Biglari Holdings Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 29, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	996	763	457	402	386	287
Market Cap Growth	33.90%	66.83%	13.82%	4.15%	34.41%	-10.74%
Enterprise Value	977	746	461	418	384	424
PE Ratio	558.49	-	9.20	-	12.37	-
PS Ratio	3.02	2.18	1.38	1.17	1.20	0.81
PB Ratio	2.01	1.38	0.84	0.77	0.75	0.62
P/TBV Ratio	2.32	1.59	0.97	0.91	0.86	0.72
P/FCF Ratio	14.40	41.42	10.19	4.38	2.67	3.63
P/OCF Ratio	10.90	15.90	6.92	3.36	1.92	2.99
EV/Sales Ratio	3.00	2.13	1.40	1.21	1.19	1.20
EV/EBITDA Ratio	17.99	12.27	6.51	5.43	6.55	8.57
EV/EBIT Ratio	48.55	33.42	12.95	9.76	11.91	18.30
EV/FCF Ratio	14.13	40.51	10.28	4.55	2.66	5.36
Debt / Equity Ratio	0.60	0.26	0.17	0.21	0.21	0.50
Debt / EBITDA Ratio	5.38	2.37	1.28	1.40	1.48	3.47
Debt / FCF Ratio	4.28	7.88	2.04	1.21	0.74	2.90
Asset Turnover	0.40	0.42	0.44	0.43	0.38	0.40
Inventory Turnover	45.22	46.25	46.02	42.02	55.12	69.49
Quick Ratio	2.73	1.09	1.29	1.02	1.09	0.49
Current Ratio	2.83	1.16	1.37	1.12	1.15	0.51
Return on Equity (ROE)	0.35%	-0.64%	9.62%	-5.65%	6.16%	-6.43%
Return on Assets (ROA)	1.54%	1.68%	2.93%	3.32%	2.40%	1.64%
Return on Invested Capital (ROIC)	4.21%	3.95%	5.88%	7.95%	4.70%	3.62%
Return on Capital Employed (ROCE)	2.60%	3.20%	5.30%	6.60%	4.90%	3.90%
Earnings Yield	0.18%	-0.48%	10.87%	-7.46%	8.09%	-10.82%
FCF Yield	6.94%	2.41%	9.81%	22.84%	37.43%	27.59%
Buyback Yield / Dilution	6.48%	3.66%	2.70%	6.06%	8.09%	-0.13%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.