Big share price falls tend to get attention.
What matters more to me is whether the business behind the share is still moving forward. If it is, a lower price can make things a lot more interesting.
Here are three ASX shares down at least 30% from their highs that I would be looking at now.
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Temple & Webster Group Ltd (ASX: TPW)
Temple & Webster has been sold off heavily, even though the business is still growing.
In the first half of FY26, revenue increased 20%, which shows the underlying momentum is still there.
But what stands out most to me is the size of the opportunity. The company is targeting a market worth more than $40 billion, with online adoption still catching up to global peers.
It is also continuing to take market share and expand into areas like home improvement, trade, and New Zealand.
The share price is down, but the growth opportunity is still there. If the company keeps executing, I think it has plenty of upside from here.
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre is down more than 30% from its highs, which feels out of step with how the business is tracking.
The travel company recently reported record total transaction value and delivered profit growth, even in what it described as a challenging environment.
There are a few things I like here. Corporate travel continues to scale, the leisure business has regained momentum, and the company is expanding into new areas and revenue streams. It has also been investing in AI and technology to improve productivity and customer experience.
Recent acquisitions, including Iglu and Scott Dunn, are adding to that growth and helping broaden the business.
The share price is down, but the business is still growing, which I think makes the valuation more appealing.
Aristocrat Leisure Ltd (ASX: ALL)
Aristocrat has also pulled back more than 30%, despite continuing to deliver solid results.
The business operates across gaming machines, mobile games, and online real money gaming, which gives it multiple ways to grow.
It has been gaining market share in key regions, supported by a strong pipeline of new games and ongoing investment in content and technology.
There is also a clear focus on expanding its digital and online segments, which could become more important over time.
With a strong balance sheet and continued investment in growth, I think this is a business that still has a lot going for it.
Foolish takeaway
A share price falling 30% or more can change how an investment looks.
Temple & Webster, Flight Centre, and Aristocrat are all still moving forward in different ways despite their pullbacks.
That is why I think they are worth a closer look right now.
