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Are these the best value ASX growth shares to buy today?

Although I think the growth potential and quality of shares such as WiseTech Global Ltd (ASX: WTC) and Xero Limited (ASX: XRO) means they are worthy of the premiums their shares trade on, many investors are uncomfortable paying such high multiples.

For those investors I have picked out three quality growth shares which I think look good value at current prices. They are as follows:

Appen Ltd (ASX: APX)

Although not conventionally cheap, at 33x estimated FY 2020 earnings I think Appen’s shares are trading at their most attractive level in some time. Especially given the positive industry tailwinds supporting the growth of the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. I believe this has left Appen well-positioned to continue growing its earnings at a very strong rate for at least the next few years.

Aristocrat Leisure Limited (ASX: ALL)

Another option to consider is Aristocrat Leisure. I believe the gaming technology company represents one of the best value growth shares on the ASX right now. Its shares are currently changing hands at 20x estimated FY 2020 earnings, which I think is cheap considering the strong long-term growth potential of both its pokie machine business and its digital business. The latter looks set to be a big winner from the increasing popularity of social and mobile gaming. 

Webjet Limited (ASX: WEB)

A final option to consider is this online travel agent. Its shares have come under pressure this year due to concerns over the performance of its UK partner Thomas Cook. However, with the worst now appearing to be behind Thomas Cook and the rest of the Webjet business performing strongly, I think now could be an opportune time to pick up shares. Especially with them trading at around 15.5x estimated FY 2020 earnings.

And here are a few more dirt cheap growth shares that offer compelling risk/rewards.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global and Xero. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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