- ISIN
- US08986R3093
- CUSIP
- 08986R309
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- IPO Date
- Feb 25, 1992
Highlights
- Market Cap
- $1.25B
- Enterprise Value
- $1.28B
- EPS (TTM)
- -$9.06
- Total Revenue (TTM)
- $397.71M
- Gross Profit (TTM)
- $93.91M
- EBITDA (TTM)
- $93.04M
- Year Range
- $234.92 - $483.60
- ROA (TTM)
- -1.84%
- ROE (TTM)
- -1.84%
- Avg. Volume (1M)
- 144K
- Avg. Volume Value (1M)
- $55.45M
Share Price Chart
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Performance
BH Performance Chart
Biglari Holdings Inc. (BH) is up 19.6% since the beginning of the year. At $397 per share, BH is trading 17.8% below its 52-week high of $484. Investors who bought $1,000 worth of BH shares 5 years ago would now be looking at an investment worth $2,417.
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Returns By Period
Biglari Holdings Inc. (BH) has returned 19.57% so far this year and 32.95% over the past 12 months. Over the last ten years, BH has returned 3.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Biglari Holdings Inc.
- 1D
- -0.38%
- 1M
- -5.57%
- 6M
- 5.99%
- YTD
- 19.57%
- 1Y
- 32.95%
- 3Y*
- 25.02%
- 5Y*
- 19.30%
- 10Y*
- 3.77%
- ALL TIME*
- 6.02%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BH Monthly Returns History
Based on dividend-adjusted daily data since Feb 25, 1992, BH's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2009 with a return of +52.7%, while the worst month was Mar 2020 at -51.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BH closed higher 47% of trading days. The best single day was Mar 12, 2009 with a return of +27.9%, while the worst single day was Mar 18, 2020 at -30.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.81% | 3.40% | -15.01% | -6.17% | -6.07% | 46.66% | -6.70% | 19.57% | |||||
| 2025 | -8.76% | 5.65% | -11.66% | 7.56% | 6.11% | 18.24% | 5.51% | 0.83% | 4.11% | 11.64% | -18.65% | 13.11% | 30.73% |
| 2024 | -6.22% | 11.99% | 9.51% | 3.92% | 0.95% | -2.82% | 3.81% | -10.84% | -3.90% | -0.99% | 23.56% | 20.84% | 54.18% |
| 2023 | 17.49% | 10.26% | -5.90% | 2.36% | 18.95% | -4.31% | 3.05% | -8.45% | -10.75% | -10.98% | -1.32% | 13.11% | 18.83% |
| 2022 | -16.88% | 15.97% | 5.22% | -5.68% | -1.96% | -8.23% | -2.03% | 12.19% | -14.28% | 19.33% | 4.28% | -3.52% | -2.64% |
| 2021 | 3.18% | 2.09% | 13.33% | 0.23% | 20.37% | -0.44% | 3.12% | 6.32% | -1.74% | -3.25% | -14.65% | 0.49% | 28.21% |
Benchmark Metrics
Biglari Holdings Inc. has an annualized alpha of 7.04%, beta of 0.85, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since February 25, 1992.
- This stock participated in 99.98% of S&P 500 Index downside but only 87.50% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.12 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.04%
- Beta
- 0.85
- R²
- 0.12
- Upside Capture
- 87.50%
- Downside Capture
- 99.98%
Return for Risk
Risk / Return Rank
BH ranks 61 for risk / return — above 61% of stocks peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Biglari Holdings Inc. (BH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.00 | -1.40 |
| Martin ratioReturn relative to average drawdown | 1.29 | 8.49 | -7.20 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Biglari Holdings Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Biglari Holdings Inc. was 87.84%, occurring on Mar 20, 2020. Recovery took 1398 trading sessions.
The current Biglari Holdings Inc. drawdown is 16.65%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-87.84%Mar 2020 | 6y 2mo | 5y 6mo | 11y 9moDec 2013 - Oct 2025 | COVID crash2020 |
-86.56%Nov 2008 | 3y 3mo | 2y 1mo | 5y 4moAug 2005 - Dec 2010 | Financial crisis2007–2009 |
-68.25%Dec 2000 | 1y 11mo | 3y 1mo | 5y 17dJan 1999 - Jan 2004 | Dot-com crash2000–2002 |
-48.04%May 2026 | 3mo 19d | — | 6mo 13dJan 2026 - now | — |
-37.63%Oct 2011 | 7mo 26d | 1y 10mo | 2y 6moFeb 2011 - Aug 2013 | — |
Drawdown Indicators
| BH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.84% | -56.78% | -31.06% |
Max Drawdown (1Y)Largest decline over 1 year | -48.04% | -9.10% | -38.94% |
Max Drawdown (3Y)Largest decline over 3 years | -48.04% | -18.90% | -29.14% |
Max Drawdown (5Y)Largest decline over 5 years | -48.04% | -25.43% | -22.61% |
Max Drawdown (10Y)Largest decline over 10 years | -86.99% | -33.92% | -53.07% |
Current DrawdownCurrent decline from peak | -16.65% | -1.58% | -15.07% |
Average DrawdownAverage peak-to-trough decline | -31.09% | -10.70% | -20.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 2.14% | +20.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Biglari Holdings Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Biglari Holdings Inc. is priced in the market compared to other companies in the Restaurants industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for BH relative to other companies in the Restaurants industry. Currently, BH has a P/S ratio of 2.1. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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