Are you looking for the best growth shares to buy at a low cost? Below are two of the best competing looking.

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Defense shares like QINETIQ (LSE: QQ.) It increases as European weapons budgets increase sharply. This is the same FTSE 250 The contractor – which rose despite the profit warning in May – increased by 21 % so far in 2025.

However, Qinetiq shares still look cheap, in my view. City analysts expect that profits will rise by 18 % in the current fiscal year (to March 2026), which leads to the rate of price to the profits (PEG) of 0.9.

Any single sub -ratio indicates that the shares are less than their value.

The recent problems mean that Sayed means that Qinetiq's profits decreased by 11 % in 2025. But the work tends to achieve continuous growth from this point. The lower height is also distinguished by 13 % and 10 % for the year 2027 and 2028, respectively.

The uncertainty about US defense budgets to move forward is a threat. But the company hopes to restructure there-including the recently announced sale of the US Federal Information Technology Services Unit-it attracts a line in light of modern problems and reduces exposure to the most volatile short session projects.

In a row, I think QINETIQ looks strong with increasing the broader defensive spending between NATO and associated partners. The company's application book has swollen to 2 billion pounds from March, an increase of 12 % on an annual basis, as it helps its diverse global imprint to compensate for problems in the United States.

I think QINETIQ is the highest way to consider obtaining expensive defense sector. It is also worth noting FTSE 100 Industry players BAE systems (26.6 times), Rolls Royce (41.5 times), and Babkok International (21.3 times).

Double for value

Gold shares are another group of assets and I think that investors in growth need to be seen. I myself have a trading box (ETF) from many metal producers with a rise in gold prices (it has increased by 40 % over the past 12 months alone).

The alloys reached new standards of about $ 3,700 an ounce this week. Additional gains are distinguished as inflationary fears and growth climbing, and the US dollar faces sustainable pressure.

One of the golden -priced stocks and I think it deserves close attention today is African resources (LSE: PAF).

City analysts believe that profits will increase by 62 % in this fiscal year (until June 2026) with gold prices and increased production of miners.

The company's exciting growth projects include Magale Tailings Rentreatment (MTR), Evander in South Africa, and Tenant Mines in Australia. Remember that production issues pose a constant threat that may affect profits.

Today, Pan African is involved in trading P/E to the front of 7.1 times. It also carries complications from connecting the rock bottom from 0.1. I do not think that these numbers reflect the upper growth prospects for the gold team, and the company is expected to continue to rise in value. Its shares increased by 125 % so far in 2025.