Biglari Holdings Inc. (BH)

NYSE: BH · Real-Time Price · USD

388.85

-2.05 (-0.52%)

At close: Aug 21, 2026, 4:00 PM EDT

393.79

+4.94 (1.27%)

After-hours: Aug 21, 2026, 7:56 PM EDT

Biglari Holdings Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 21, 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 Capitalization	1,240	1,048	790	505	429	439
Market Cap Growth	32.04%	32.65%	56.26%	17.72%	-2.13%	24.97%
Enterprise Value	1,256	1,026	772	510	446	437
Last Close Price	388.85	332.43	254.29	164.93	138.80	142.57

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 21, 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
PE Ratio	-	-	-	9.20	-	12.37
PS Ratio	3.06	2.65	2.18	1.38	1.17	1.20
PB Ratio	2.28	2.00	1.38	0.84	0.77	0.75
P/TBV Ratio	2.65	2.34	1.59	0.97	0.91	0.86
P/FCF Ratio	24.64	13.68	41.42	10.19	4.38	2.67
P/OCF Ratio	14.71	9.80	15.90	6.92	3.36	1.92

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 21, 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
EV/Sales Ratio	3.10	2.60	2.13	1.40	1.21	1.19
EV/EBITDA Ratio	19.32	16.39	12.27	6.51	5.43	6.55
EV/EBIT Ratio	52.45	47.05	33.42	12.95	9.76	11.91
EV/FCF Ratio	24.96	13.39	40.51	10.28	4.55	2.66

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 21, 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
Debt / Equity Ratio	0.66	0.69	0.26	0.17	0.21	0.21
Debt / EBITDA Ratio	5.32	5.55	2.37	1.28	1.40	1.48
Debt / FCF Ratio	7.12	4.68	7.88	2.04	1.21	0.74
Net Debt / Equity Ratio	0.03	0.04	0.03	-0.03	0.02	-0.01
Net Debt / EBITDA Ratio	0.24	0.33	0.26	-0.24	0.14	-0.06
Net Debt / FCF Ratio	0.31	0.27	0.87	-0.38	0.12	-0.02
Asset Turnover	0.42	0.42	0.42	0.44	0.43	0.38
Inventory Turnover	45.30	46.90	46.25	46.02	42.02	55.12
Quick Ratio	2.34	2.32	1.09	1.29	1.02	1.09
Current Ratio	2.45	2.43	1.16	1.37	1.12	1.15
Return on Equity (ROE)	-5.25%	-6.84%	-0.64%	9.62%	-5.65%	6.16%
Return on Assets (ROA)	1.56%	1.44%	1.68%	2.93%	3.32%	2.40%
Return on Invested Capital (ROIC)	4.27%	3.84%	3.95%	5.88%	7.95%	4.70%
Return on Capital Employed (ROCE)	2.70%	2.50%	3.20%	5.30%	6.60%	4.90%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 21, 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
Earnings Yield	-2.40%	-3.58%	-0.48%	10.87%	-7.46%	8.09%
FCF Yield	4.06%	7.31%	2.41%	9.81%	22.84%	37.43%
Buyback Yield / Dilution	4.83%	6.73%	3.66%	2.70%	6.06%	8.09%

SEC Filings: 10-K · 10-Q