SQL Server Auto-growth Handling
You can reduce the number of growth events by increasing the growth factor, but be careful. Log files cannot take advantage of instant file initialisation, so if you increase the growth factor too high you can cause delays during auto-growth events.

You also need to consider the number of VLFs that will be created based on the growth increment and the number of growth events. Check out this article by Kimberly Tripp for VLF info.

If your log file is constantly increasing in size, this growth ongoing so you should consider increasing your growth factor to reduce the number of events if they are impacting performance.

If your log file is being shrunk every day, this growth is repeating, meaning it wouldn't keep increasing the log file size each day if you grew the log to a reasonable size. Stop the process that shrinks your log file and grow the log file manually to a suitable size to mitigate the high-frequency log growth events.