diff --git a/news/122.bugfix b/news/122.bugfix
new file mode 100644
index 0000000..1b2c10f
--- /dev/null
+++ b/news/122.bugfix
@@ -0,0 +1 @@
+Fix `locked` component of ETag to discriminate between different locks. @JeffersonBledsoe, @davisagli
diff --git a/plone/app/caching/operations/etags.py b/plone/app/caching/operations/etags.py
index 20f1783..2138ba0 100644
--- a/plone/app/caching/operations/etags.py
+++ b/plone/app/caching/operations/etags.py
@@ -163,12 +163,16 @@ def __init__(self, published, request):
 
     def __call__(self):
         context = getContext(self.published)
-        context_state = queryMultiAdapter(
-            (context, self.request), name="plone_context_state"
-        )
-        if context_state is None:
-            return
-        return "1" if context_state.is_locked() else "0"
+        lock = queryMultiAdapter((context, self.request), name="plone_lock_info")
+
+        if not lock:
+            return "0"
+
+        lock_info = lock.lock_info()
+        if not lock_info:
+            return "0"
+
+        return lock_info["token"]
 
 
 @implementer(IETagValue)
diff --git a/plone/app/caching/tests/test_etags.py b/plone/app/caching/tests/test_etags.py
index 83e281d..59c29c8 100644
--- a/plone/app/caching/tests/test_etags.py
+++ b/plone/app/caching/tests/test_etags.py
@@ -281,14 +281,14 @@ def test_ObjectLocked_true(self):
 
         @implementer(Interface)
         @adapter(DummyContext, Interface)
-        class DummyContextState:
+        class DummyLockInfo:
             def __init__(self, context, request):
                 pass
 
-            def is_locked(self):
-                return True
+            def lock_info(self):
+                return {"token": "lock-token-1234"}
 
-        provideAdapter(DummyContextState, name="plone_context_state")
+        provideAdapter(DummyLockInfo, name="plone_lock_info")
 
         environ = {"SERVER_NAME": "example.com", "SERVER_PORT": "80"}
         response = HTTPResponse()
@@ -297,21 +297,21 @@ def is_locked(self):
 
         etag = ObjectLocked(published, request)
 
-        self.assertEqual("1", etag())
+        self.assertEqual("lock-token-1234", etag())
 
     def test_ObjectLocked_false(self):
         from plone.app.caching.operations.etags import ObjectLocked
 
         @implementer(Interface)
         @adapter(DummyContext, Interface)
-        class DummyContextState:
+        class DummyLockInfo:
             def __init__(self, context, request):
                 pass
 
-            def is_locked(self):
-                return False
+            def lock_info(self):
+                return None
 
-        provideAdapter(DummyContextState, name="plone_context_state")
+        provideAdapter(DummyLockInfo, name="plone_lock_info")
 
         environ = {"SERVER_NAME": "example.com", "SERVER_PORT": "80"}
         response = HTTPResponse()