I'm always on the lookout for wonderful S&P/ASX 200 Index (ASX: XJO) blue-chip shares that could deliver market-beating performances.
The best businesses in an industry may have the potential to continue delivering great returns because of the economic moats and impressive economics.
Both of the businesses below have fallen by more than 10% in recent times. With that decline, this could be a smart time to look at these ASX 200 blue-chip shares.
Goodman Group (ASX: GMG)
Goodman Group is a large, global industrial property business that owns, develops and manages real estate. It's best known for its logistics properties and data centres in major global cities that are important for the digital economy.
It has a presence in Australia, New Zealand, Asia, Europe, the UK and the Americas. Goodman is one of the largest listed specialist investment managers of industrial property globally.
Goodman is benefiting from growing demand in areas like e-commerce and data centres, giving the business a pleasing outlook for its work in progress (WIP), the assets under management (AUM) and rental earnings.
For example, at 30 September 2025, the ASX 200 blue-chip share had $12.4 billion of WIP with data centres representing 68% of WIP. The projected WIP for June 2026 is more than $17.5 billion.
The rental side of the business is also performing strongly – in its latest quarterly update, it reported 4.2% like-for-like annual net property income (NPI) growth on properties in its partnerships. It has an occupancy rate of 96%.
Goodman is forecasting operating earnings per security (EPS) growth of 9% in FY26. It looks good value after falling 17% in the past year.
Breville Group Ltd (ASX: BRG)
Breville is one of the world's largest coffee machine businesses, with a number of brands.
The company has suffered a loss of some investor confidence during the past year following the US – a key market for Breville – applying tariffs to products made in China. The Asian powerhouse was responsible for manufacturing a significant portion of the Breville-made products for the US market.
So, the ASX 200 blue-chip share is hard at work changing where products bound for the US are made, particularly utilising production in Mexico.
Over time, Breville has significantly grown its revenue and net profit and this has helped improve its underlying value.
I'm confident the company can continue growing thanks to increasing levels of coffee consumption at home globally and that Breville is expanding in markets that have much lower levels of home coffee consumption (offering growth). Some of the company's newer expansion markets are China, South Korea and the Middle East.
The ASX 200 blue-chip share looks much better value after falling 12% in the past year. At the time of writing, it's trading at 29x FY27's estimated earnings, according to Commsec.
