Biglari Holdings Inc. (BH)

Biglari Holdings Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 7, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	1,029	790	505	429	439	351
Market Cap Growth	154.51%	56.26%	17.72%	-2.13%	24.97%	-2.71%
Enterprise Value	1,017	772	510	446	437	519
Last Close Price	336.09	254.29	164.93	138.80	142.57	111.20
PE Ratio	26.04	-	9.20	-	12.37	-
PS Ratio	2.73	2.18	1.38	1.17	1.20	0.81
PB Ratio	1.75	1.38	0.84	0.77	0.75	0.62
P/TBV Ratio	2.01	1.59	0.97	0.91	0.86	0.72
P/FCF Ratio	16.45	41.42	10.19	4.38	2.67	3.63
P/OCF Ratio	11.87	15.90	6.92	3.36	1.92	2.99
EV/Sales Ratio	2.70	2.13	1.40	1.21	1.19	1.20
EV/EBITDA Ratio	16.71	12.27	6.51	5.43	6.55	8.57
EV/EBIT Ratio	51.70	33.42	12.95	9.76	11.91	18.30
EV/FCF Ratio	16.26	40.51	10.28	4.55	2.66	5.36
Debt / Equity Ratio	0.21	0.26	0.17	0.21	0.21	0.50
Debt / EBITDA Ratio	1.98	2.37	1.28	1.40	1.48	3.47
Debt / FCF Ratio	2.01	7.88	2.04	1.21	0.74	2.90
Asset Turnover	0.45	0.42	0.44	0.43	0.38	0.40
Inventory Turnover	42.68	46.25	46.02	42.02	55.12	69.49
Quick Ratio	1.26	1.09	1.29	1.02	1.09	0.49
Current Ratio	1.38	1.16	1.37	1.12	1.15	0.51
Return on Equity (ROE)	6.82%	-0.64%	9.62%	-5.65%	6.16%	-6.43%
Return on Assets (ROA)	1.47%	1.68%	2.93%	3.32%	2.40%	1.64%
Return on Capital (ROIC)	1.77%	2.03%	3.58%	4.13%	2.95%	1.97%
Return on Capital Employed (ROCE)	2.70%	3.20%	5.30%	6.60%	4.90%	3.90%
Earnings Yield	3.84%	-0.48%	10.87%	-7.46%	8.09%	-10.82%
FCF Yield	6.08%	2.41%	9.81%	22.84%	37.43%	27.59%
Buyback Yield / Dilution	5.45%	3.66%	2.70%	6.06%	8.09%	-0.13%

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q