components/post-publish-button/index.js
+++ b/packages/editor/src/components/post-publish-button/index.js
@@ -48,7 +48,7 @@ export class PostPublishButton extends Component {
 		return ( ...args ) => {
 			const {
 				hasNonPostEntityChanges,
-				hasPostMetaChanges,
+				postMetaChanges,
 				setEntitiesSavedStatesCallback,
 				isPublished,
 			} = this.props;
@@ -58,10 +58,12 @@ export class PostPublishButton extends Component {
 			// We also need to check that the `setEntitiesSavedStatesCallback`
 			// prop was passed. See https://github.com/WordPress/gutenberg/pull/37383
 			//
-			// TODO: Explore how to manage `hasPostMetaChanges` and pre-publish workflow properly.
+			// TODO: Explore how to manage `getPostMetaChanges` and pre-publish workflow properly.
 			if (
 				( hasNonPostEntityChanges ||
-					( hasPostMetaChanges && isPublished ) ) &&
+					( postMetaChanges &&
+						postMetaChanges.length > 0 &&
+						isPublished ) ) &&
 				setEntitiesSavedStatesCallback
 			) {
 				// The modal for multiple entity saving will open,
@@ -226,7 +228,7 @@ export default compose( [
 			isSavingNonPostEntityChanges,
 			getEditedPostAttribute,
 			getPostEdits,
-			hasPostMetaChanges,
+			getPostMetaChanges,
 		} = unlock( select( editorStore ) );
 		return {
 			isSaving: isSavingPost(),
@@ -244,7 +246,7 @@ export default compose( [
 			postStatus: getEditedPostAttribute( 'status' ),
 			postStatusHasChanged: getPostEdits()?.status,
 			hasNonPostEntityChanges: hasNonPostEntityChanges(),
-			hasPostMetaChanges: hasPostMetaChanges(),
+			postMetaChanges: getPostMetaChanges(),
 			isSavingNonPostEntityChanges: isSavingNonPostEntityChanges(),
 		};
 	} ),
diff --git a/packages/editor/src/components/save-publish-panels/index.js b/packages/editor/src/components/save-publish-panels/index.js
index 2b1a54b57d9558..8f7b4eb938f71c 100644
--- a/packages/editor/src/components/save-publish-panels/index.js
+++ b/packages/editor/src/components/save-publish-panels/index.js
@@ -43,7 +43,7 @@ export default function SavePublishPanels( {
 		} = select( editorStore );
 		const _hasOtherEntitiesChanges =
 			hasNonPostEntityChanges() ||
-			unlock( select( editorStore ) ).hasPostMetaChanges();
+			unlock( select( editorStore ) ).getPostMetaChanges().length > 0;
 		return {
 			publishSidebarOpened: isPublishSidebarOpened(),
 			isPublishable:
@@ -52,7 +52,6 @@ export default function SavePublishPanels( {
 			hasOtherEntitiesChanges: _hasOtherEntitiesChanges,
 		};
 	}, [] );
-
 	const openEntitiesSavedStates = useCallback(
 		() => setEntitiesSavedStatesCallback( true ),
 		[]
diff --git a/packages/editor/src/store/private-selectors.js b/packages/editor/src/store/private-selectors.js
index f56e1e8c9e81fb..26c5cf80c29df3 100644
--- a/packages/editor/src/store/private-selectors.js
+++ b/packages/editor/src/store/private-selectors.js
@@ -1,8 +1,3 @@
-/**
- * External dependencies
- */
-import fastDeepEqual from 'fast-deep-equal';
-
 /**
  * WordPress dependencies
  */
@@ -34,6 +29,49 @@ const EMPTY_INSERTION_POINT = {
 	insertionIndex: undefined,
 	filterValue: undefined,
 };
+const isObject = ( obj ) => obj !== null && typeof obj === 'object';
+
+/**
+ * A deep comparison of two objects, optimized for comparing metadata changes.
+ * @param {Object} changedObject  The changed object to compare.
+ * @param {Object} originalObject The original object to compare against.
+ * @param {string} parentPath     A key/value pair object of block names and their rendered titles.
+ * @return {string[]}             An array of paths whose values have changed.
+ */
+function deepCompare( changedObject, originalObject, parentPath = '' ) {
+	// We have two non-object values to compare.
+	if ( ! isObject( changedObject ) && ! isObject( originalObject ) ) {
+		/*
+		 * Only return a path if the value has changed.
+		 */
+		return changedObject !== originalObject
+			? parentPath.split( '.' ).join( ' > ' )
+			: undefined;
+	}
+
+	// Enable comparison when an object doesn't have a corresponding property to compare.
+	changedObject = isObject( changedObject ) ? changedObject : {};
+	originalObject = isObject( originalObject ) ? originalObject : {};
+
+	const allKeys = new Set( [
+		...Object.keys( changedObject ),
+		...Object.keys( originalObject ),
+	] );
+
+	let diffs = [];
+	for ( const key of allKeys ) {
+		const path = parentPath ? parentPath + '.' + key : key;
+		const changedPath = deepCompare(
+			changedObject[ key ],
+			originalObject[ key ],
+			path
+		);
+		if ( changedPath ) {
+			diffs = diffs.concat( changedPath );
+		}
+	}
+	return diffs;
+}
 
 /**
  * Get the insertion point for the inserter.
@@ -153,31 +191,28 @@ export const getCurrentTemplateTemplateParts = createRegistrySelector(
  *
  * @return {boolean} Whether there are edits or not in the meta fields of the relevant post.
  */
-export const hasPostMetaChanges = createRegistrySelector(
+export const getPostMetaChanges = createRegistrySelector(
 	( select ) => ( state, postType, postId ) => {
 		const { type: currentPostType, id: currentPostId } =
 			getCurrentPost( state );
 		// If no postType or postId is passed, use the current post.
-		const edits = select( coreStore ).getEntityRecordNonTransientEdits(
+		const original = select( coreStore ).getEntityRecord(
 			'postType',
 			postType || currentPostType,
 			postId || currentPostId
 		);
-
-		if ( ! edits?.meta ) {
-			return false;
-		}
-
-		// Compare if anything apart from `footnotes` has changed.
-		const originalPostMeta = select( coreStore ).getEntityRecord(
+		const edits = select( coreStore ).getEntityRecordNonTransientEdits(
 			'postType',
 			postType || currentPostType,
 			postId || currentPostId
-		)?.meta;
+		);
+
+		if ( ! original?.meta || ! edits?.meta ) {
+			return [];
+		}
 
-		return ! fastDeepEqual(
-			{ ...originalPostMeta, footnotes: undefined },
-			{ ...edits.meta, footnotes: undefined }
+		return deepCompare( edits.meta, original.meta ).filter(
+			( item ) => item !== 'footnotes'
 		);
 	}
 );
diff --git a/packages/is-shallow-equal/src/objects.js b/packages/is-shallow-equal/src/objects.js
index e2dc6867c7d51b..100600aba5b31f 100644
--- a/packages/is-shallow-equal/src/objects.js
+++ b/packages/is-shallow-equal/src/objects.js
@@ -1,3 +1,29 @@
+/**
+ * Internal dependencies
+ */
+import isShallowEqualArrays from './arrays';
+
+/**
+ * Returns true if the two values are equal, or false otherwise.
+ * Includes a check for shallow array equality.
+ *
+ * @param {any} a
+ * @param {any} b
+ *
+ * @return {boolean} Whether the two values are equal.
+ */
+function isEqual( a, b ) {
+	if ( Array.isArray( a ) && Array.isArray( b ) ) {
+		return isShallowEqualArrays( a, b );
+	}
+
+	if ( a === b ) {
+		return true;
+	}
+
+	return false;
+}
+
 /**
  * Returns true if the two objects are shallow equal, or false otherwise.
  *
@@ -31,7 +57,7 @@ export default function isShallowEqualObjects( a, b ) {
 			//
 			// Example: isShallowEqualObjects( { a: undefined }, { b: 5 } )
 			( aValue === undefined && ! b.hasOwnProperty( key ) ) ||
-			aValue !== b[ key ]
+			! isEqual( aValue, b[ key ] )
 		) {
 			return false;
 		}