diff --git a/rpcs3/Emu/Cell/PPUThread.cpp b/rpcs3/Emu/Cell/PPUThread.cpp
index cdd2933d98..fbb3c89142 100644
--- a/rpcs3/Emu/Cell/PPUThread.cpp
+++ b/rpcs3/Emu/Cell/PPUThread.cpp
@@ -3754,19 +3754,7 @@ extern void ppu_finalize(const ppu_module& info, bool force_mem_release)
 	}
 
 	// Get cache path for this executable
-	std::string cache_path = fs::get_cache_dir() + "cache/";
-
-	const bool in_dev_flash = info.path.starts_with(dev_flash);
-
-	if (in_dev_flash && !info.path.starts_with(dev_flash + "sys/external/"))
-	{
-		cache_path += "vsh/";
-	}
-	else if (!in_dev_flash && !Emu.GetTitleID().empty() && Emu.GetCat() != "1P")
-	{
-		cache_path += Emu.GetTitleID();
-		cache_path += '/';
-	}
+	std::string cache_path = rpcs3::utils::get_cache_dir(info.path);
 
 	// Add PPU hash and filename
 	fmt::append(cache_path, "ppu-%s-%s/", fmt::base57(info.sha1), info.path.substr(info.path.find_last_of('/') + 1));
@@ -4526,23 +4514,7 @@ bool ppu_initialize(const ppu_module& info, bool check_only, u64 file_size)
 	else
 	{
 		// New PPU cache location
-		cache_path = fs::get_cache_dir() + "cache/";
-
-		const std::string dev_flash = vfs::get("/dev_flash/");
-
-		const bool in_dev_flash = info.path.starts_with(dev_flash);
-
-		if (in_dev_flash && !info.path.starts_with(dev_flash + "sys/external/"))
-		{
-			// Add prefix for vsh
-			cache_path += "vsh/";
-		}
-		else if (!in_dev_flash && !Emu.GetTitleID().empty() && Emu.GetCat() != "1P")
-		{
-			// Add prefix for anything except dev_flash files, standalone elfs or PS1 classics
-			cache_path += Emu.GetTitleID();
-			cache_path += '/';
-		}
+		cache_path = rpcs3::utils::get_cache_dir(info.path);
 
 		// Add PPU hash and filename
 		fmt::append(cache_path, "ppu-%s-%s/", fmt::base57(info.sha1), info.path.substr(info.path.find_last_of('/') + 1));
diff --git a/rpcs3/Emu/System.cpp b/rpcs3/Emu/System.cpp
index c4991f97d9..c196e4032c 100644
--- a/rpcs3/Emu/System.cpp
+++ b/rpcs3/Emu/System.cpp
@@ -3699,20 +3699,7 @@ void Emulator::ConfigurePPUCache() const
 {
 	auto& _main = g_fxo->get<main_ppu_module>();
 
-	_main.cache = rpcs3::utils::get_cache_dir();
-
-	const std::string dev_flash = vfs::get("/dev_flash/");
-	const bool in_dev_flash = _main.path.starts_with(dev_flash);
-
-	if (in_dev_flash && !_main.path.starts_with(dev_flash + "sys/external/"))
-	{
-		_main.cache += "vsh/";
-	}
-	else if (!in_dev_flash && !m_title_id.empty() && m_cat != "1P")
-	{
-		_main.cache += GetTitleID();
-		_main.cache += '/';
-	}
+	_main.cache = rpcs3::utils::get_cache_dir(_main.path);
 
 	fmt::append(_main.cache, "ppu-%s-%s/", fmt::base57(_main.sha1), _main.path.substr(_main.path.find_last_of('/') + 1));
 
diff --git a/rpcs3/Emu/system_utils.cpp b/rpcs3/Emu/system_utils.cpp
index 7c3de4b4bd..76e6a22454 100644
--- a/rpcs3/Emu/system_utils.cpp
+++ b/rpcs3/Emu/system_utils.cpp
@@ -3,6 +3,7 @@
 #include "system_config.h"
 #include "vfs_config.h"
 #include "Emu/Io/pad_config.h"
+#include "Emu/System.h"
 #include "util/sysinfo.hpp"
 #include "Utilities/File.h"
 #include "Utilities/StrUtil.h"
@@ -121,6 +122,28 @@ namespace rpcs3::utils
 		return fs::get_cache_dir() + "cache/";
 	}
 
+	std::string get_cache_dir(std::string_view module_path)
+	{
+		std::string cache_dir = get_cache_dir();
+
+		const std::string dev_flash = g_cfg_vfs.get_dev_flash();
+		const bool in_dev_flash = Emu.IsPathInsideDir(module_path, dev_flash);
+
+		if (in_dev_flash && !Emu.IsPathInsideDir(module_path, dev_flash + "sys/external/"))
+		{
+			// Add prefix for vsh
+			cache_dir += "vsh/";
+		}
+		else if (!in_dev_flash && !Emu.GetTitleID().empty() && Emu.GetCat() != "1P")
+		{
+			// Add prefix for anything except dev_flash files, standalone elfs or PS1 classics
+			cache_dir += Emu.GetTitleID();
+			cache_dir += '/';
+		}
+
+		return cache_dir;
+	}
+
 	std::string get_rap_file_path(const std::string_view& rap)
 	{
 		const std::string home_dir = get_hdd0_dir() + "home";
diff --git a/rpcs3/Emu/system_utils.hpp b/rpcs3/Emu/system_utils.hpp
index 57ea098cc3..7838d1dc81 100644
--- a/rpcs3/Emu/system_utils.hpp
+++ b/rpcs3/Emu/system_utils.hpp
@@ -17,6 +17,7 @@ namespace rpcs3::utils
 	std::string get_hdd0_dir();
 	std::string get_hdd1_dir();
 	std::string get_cache_dir();
+	std::string get_cache_dir(std::string_view module_path);
 
 	std::string get_rap_file_path(const std::string_view& rap);
 	bool verify_c00_unlock_edat(const std::string_view& content_id, bool fast = false);