diff --git a/editor/filesystem_dock.cpp b/editor/filesystem_dock.cpp
index c668a6b087d..de7fff1e4bc 100644
--- a/editor/filesystem_dock.cpp
+++ b/editor/filesystem_dock.cpp
@@ -430,7 +430,7 @@ void FileSystemDock::_update_tree(const Vector<String> &p_uncollapsed_paths, boo
 		} else if (favorite.ends_with("/")) {
 			text = favorite.substr(0, favorite.length() - 1).get_file();
 			icon = folder_icon;
-			color = assigned_folder_colors.has(favorite) ? folder_colors[assigned_folder_colors[favorite]] : default_folder_color;
+			color = FileSystemDock::get_dir_icon_color(favorite, default_folder_color);
 		} else {
 			text = favorite.get_file();
 			int index;
@@ -3951,6 +3951,30 @@ void FileSystemDock::_file_sort_popup(int p_id) {
 	set_file_sort((FileSortOption)p_id);
 }
 
+// TODO: Could use a unit test.
+Color FileSystemDock::get_dir_icon_color(const String &p_dir_path, const Color &p_default) {
+	if (!singleton) { // This method can be called from the project manager.
+		return p_default;
+	}
+	Color folder_icon_color = p_default;
+
+	// Check for a folder color to inherit (if one is assigned).
+	String parent_dir = ProjectSettings::get_singleton()->localize_path(p_dir_path);
+	while (!parent_dir.is_empty() && parent_dir != "res://") {
+		if (!parent_dir.ends_with("/")) {
+			parent_dir += "/";
+		}
+
+		const String color_name = singleton->assigned_folder_colors.get(parent_dir, String());
+		if (!color_name.is_empty()) {
+			folder_icon_color = singleton->folder_colors[color_name];
+			break;
+		}
+		parent_dir = parent_dir.trim_suffix("/").get_base_dir();
+	}
+	return folder_icon_color;
+}
+
 const HashMap<String, Color> &FileSystemDock::get_folder_colors() const {
 	return folder_colors;
 }
diff --git a/editor/filesystem_dock.h b/editor/filesystem_dock.h
index 69c04892261..5d16f4695a1 100644
--- a/editor/filesystem_dock.h
+++ b/editor/filesystem_dock.h
@@ -383,6 +383,8 @@ public:
 	static constexpr double ITEM_ALPHA_MAX = 0.15;
 	static constexpr double ITEM_BG_DARK_SCALE = 0.3;
 
+	static Color get_dir_icon_color(const String &p_dir_path, const Color &p_default);
+
 	const HashMap<String, Color> &get_folder_colors() const;
 	Dictionary get_assigned_folder_colors() const;
 
diff --git a/editor/gui/editor_file_dialog.cpp b/editor/gui/editor_file_dialog.cpp
index a921e5c250d..177f5cb8dd9 100644
--- a/editor/gui/editor_file_dialog.cpp
+++ b/editor/gui/editor_file_dialog.cpp
@@ -973,35 +973,6 @@ void EditorFileDialog::update_file_name() {
 	}
 }
 
-// TODO: Could use a unit test.
-Color EditorFileDialog::get_dir_icon_color(const String &p_dir_path) {
-	if (!FileSystemDock::get_singleton()) { // This dialog can be called from the project manager.
-		return theme_cache.folder_icon_color;
-	}
-
-	const HashMap<String, Color> &folder_colors = FileSystemDock::get_singleton()->get_folder_colors();
-	Dictionary assigned_folder_colors = FileSystemDock::get_singleton()->get_assigned_folder_colors();
-
-	Color folder_icon_color = theme_cache.folder_icon_color;
-
-	// Check for a folder color to inherit (if one is assigned).
-	String parent_dir = ProjectSettings::get_singleton()->localize_path(p_dir_path);
-	while (!parent_dir.is_empty() && parent_dir != "res://") {
-		if (!parent_dir.ends_with("/")) {
-			parent_dir += "/";
-		}
-		if (assigned_folder_colors.has(parent_dir)) {
-			folder_icon_color = folder_colors[assigned_folder_colors[parent_dir]];
-			if (folder_icon_color != theme_cache.folder_icon_color) {
-				break;
-			}
-		}
-		parent_dir = parent_dir.trim_suffix("/").get_base_dir();
-	}
-
-	return folder_icon_color;
-}
-
 // DO NOT USE THIS FUNCTION UNLESS NEEDED, CALL INVALIDATE() INSTEAD.
 void EditorFileDialog::update_file_list() {
 	int thumbnail_size = EDITOR_GET("filesystem/file_dialog/thumbnail_size");
@@ -1155,7 +1126,7 @@ void EditorFileDialog::update_file_list() {
 			d["bundle"] = bundle;
 
 			item_list->set_item_metadata(-1, d);
-			item_list->set_item_icon_modulate(-1, get_dir_icon_color(String(d["path"])));
+			item_list->set_item_icon_modulate(-1, FileSystemDock::get_dir_icon_color(String(d["path"]), theme_cache.folder_icon_color));
 		}
 
 		dirs.pop_front();
@@ -1840,7 +1811,7 @@ void EditorFileDialog::_update_favorites() {
 		favorites->add_item(favorited_names[i], theme_cache.folder);
 		favorites->set_item_tooltip(-1, favorited_paths[i]);
 		favorites->set_item_metadata(-1, favorited_paths[i]);
-		favorites->set_item_icon_modulate(-1, get_dir_icon_color(favorited_paths[i]));
+		favorites->set_item_icon_modulate(-1, FileSystemDock::get_dir_icon_color(favorited_paths[i], theme_cache.folder_icon_color));
 
 		if (i == current_favorite) {
 			favorite->set_pressed(true);
@@ -1925,7 +1896,7 @@ void EditorFileDialog::_update_recent() {
 		recent->add_item(recentd_names[i], theme_cache.folder);
 		recent->set_item_tooltip(-1, recentd_paths[i]);
 		recent->set_item_metadata(-1, recentd_paths[i]);
-		recent->set_item_icon_modulate(-1, get_dir_icon_color(recentd_paths[i]));
+		recent->set_item_icon_modulate(-1, FileSystemDock::get_dir_icon_color(recentd_paths[i], theme_cache.folder_icon_color));
 	}
 
 	if (modified) {
diff --git a/editor/gui/editor_file_dialog.h b/editor/gui/editor_file_dialog.h
index 30c6a32f614..b9674821b11 100644
--- a/editor/gui/editor_file_dialog.h
+++ b/editor/gui/editor_file_dialog.h
@@ -301,8 +301,6 @@ protected:
 	static void _bind_methods();
 
 public:
-	Color get_dir_icon_color(const String &p_dir_path);
-
 	virtual void set_visible(bool p_visible) override;
 	virtual void popup(const Rect2i &p_rect = Rect2i()) override;