diff --git a/spring-beans/src/main/java/org/springframework/beans/factory/BeanFactoryUtils.java b/spring-beans/src/main/java/org/springframework/beans/factory/BeanFactoryUtils.java
index 2c37b5dfa65..8ed7394a0e2 100644
--- a/spring-beans/src/main/java/org/springframework/beans/factory/BeanFactoryUtils.java
+++ b/spring-beans/src/main/java/org/springframework/beans/factory/BeanFactoryUtils.java
@@ -22,6 +22,7 @@ import java.util.Arrays;
 import java.util.LinkedHashMap;
 import java.util.List;
 import java.util.Map;
+import java.util.concurrent.ConcurrentHashMap;
 
 import org.springframework.beans.BeansException;
 import org.springframework.core.ResolvableType;
@@ -51,6 +52,13 @@ public abstract class BeanFactoryUtils {
 	 */
 	public static final String GENERATED_BEAN_NAME_SEPARATOR = "#";
 
+	/**
+	 * Cache from name with factory bean prefix to stripped name without dereference.
+	 * @since 5.1
+	 * @see BeanFactory#FACTORY_BEAN_PREFIX
+	 */
+	private static final Map<String, String> transformedBeanNameCache = new ConcurrentHashMap<>();
+
 
 	/**
 	 * Return whether the given name is a factory dereference
@@ -72,11 +80,16 @@ public abstract class BeanFactoryUtils {
 	 */
 	public static String transformedBeanName(String name) {
 		Assert.notNull(name, "'name' must not be null");
-		String beanName = name;
-		while (beanName.startsWith(BeanFactory.FACTORY_BEAN_PREFIX)) {
-			beanName = beanName.substring(BeanFactory.FACTORY_BEAN_PREFIX.length());
+		if (!name.startsWith(BeanFactory.FACTORY_BEAN_PREFIX)) {
+			return name;
 		}
-		return beanName;
+		return transformedBeanNameCache.computeIfAbsent(name, beanName -> {
+			do {
+				beanName = beanName.substring(BeanFactory.FACTORY_BEAN_PREFIX.length());
+			}
+			while (beanName.startsWith(BeanFactory.FACTORY_BEAN_PREFIX));
+			return beanName;
+		});
 	}
 
 	/**
diff --git a/spring-beans/src/test/java/org/springframework/beans/factory/xml/XmlListableBeanFactoryTests.java b/spring-beans/src/test/java/org/springframework/beans/factory/xml/XmlListableBeanFactoryTests.java
index 25848af501f..15b8ad914a6 100644
--- a/spring-beans/src/test/java/org/springframework/beans/factory/xml/XmlListableBeanFactoryTests.java
+++ b/spring-beans/src/test/java/org/springframework/beans/factory/xml/XmlListableBeanFactoryTests.java
@@ -1,5 +1,5 @@
 /*
- * Copyright 2002-2015 the original author or authors.
+ * Copyright 2002-2018 the original author or authors.
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
  * you may not use this file except in compliance with the License.
@@ -42,30 +42,33 @@ import static org.junit.Assert.*;
  * @author Juergen Hoeller
  * @since 09.11.2003
  */
-@SuppressWarnings({ "rawtypes", "unchecked" })
+@SuppressWarnings({"rawtypes", "unchecked"})
 public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTests {
 
 	private DefaultListableBeanFactory parent;
 
 	private DefaultListableBeanFactory factory;
 
+
 	@Before
-	public void setUp() {
+	public void setup() {
 		parent = new DefaultListableBeanFactory();
-		Map m = new HashMap();
-		m.put("name", "Albert");
+
+		Map map = new HashMap();
+		map.put("name", "Albert");
 		RootBeanDefinition bd1 = new RootBeanDefinition(TestBean.class);
-		bd1.setPropertyValues(new MutablePropertyValues(m));
+		bd1.setPropertyValues(new MutablePropertyValues(map));
 		parent.registerBeanDefinition("father", bd1);
-		m = new HashMap();
-		m.put("name", "Roderick");
+
+		map = new HashMap();
+		map.put("name", "Roderick");
 		RootBeanDefinition bd2 = new RootBeanDefinition(TestBean.class);
-		bd2.setPropertyValues(new MutablePropertyValues(m));
+		bd2.setPropertyValues(new MutablePropertyValues(map));
 		parent.registerBeanDefinition("rod", bd2);
 
 		this.factory = new DefaultListableBeanFactory(parent);
-		new XmlBeanDefinitionReader(this.factory).loadBeanDefinitions(
-				new ClassPathResource("test.xml", getClass()));
+		new XmlBeanDefinitionReader(this.factory).loadBeanDefinitions(new ClassPathResource("test.xml", getClass()));
+
 		this.factory.addBeanPostProcessor(new BeanPostProcessor() {
 			@Override
 			public Object postProcessBeforeInitialization(Object bean, String name) throws BeansException {
@@ -82,9 +85,10 @@ public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTest
 				return bean;
 			}
 		});
+
 		this.factory.addBeanPostProcessor(new LifecycleBean.PostProcessor());
 		this.factory.addBeanPostProcessor(new ProtectedLifecycleBean.PostProcessor());
-		//this.factory.preInstantiateSingletons();
+		// this.factory.preInstantiateSingletons();
 	}
 
 	@Override
@@ -92,6 +96,7 @@ public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTest
 		return factory;
 	}
 
+
 	@Test
 	@Override
 	public void count() {
@@ -104,19 +109,19 @@ public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTest
 	}
 
 	@Test
-	public void lifecycleMethods() throws Exception {
+	public void lifecycleMethods() {
 		LifecycleBean bean = (LifecycleBean) getBeanFactory().getBean("lifecycle");
 		bean.businessMethod();
 	}
 
 	@Test
-	public void protectedLifecycleMethods() throws Exception {
+	public void protectedLifecycleMethods() {
 		ProtectedLifecycleBean bean = (ProtectedLifecycleBean) getBeanFactory().getBean("protectedLifecycle");
 		bean.businessMethod();
 	}
 
 	@Test
-	public void descriptionButNoProperties() throws Exception {
+	public void descriptionButNoProperties() {
 		TestBean validEmpty = (TestBean) getBeanFactory().getBean("validEmptyWithDescription");
 		assertEquals(0, validEmpty.getAge());
 	}
@@ -125,7 +130,7 @@ public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTest
 	 * Test that properties with name as well as id creating an alias up front.
 	 */
 	@Test
-	public void autoAliasing() throws Exception {
+	public void autoAliasing() {
 		List beanNames = Arrays.asList(getListableBeanFactory().getBeanDefinitionNames());
 
 		TestBean tb1 = (TestBean) getBeanFactory().getBean("aliased");
@@ -224,7 +229,7 @@ public class XmlListableBeanFactoryTests extends AbstractListableBeanFactoryTest
 	}
 
 	@Test
-	public void beanPostProcessor() throws Exception {
+	public void beanPostProcessor() {
 		TestBean kerry = (TestBean) getBeanFactory().getBean("kerry");
 		TestBean kathy = (TestBean) getBeanFactory().getBean("kathy");
 		DummyFactory factory = (DummyFactory) getBeanFactory().getBean("&singletonFactory");