diff --git a/bundler/bundler_ref_rewrite_test.go b/bundler/bundler_ref_rewrite_test.go
index 44206ec1d..3fb9a5bdd 100644
--- a/bundler/bundler_ref_rewrite_test.go
+++ b/bundler/bundler_ref_rewrite_test.go
@@ -12,6 +12,7 @@ import (
 	"testing"
 	"testing/fstest"
 
+	"github.com/pb33f/libopenapi"
 	"github.com/pb33f/libopenapi/datamodel"
 	"github.com/pb33f/libopenapi/index"
 	"github.com/stretchr/testify/assert"
@@ -306,6 +307,117 @@ paths:
 	assertNoFilePathRefs(t, result.Bytes)
 }
 
+func TestBundleDocumentComposedWithOrigins_SchemaProxyGetReferenceUsesBundledRef(t *testing.T) {
+	tmpDir := t.TempDir()
+
+	topSpec := `openapi: 3.1.0
+info:
+  title: Bundle Ref Getter Test
+  version: 1.0.0
+paths:
+  /:
+    get:
+      operationId: getRoot
+      responses:
+        '400':
+          $ref: "#/components/responses/BadRequest"
+        '500':
+          $ref: "./shared.yaml#/components/responses/InternalServerError"
+components:
+  responses:
+    BadRequest:
+      $ref: "./shared.yaml#/components/responses/BadRequest"
+  schemas:
+    Error:
+      type: object
+      properties:
+        wrong:
+          type: string
+`
+
+	sharedSpec := `openapi: 3.1.0
+components:
+  responses:
+    BadRequest:
+      description: Bad Request
+      content:
+        application/json:
+          schema:
+            $ref: "#/components/schemas/Error"
+    InternalServerError:
+      description: Internal Server Error
+      content:
+        application/json:
+          schema:
+            $ref: "#/components/schemas/InternalServerError"
+  schemas:
+    Error:
+      type: object
+      properties:
+        message:
+          type: string
+    InternalServerError:
+      type: object
+      properties:
+        message:
+          type: string
+`
+
+	topFile := filepath.Join(tmpDir, "top.yaml")
+	sharedFile := filepath.Join(tmpDir, "shared.yaml")
+	require.NoError(t, os.WriteFile(topFile, []byte(topSpec), 0644))
+	require.NoError(t, os.WriteFile(sharedFile, []byte(sharedSpec), 0644))
+
+	config := datamodel.NewDocumentConfiguration()
+	config.BasePath = tmpDir
+	config.SpecFilePath = topFile
+	config.ExtractRefsSequentially = true
+
+	spec, err := os.ReadFile(topFile)
+	require.NoError(t, err)
+
+	doc, err := libopenapi.NewDocumentWithConfiguration(spec, config)
+	require.NoError(t, err)
+
+	model, err := doc.BuildV3Model()
+	require.NoError(t, err)
+
+	result, err := BundleDocumentComposedWithOrigins(&model.Model, nil)
+	require.NoError(t, err)
+	require.NotNil(t, result)
+
+	bundledStr := string(result.Bytes)
+	assert.Contains(t, bundledStr, "#/components/schemas/Error__shared")
+	assert.Contains(t, bundledStr, "#/components/schemas/InternalServerError")
+
+	op := model.Model.Paths.PathItems.GetOrZero("/").Get
+	require.NotNil(t, op)
+	require.NotNil(t, op.Responses)
+
+	badRequest := op.Responses.Codes.GetOrZero("400")
+	require.NotNil(t, badRequest)
+	badRequestSchema := badRequest.Content.GetOrZero("application/json").Schema
+	require.NotNil(t, badRequestSchema)
+
+	internalError := op.Responses.Codes.GetOrZero("500")
+	require.NotNil(t, internalError)
+	internalErrorSchema := internalError.Content.GetOrZero("application/json").Schema
+	require.NotNil(t, internalErrorSchema)
+
+	assert.Equal(t, "#/components/schemas/Error__shared", badRequestSchema.GetReference())
+	assert.Equal(t, "#/components/schemas/InternalServerError", internalErrorSchema.GetReference())
+
+	badRequestOrigin := result.Origins[badRequestSchema.GetReference()]
+	require.NotNil(t, badRequestOrigin)
+	assert.Equal(t, sharedFile, badRequestOrigin.OriginalFile)
+	assert.Equal(t, "#/components/schemas/Error", badRequestOrigin.OriginalRef)
+
+	internalErrorOrigin := result.Origins[internalErrorSchema.GetReference()]
+	require.NotNil(t, internalErrorOrigin)
+	assert.Equal(t, sharedFile, internalErrorOrigin.OriginalFile)
+	assert.Equal(t, "#/components/schemas/InternalServerError", internalErrorOrigin.OriginalRef)
+}
+
 // TestBundlerComposedWithOrigins_AbsolutePathRefReuse ensures absolute-path refs
 // that point at inline-required content are replaced with the inlined node content.
 func TestBundlerComposedWithOrigins_AbsolutePathRefReuse(t *testing.T) {
diff --git a/datamodel/high/base/schema_proxy.go b/datamodel/high/base/schema_proxy.go
index 0240b9eee..84b4ce2e2 100644
--- a/datamodel/high/base/schema_proxy.go
+++ b/datamodel/high/base/schema_proxy.go
@@ -313,6 +313,11 @@ func (sp *SchemaProxy) GetReference() string {
 	if sp.refStr != "" {
 		return sp.refStr
 	}
+	if refNode := sp.GetReferenceNode(); refNode != nil {
+		if refValNode := utils.GetRefValueNode(refNode); refValNode != nil {
+			return refValNode.Value
+		}
+	}
 	return sp.schema.GetValue().GetReference()
 }
 
diff --git a/datamodel/high/base/schema_proxy_test.go b/datamodel/high/base/schema_proxy_test.go
index e23ec6a0e..c00d8859f 100644
--- a/datamodel/high/base/schema_proxy_test.go
+++ b/datamodel/high/base/schema_proxy_test.go
@@ -150,6 +150,26 @@ func TestSchemaProxy_GetReference(t *testing.T) {
 	assert.Equal(t, refNode, sp.GetReferenceNode())
 }
 
+func TestSchemaProxy_GetReference_PrefersLiveRefNodeValue(t *testing.T) {
+	refNode := utils.CreateRefNode("#/components/schemas/MySchema")
+
+	ref := low.Reference{}
+	ref.SetReference("#/components/schemas/MySchema", refNode)
+
+	sp := &SchemaProxy{
+		schema: &low.NodeReference[*lowbase.SchemaProxy]{
+			Value: &lowbase.SchemaProxy{
+				Reference: ref,
+			},
+		},
+	}
+
+	refNode.Content[1].Value = "#/components/schemas/MySchema__shared"
+
+	assert.Equal(t, "#/components/schemas/MySchema__shared", sp.GetReference())
+	assert.Equal(t, refNode, sp.GetReferenceNode())
+}
+
 func TestSchemaProxy_IsReference_Nil(t *testing.T) {
 	var sp *SchemaProxy
 	assert.False(t, sp.IsReference())
@@ -1526,6 +1546,50 @@ func TestCreateSchemaProxyRefWithSchema_InlinePreservedRef(t *testing.T) {
 	require.GreaterOrEqual(t, len(node.Content), 4) // $ref key+val + description key+val
 }
 
+func TestSchemaProxy_MarshalYAMLInline_CircularReference_MatchesAbsoluteBasePath(t *testing.T) {
+	const ymlComponents = `components:
+  schemas:
+    Ten:
+      type: object`
+
+	var idxNode yaml.Node
+	err := yaml.Unmarshal([]byte(ymlComponents), &idxNode)
+	require.NoError(t, err)
+
+	idx := index.NewSpecIndexWithConfig(&idxNode, index.CreateOpenAPIIndexConfig())
+	idx.SetAbsolutePath(filepath.Join(t.TempDir(), "spec.yaml"))
+	idx.SetCircularReferences([]*index.CircularReferenceResult{
+		{
+			LoopPoint: &index.Reference{
+				Definition:     "#/components/schemas/NotTen",
+				FullDefinition: idx.GetSpecAbsolutePath(),
+			},
+		},
+	})
+
+	refNode := utils.CreateRefNode("#/components/schemas/Ten")
+
+	lowProxy := new(lowbase.SchemaProxy)
+	err = lowProxy.Build(context.Background(), nil, refNode, idx)
+	require.NoError(t, err)
+
+	sp := NewSchemaProxy(&low.NodeReference[*lowbase.SchemaProxy]{
+		Value:     lowProxy,
+		ValueNode: refNode,
+	})
+
+	rendered, err := sp.MarshalYAMLInline()
+	require.Error(t, err)
+	require.NotNil(t, rendered)
+	assert.Contains(t, err.Error(), "circular reference")
+
+	node, ok := rendered.(*yaml.Node)
+	require.True(t, ok)
+	require.Len(t, node.Content, 2)
+	assert.Equal(t, "$ref", node.Content[0].Value)
+	assert.Equal(t, "#/components/schemas/Ten", node.Content[1].Value)
+}
+
 func TestCreateSchemaProxyRefWithSchema_CircularRefSafe(t *testing.T) {
 	// Verify inline rendering doesn't panic when rendered Schema has a non-nil low-level
 	const ymlComponents = `components: