diff --git a/ayon_server/helpers/inherited_attributes.py b/ayon_server/helpers/inherited_attributes.py
index 484a27fe..ad709e77 100644
--- a/ayon_server/helpers/inherited_attributes.py
+++ b/ayon_server/helpers/inherited_attributes.py
@@ -33,17 +33,25 @@ async def _rebuild_in_transaction(
          """
     )
 
+    # path: attrib_set cache to use when returning from child to parent
+    caching: dict[tuple[str, ...], dict[str, Any]] = {}
+
     current_attrib_set: dict[str, Any] = {}
     buff: list[tuple[str, str, dict[str, Any]]] = []
 
     async for record in st_crawl.cursor():
-        path_elements = record["path"].split("/")
+        path_elements = tuple(record["path"].split("/"))
         if len(path_elements) == 1:
             current_attrib_set = project_attrib.copy()
 
+        elif path_elements[:-1] in caching:
+            current_attrib_set = caching[path_elements[:-1]]
+
         new_attrib_set = current_attrib_set.copy()
         new_attrib_set.update(record["own"])
 
+        caching[path_elements] = new_attrib_set
+
         if record["exported"] != new_attrib_set:
             buff.append(
                 (