I think growing S&P/ASX 200 Index (ASX: XJO) shares are the ones most likely to deliver market-beating returns.
Compounding is a very powerful financial force, enabling businesses to turn their profit into a much larger figure over time.
One of the main difficulties in buying these sorts of businesses is buying them at an attractive price. The market usually values them at a high multiple of their earnings because of expectations of profit growth in the future.
The two companies below have both fallen in recent times, but they have significant growth intentions, making their valuations more appealing.
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WiseTech Global Ltd (ASX: WTC)
WiseTech describes itself as a leading developer and provider of software solutions to the logistics execution industry globally. Its customers include over 17,000 of the world's logistics companies across 193 countries including 47 of the top 50 global third-party logistics providers and 24 of the 25 largest freight forwarders worldwide.
The WiseTech share price has declined around 30% from July, at the time of writing, making it much better value than it was before, as the chart below shows.
Logistics is an important part of the global economy, so WiseTech is an integral player. Including the recent acquisition of e2open, the business is expecting to grow its FY26 revenue by between 79% to 85% to $1.39 billion to $1.44 billion. Operating profit (EBITDA) is forecast to grow by between 44% to 53% to $550 million to $585 million.
Management believes that the ASX 200 share's container transport optimisation, an expanded ecosystem with e2open, a new CargoWise commercial model, and additional value creation through deep AI workflow and management engine, there is an "incredibly exciting future for WiseTech".
According to the forecast on Commsec, the WiseTech share price is valued at 61x FY28's estimated earnings at the time of writing, showing that earnings is expected to grow.
Guzman Y Gomez (ASX: GYG)
Guzman Y Gomez is a Mexican food restaurant business, with major goals.
The business currently has 227 restaurants and it aims to reach 1,000 Australian restaurant locations within 20 years, so there's significant growth potential here. In FY26, it expects to open another 32 restaurants in Australia.
Becoming larger can grow total network sales and lead to rising margins because of operating leverage. In FY26, it's expecting the Australia segment underlying operating profit (EBITDA) to rise to between 5.9% to 6.3%, up from 5.7% in FY25. In the first quarter of FY26, the company grew total network sales by 18.6% to $330.6 million.
Another reason I'm bullish on the business is its potential to deliver international growth. At the end of the FY26 first quarter, it had 22 Singapore locations, five Japan locations and seven US locations. Asia saw total network sales growth of 29% to $20.8 million and US sales rose 65% to $4.3 million.
In five years, I believe the business could be much larger and it looks significantly better value after falling more than 30% since the start of 2025.
According to the forecasts on Commsec and at the time of writing, the GYG share price is valued at 51x FY28's estimated earnings (while still investing for growth).
