diff --git a/djangocms_versioning/cms_toolbars.py b/djangocms_versioning/cms_toolbars.py
index 007cac53..f7da4b5c 100644
--- a/djangocms_versioning/cms_toolbars.py
+++ b/djangocms_versioning/cms_toolbars.py
@@ -1,5 +1,6 @@
 from collections import OrderedDict
 from copy import copy
+from typing import Optional
 
 from cms.cms_toolbars import (
     ADD_PAGE_LANGUAGE_BREAK,
@@ -288,18 +289,29 @@ class VersioningPageToolbar(PageToolbar):
     Overriding the original Page toolbar to ensure that draft and published pages
     can be accessed and to allow full control over the Page toolbar for versioned pages.
     """
-    def get_page_content(self, language=None):
+
+    def __init__(self, *args, **kwargs):
+        self.page_content: Optional[PageContent] = None
+        super().__init__(*args, **kwargs)
+
+    def get_page_content(self, language: Optional[str] = None) -> PageContent:
         if not language:
             language = self.current_lang
 
+        if self.page_content and self.page_content.language == language:
+            # Already known - no need to query it again
+            return self.page_content
         toolbar_obj = self.toolbar.get_object()
         if toolbar_obj and toolbar_obj.language == language:
+            # Already in the toolbar, then use it!
             return self.toolbar.get_object()
-        return get_latest_admin_viewable_content(self.page, language=language)
+        else:
+            # Get it from the DB
+            return get_latest_admin_viewable_content(self.page, language=language)
 
     def populate(self):
         self.page = self.request.current_page
-        self.title = self.get_page_content() if self.page else None
+        self.page_content = self.get_page_content() if self.page else None
         self.permissions_activated = get_cms_setting("PERMISSION")
 
         self.override_language_menu()
diff --git a/djangocms_versioning/helpers.py b/djangocms_versioning/helpers.py
index 76636e14..19abd78d 100644
--- a/djangocms_versioning/helpers.py
+++ b/djangocms_versioning/helpers.py
@@ -304,7 +304,7 @@ def remove_published_where(queryset):
 
 
 def get_latest_admin_viewable_content(
-    grouper: type,
+    grouper: models.Model,
     include_unpublished_archived: bool = False,
     **extra_grouping_fields,
 ) -> models.Model:
@@ -425,15 +425,16 @@ def send_email(
 
 
 def get_latest_draft_version(version):
-    """Get latest draft version of version object
+    """Get latest draft version of version object and caches it
     """
     from djangocms_versioning.constants import DRAFT
     from djangocms_versioning.models import Version
 
-    drafts = (
-        Version.objects
-        .filter_by_content_grouping_values(version.content)
-        .filter(state=DRAFT)
-    )
-
-    return drafts.first()
+    if not hasattr(version, "_latest_draft_version"):
+        drafts = (
+            Version.objects
+            .filter_by_content_grouping_values(version.content)
+            .filter(state=DRAFT)
+        )
+        version._latest_draft_version = drafts.first()
+    return version._latest_draft_version
diff --git a/djangocms_versioning/indicators.py b/djangocms_versioning/indicators.py
index 0b625d63..7424d97c 100644
--- a/djangocms_versioning/indicators.py
+++ b/djangocms_versioning/indicators.py
@@ -97,25 +97,26 @@ def content_indicator(content_obj):
         versions = Version.objects.filter_by_content_grouping_values(
             content_obj
         ).order_by("-pk")
+        version_states = dict(VERSION_STATES)
         signature = {
-            state: versions.filter(state=state)
-            for state, name in VERSION_STATES
+            version.state: version
+            for version in versions if version.state in version_states
         }
-        if signature[DRAFT] and not signature[PUBLISHED]:
+        if DRAFT in signature and PUBLISHED not in signature:
             content_obj._indicator_status = "draft"
-            content_obj._version = signature[DRAFT]
-        elif signature[DRAFT] and signature[PUBLISHED]:
+            content_obj._version = signature[DRAFT],
+        elif DRAFT in signature and PUBLISHED in signature:
             content_obj._indicator_status = "dirty"
-            content_obj._version = (signature[DRAFT][0], signature[PUBLISHED][0])
-        elif signature[PUBLISHED]:
+            content_obj._version = (signature[DRAFT], signature[PUBLISHED])
+        elif PUBLISHED in signature:
             content_obj._indicator_status = "published"
-            content_obj._version = signature[PUBLISHED]
+            content_obj._version = signature[PUBLISHED],
         elif versions[0].state == UNPUBLISHED:
             content_obj._indicator_status = "unpublished"
-            content_obj._version = signature[UNPUBLISHED]
+            content_obj._version = signature[UNPUBLISHED],
         elif versions[0].state == ARCHIVED:
             content_obj._indicator_status = "archived"
-            content_obj._version = signature[ARCHIVED]
+            content_obj._version = signature[ARCHIVED],
         else:  # pragma: no cover
             content_obj._indicator_status = None
             content_obj._version = [None]
diff --git a/tests/test_indicators.py b/tests/test_indicators.py
index edfa20fb..f3601bed 100644
--- a/tests/test_indicators.py
+++ b/tests/test_indicators.py
@@ -220,3 +220,13 @@ def test_mixin_factory(self):
             self.assertContains(response, "cms.pagetree.css"),
             # JS loadeD?
             self.assertContains(response, "indicators.js")
+
+    def test_page_indicator_db_queries(self):
+        """Only one query should be executed to get the indicator"""
+        version = PageVersionFactory(
+            content__language="en",
+        )
+        with self.assertNumQueries(1):
+            from djangocms_versioning.indicators import content_indicator
+
+            content_indicator(version.content)