diff --git a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
index 492ffbcd48d..b9c42272d1c 100644
--- a/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
+++ b/compiler/ir/backend.js/src/org/jetbrains/kotlin/ir/backend/js/JsLoweringPhases.kt
@@ -16,6 +16,7 @@ import org.jetbrains.kotlin.backend.common.lower.inline.LocalClassesInInlineLamb
 import org.jetbrains.kotlin.backend.common.lower.loops.ForLoopsLowering
 import org.jetbrains.kotlin.backend.common.lower.optimizations.FoldConstantLowering
 import org.jetbrains.kotlin.backend.common.phaser.*
+import org.jetbrains.kotlin.config.CommonConfigurationKeys
 import org.jetbrains.kotlin.ir.backend.js.lower.*
 import org.jetbrains.kotlin.ir.backend.js.lower.calls.CallsLowering
 import org.jetbrains.kotlin.ir.backend.js.lower.cleanup.CleanupLowering
@@ -836,11 +837,16 @@ private val jsSuspendArityStorePhase = makeDeclarationTransformerPhase(
 )
 
 val constEvaluationPhase = makeJsModulePhase(
-    {
-        ConstEvaluationLowering(
-            it,
-            configuration = IrInterpreterConfiguration(printOnlyExceptionMessage = true, platform = JsPlatforms.defaultJsPlatform)
+    { context ->
+        // We can't inline `const val`s because this lowering can mess up incremental compilation.
+        // For example, if we inline some constant located in `lib` module then we are not going to track and update its value on change.
+        // The only usages of `const val`s that we allow to inline are the ones that are located at the same file as declaration.
+        val configuration = IrInterpreterConfiguration(
+            printOnlyExceptionMessage = true,
+            platform = JsPlatforms.defaultJsPlatform,
+            inlineConstVal = false
         )
+        ConstEvaluationLowering(context, configuration = configuration)
     },
     name = "ConstEvaluationLowering",
     description = "Evaluate functions that are marked as `IntrinsicConstEvaluation`",
diff --git a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/IrInterpreterConfiguration.kt b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/IrInterpreterConfiguration.kt
index 5ca85d32985..187aef56f51 100644
--- a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/IrInterpreterConfiguration.kt
+++ b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/IrInterpreterConfiguration.kt
@@ -14,6 +14,7 @@ import org.jetbrains.kotlin.platform.TargetPlatform
  * @param createNonCompileTimeObjects
  *      'true' - interpreter will construct object and initialize its properties despite the fact it is not marked as compile time;
  *      'false' - interpreter will create a representation of empty object, that can be used to get const properties
+ * @param inlineConstVal tell the interpreter that value of const property can be inlined instead of getter call
  */
 // TODO maybe create some sort of builder
 data class IrInterpreterConfiguration(
@@ -23,4 +24,5 @@ data class IrInterpreterConfiguration(
     val createNonCompileTimeObjects: Boolean = false,
     val printOnlyExceptionMessage: Boolean = false,
     val collapseStackTraceFromJDK: Boolean = true,
+    val inlineConstVal: Boolean = true,
 )
diff --git a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterChecker.kt b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterChecker.kt
index 3ba4ab0b813..e327703d550 100644
--- a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterChecker.kt
+++ b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterChecker.kt
@@ -6,12 +6,14 @@
 package org.jetbrains.kotlin.ir.interpreter.checker
 
 import org.jetbrains.kotlin.ir.IrBuiltIns
+import org.jetbrains.kotlin.ir.declarations.IrFile
 import org.jetbrains.kotlin.ir.interpreter.IrInterpreterConfiguration
 import org.jetbrains.kotlin.ir.visitors.IrElementVisitor
 
 interface IrInterpreterChecker : IrElementVisitor<Boolean, IrInterpreterCheckerData>
 
 class IrInterpreterCheckerData(
+    val irFile: IrFile,
     val mode: EvaluationMode,
     val irBuiltIns: IrBuiltIns,
     val interpreterConfiguration: IrInterpreterConfiguration,
diff --git a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterCommonChecker.kt b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterCommonChecker.kt
index 01fb325760d..e467eaae257 100644
--- a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterCommonChecker.kt
+++ b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/checker/IrInterpreterCommonChecker.kt
@@ -15,7 +15,7 @@ import org.jetbrains.kotlin.ir.interpreter.isAccessToNotNullableObject
 import org.jetbrains.kotlin.ir.interpreter.preprocessor.IrInterpreterKCallableNamePreprocessor.Companion.isEnumName
 import org.jetbrains.kotlin.ir.interpreter.preprocessor.IrInterpreterKCallableNamePreprocessor.Companion.isKCallableNameCall
 import org.jetbrains.kotlin.ir.types.*
-import org.jetbrains.kotlin.ir.util.constructors
+import org.jetbrains.kotlin.ir.util.fileOrNull
 import org.jetbrains.kotlin.ir.util.parentAsClass
 import org.jetbrains.kotlin.ir.util.statements
 
@@ -59,22 +59,20 @@ class IrInterpreterCommonChecker : IrInterpreterChecker {
 
     override fun visitCall(expression: IrCall, data: IrInterpreterCheckerData): Boolean {
         val owner = expression.symbol.owner
-
-        if (expression.dispatchReceiver.isAccessToNotNullableObject() && expression.isGetterToConstVal()) {
-            return visitBodyIfNeeded(owner, data)
+        return when {
+            !data.interpreterConfiguration.inlineConstVal && expression.isGetterToConstVal() && data.irFile != owner.fileOrNull -> false
+            expression.dispatchReceiver.isAccessToNotNullableObject() && expression.isGetterToConstVal() -> visitBodyIfNeeded(owner, data)
+            !data.mode.canEvaluateExpression(expression) || !data.mode.canEvaluateFunction(owner) -> false
+            expression.isKCallableNameCall(data.irBuiltIns) || expression.isEnumName() -> true
+            else -> {
+                val dispatchReceiverComputable = expression.dispatchReceiver?.accept(this, data) ?: true
+                val extensionReceiverComputable = expression.extensionReceiver?.accept(this, data) ?: true
+                dispatchReceiverComputable &&
+                        extensionReceiverComputable &&
+                        visitValueArguments(expression, data) &&
+                        visitBodyIfNeeded(owner, data)
+            }
         }
-
-        if (!data.mode.canEvaluateExpression(expression)) return false
-
-        if (!data.mode.canEvaluateFunction(owner)) return false
-
-        if (expression.isKCallableNameCall(data.irBuiltIns) || expression.isEnumName()) return true
-
-        val dispatchReceiverComputable = expression.dispatchReceiver?.accept(this, data) ?: true
-        val extensionReceiverComputable = expression.extensionReceiver?.accept(this, data) ?: true
-        if (!visitValueArguments(expression, data)) return false
-        val bodyComputable = visitBodyIfNeeded(owner, data)
-        return dispatchReceiverComputable && extensionReceiverComputable && bodyComputable
     }
 
     override fun visitVariable(declaration: IrVariable, data: IrInterpreterCheckerData): Boolean {
@@ -176,6 +174,7 @@ class IrInterpreterCommonChecker : IrInterpreterChecker {
             return owner.origin == IrDeclarationOrigin.IR_EXTERNAL_JAVA_DECLARATION_STUB && owner.isStatic && owner.isFinal &&
                     (owner.type.isPrimitiveType() || owner.type.isStringClassType())
         }
+
         return owner.asVisited {
             when {
                 // TODO fix later; used it here because java boolean resolves very strange,
diff --git a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/transformer/IrConstTransformer.kt b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/transformer/IrConstTransformer.kt
index 2248f564a9c..f9bd673af93 100644
--- a/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/transformer/IrConstTransformer.kt
+++ b/compiler/ir/ir.interpreter/src/org/jetbrains/kotlin/ir/interpreter/transformer/IrConstTransformer.kt
@@ -119,7 +119,7 @@ internal abstract class IrConstTransformer(
         configuration: IrInterpreterConfiguration = interpreter.environment.configuration
     ): Boolean {
         return try {
-            this.accept(checker, IrInterpreterCheckerData(mode, interpreter.irBuiltIns, configuration))
+            this.accept(checker, IrInterpreterCheckerData(irFile, mode, interpreter.irBuiltIns, configuration))
         } catch (e: Throwable) {
             if (suppressExceptions) {
                 return false