FRPH vs. BH
FRPH (FRP Holdings, Inc.) and BH (Biglari Holdings Inc.) are both stocks. FRPH operates in Real Estate - Services (Real Estate), while BH operates in Restaurants (Consumer Cyclical). Over the past 10 years, FRPH returned 2.47%/yr vs 3.77%/yr for BH. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
FRPH vs. BH - Performance Comparison
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Returns By Period
In the year-to-date period, FRPH achieves a -2.06% return, which is significantly lower than BH's 19.57% return. Over the past 10 years, FRPH has underperformed BH with an annualized return of 2.47%, while BH has yielded a comparatively higher 3.77% annualized return.
FRPH
- 1D
- -1.28%
- 1M
- -11.81%
- 6M
- -6.65%
- YTD
- -2.06%
- 1Y
- -13.99%
- 3Y*
- -7.50%
- 5Y*
- -5.78%
- 10Y*
- 2.47%
- ALL TIME*
- 6.63%
BH
- 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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.70M | $55.45M | $31.73M | |
| $1.93M | $1.56M | $1.71M |
FRPH vs. BH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRPH FRP Holdings, Inc. | -2.06% | -25.60% | -2.58% | 16.75% | -6.82% | 26.89% | -8.55% | 8.26% | 3.98% | 17.37% |
BH Biglari Holdings Inc. | 19.57% | 30.73% | 54.18% | 18.83% | -2.64% | 28.21% | -2.81% | 0.74% | -58.89% | -12.43% |
Correlation
The correlation between FRPH and BH is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 1992 | 0.17 |
Fundamentals
FRPH:
$427.88M
BH:
$1.25B
FRPH:
$0.07
BH:
-$9.06
FRPH:
6.57
BH:
2.07
FRPH:
$43.13M
BH:
$397.71M
FRPH:
$9.98M
BH:
$93.91M
FRPH:
$12.78M
BH:
$93.04M
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Return for Risk
FRPH vs. BH — Risk / Return Rank
FRPH
BH
FRPH vs. BH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FRP Holdings, Inc. (FRPH) and Biglari Holdings Inc. (BH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FRPH | BH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.15 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.60 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.25 | 1.29 | -2.54 |
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Drawdowns
FRPH vs. BH - Drawdown Comparison
The maximum FRPH drawdown since its inception was -61.53%, smaller than the maximum BH drawdown of -87.84%. Use the drawdown chart below to compare losses from any high point for FRPH and BH.
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Drawdown Indicators
| FRPH | BH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.53% | -87.84% | +26.31% |
Max Drawdown (1Y)Largest decline over 1 year | -22.37% | -48.04% | +25.67% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -48.04% | +11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -48.04% | +11.79% |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | -86.99% | +33.02% |
Current DrawdownCurrent decline from peak | -33.72% | -16.65% | -17.07% |
Average DrawdownAverage peak-to-trough decline | -19.78% | -31.09% | +11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 22.45% | -10.03% |
Volatility
FRPH vs. BH - Volatility Comparison
The current volatility for FRP Holdings, Inc. (FRPH) is 5.94%, while Biglari Holdings Inc. (BH) has a volatility of 12.50%. This indicates that FRPH experiences smaller price fluctuations and is considered to be less risky than BH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRPH | BH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 12.50% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 42.41% | -23.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.52% | 51.69% | -25.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.58% | 39.11% | -12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.25% | 45.54% | -14.29% |
Dividends
FRPH vs. BH - Dividend Comparison
Neither FRPH nor BH has paid dividends to shareholders.
Financials
FRPH vs. BH - Financials Comparison
This section allows you to compare key financial metrics between FRP Holdings, Inc. and Biglari Holdings Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FRPH vs. BH - Profitability Comparison
FRPH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, FRP Holdings, Inc. reported a gross profit of 0.00 and revenue of 10.59M. Therefore, the gross margin over that period was 0.0%.
BH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Biglari Holdings Inc. reported a gross profit of 0.00 and revenue of 97.48M. Therefore, the gross margin over that period was 0.0%.
FRPH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, FRP Holdings, Inc. reported an operating income of 512.00K and revenue of 10.59M, resulting in an operating margin of 4.8%.
BH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Biglari Holdings Inc. reported an operating income of 0.00 and revenue of 97.48M, resulting in an operating margin of 0.0%.
FRPH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, FRP Holdings, Inc. reported a net income of -687.00K and revenue of 10.59M, resulting in a net margin of -6.5%.
BH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Biglari Holdings Inc. reported a net income of -14.53M and revenue of 97.48M, resulting in a net margin of -14.9%.
Frequently Asked Questions
FRPH and BH have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BH has higher volatility (12.50%) compared to FRPH (5.94%). In terms of maximum drawdown, FRPH dropped -61.53% vs BH's -87.84%.
BH currently has the higher Sharpe Ratio (0.56 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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