Biglari Holdings Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	1,219	1,080	791	493	427	431
Market Cap Growth	38.33%	36.48%	60.59%	15.48%	-1.08%	18.80%
Enterprise Value	1,235	1,101	807.75	492	447.15	401.66
Last Close Price	1913.70	1740.05	1274.99	793.93	687.50	695.00
PE Ratio	-	-	-	4.19	-	6.21
PS Ratio	3.00	2.73	2.19	1.35	-	1.18
PB Ratio	2.21	2.06	1.38	-	0.78	-
P/TBV Ratio	1.05	1.01	0.72	-	0.44	-
P/FCF Ratio	24.22	14.10	41.50	9.93	-	2.63
P/OCF Ratio	14.46	10.10	15.93	6.75	-	1.89
EV/Sales Ratio	3.04	2.78	2.23	1.35	-	1.10
EV/EBITDA Ratio	18.99	30.74	20.71	8.94	-	7.31
EV/EBIT Ratio	51.56	-	-	30.62	-	16.12
EV/FCF Ratio	24.54	14.37	42.37	9.92	-	2.45
Debt / Equity Ratio	0.58	0.60	0.18	-	0.17	-
Debt / EBITDA Ratio	10.19	10.02	3.85	-	-	-
Debt / FCF Ratio	7.12	4.68	7.88	-	-	-
Net Debt / Equity Ratio	0.03	0.04	0.03	-	0.02	-
Net Debt / EBITDA Ratio	0.45	0.58	0.42	-0.01	-	-0.54
Net Debt / FCF Ratio	0.31	0.27	0.87	-0.01	-2.43	-0.18
Asset Turnover	0.39	0.42	0.58	0.61	0	0.46
Inventory Turnover	64.52	63.04	110.89	109.04	0	163.19
Quick Ratio	2.34	2.31	1.08	0.00	1.01	0.23
Current Ratio	2.45	2.43	1.16	0.00	1.12	0.23
Return on Equity (ROE)	-5.58%	-6.84%	-1.31%	19.99%	0.00%	12.56%
Return on Assets (ROA)	-0.43%	-0.41%	-0.06%	2.29%	0.00%	2.64%
Return on Invested Capital (ROIC)	-0.80%	-0.69%	-0.07%	-	0.00%	-
Return on Capital Employed (ROCE)	-0.66%	-0.63%	-0.18%	3.64%	0.00%	4.28%
Earnings Yield	-	-	-	23.87%	-	16.09%
FCF Yield	4.13%	7.09%	2.41%	10.07%	-	38.07%
Buyback Yield / Dilution	4.83%	6.73%	3.66%	2.70%	6.06%	8.09%
Total Shareholder Return	4.83%	6.73%	3.66%	2.70%	6.06%	8.09%

SEC Filings: 10-K · 10-Q