diff --git a/modules/component-store/spec/component-store.spec.ts b/modules/component-store/spec/component-store.spec.ts
index af6b243623..f9008dec88 100644
--- a/modules/component-store/spec/component-store.spec.ts
+++ b/modules/component-store/spec/component-store.spec.ts
@@ -1381,6 +1381,62 @@ describe('Component Store', () => {
     });
   });
 
+  describe('selectSignal', () => {
+    it('creates a signal from the provided state projector function', () => {
+      const store = new ComponentStore<{ foo: string }>({ foo: 'bar' });
+      let projectorExecutionCount = 0;
+
+      const foo = store.selectSignal((state) => {
+        projectorExecutionCount++;
+        return state.foo;
+      });
+
+      expect(foo()).toBe('bar');
+
+      foo();
+      store.patchState({ foo: 'baz' });
+      foo();
+
+      expect(foo()).toBe('baz');
+      expect(projectorExecutionCount).toBe(2);
+    });
+
+    it('creates a signal by combining provided signals', () => {
+      const store = new ComponentStore<{ x: number; y: number; z: number }>({
+        x: 1,
+        y: 10,
+        z: 100,
+      });
+      let projectorExecutionCount = 0;
+
+      const x = store.selectSignal((s) => s.x);
+      const y = store.selectSignal((s) => s.y);
+      const xPlusY = store.selectSignal(x, y, (x, y) => {
+        projectorExecutionCount++;
+        return x + y;
+      });
+
+      expect(xPlusY()).toBe(11);
+
+      // projector should not be executed
+      store.patchState({ z: 1000 });
+      xPlusY();
+
+      store.patchState({ x: 10 });
+      xPlusY();
+
+      expect(xPlusY()).toBe(20);
+      expect(projectorExecutionCount).toBe(2);
+    });
+
+    it('throws an error when the signal is read before the state initialization', () => {
+      const store = new ComponentStore<{ foo: string }>();
+      const foo = store.selectSignal((s) => s.foo);
+
+      expect(() => foo()).toThrowError();
+    });
+  });
+
   describe('effect', () => {
     let componentStore: ComponentStore<object>;
 
diff --git a/modules/component-store/src/component-store.ts b/modules/component-store/src/component-store.ts
index e688da18ad..eb4267ea73 100644
--- a/modules/component-store/src/component-store.ts
+++ b/modules/component-store/src/component-store.ts
@@ -56,6 +56,14 @@ export type Projector<Selectors extends Observable<unknown>[], Result> = (
   ...args: SelectorResults<Selectors>
 ) => Result;
 
+type SignalsProjector<Signals extends Signal<unknown>[], Result> = (
+  ...values: {
+    [Key in keyof Signals]: Signals[Key] extends Signal<infer Value>
+      ? Value
+      : never;
+  }
+) => Result;
+
 @Injectable()
 export class ComponentStore<T extends object> implements OnDestroy {
   // Should be used only in ngOnDestroy.
@@ -67,10 +75,12 @@ export class ComponentStore<T extends object> implements OnDestroy {
   private isInitialized = false;
   // Needs to be after destroy$ is declared because it's used in select.
   readonly state$: Observable<T> = this.select((s) => s);
-  private ɵhasProvider = false;
-
   // Signal of state$
-  readonly state: Signal<T>;
+  readonly state: Signal<T> = toSignal(
+    this.state$.pipe(takeUntil(this.destroy$)),
+    { requireSync: false, manualCleanup: true }
+  );
+  private ɵhasProvider = false;
 
   constructor(@Optional() @Inject(INITIAL_STATE_TOKEN) defaultState?: T) {
     // State can be initialized either through constructor or setState.
@@ -79,10 +89,6 @@ export class ComponentStore<T extends object> implements OnDestroy {
     }
 
     this.checkProviderForHooks();
-    this.state = toSignal(this.stateSubject$.pipe(takeUntil(this.destroy$)), {
-      requireSync: false,
-      manualCleanup: true,
-    });
   }
 
   /** Completes all relevant Observable streams. */
@@ -293,12 +299,40 @@ export class ComponentStore<T extends object> implements OnDestroy {
   }
 
   /**
-   * Returns a signal of the provided projector function.
-   *
-   * @param projector projector function
+   * Creates a signal from the provided state projector function.
+   */
+  selectSignal<Result>(projector: (state: T) => Result): Signal<Result>;
+  /**
+   * Creates a signal by combining provided signals.
    */
-  selectSignal<K>(projector: (state: T) => K): Signal<K> {
-    return computed(() => projector(this.state()));
+  selectSignal<Signals extends Signal<unknown>[], Result>(
+    ...signalsWithProjector: [
+      ...selectors: Signals,
+      projector: SignalsProjector<Signals, Result>
+    ]
+  ): Signal<Result>;
+  selectSignal(
+    ...args:
+      | [(state: T) => unknown]
+      | [
+          ...signals: Signal<unknown>[],
+          projector: (...values: unknown[]) => unknown
+        ]
+  ): Signal<unknown> {
+    if (args.length === 1) {
+      const projector = args[0] as (state: T) => unknown;
+      return computed(() => projector(this.state()));
+    }
+
+    const signals = args.slice(0, -1) as Signal<unknown>[];
+    const projector = args[args.length - 1] as (
+      ...values: unknown[]
+    ) => unknown;
+
+    return computed(() => {
+      const values = signals.map((signal) => signal());
+      return projector(...values);
+    });
   }
 
   /**