NYSE · Restaurants · USD

Biglari Holdings Inc. (BH) Stock Analysis

Biglari Holdings Inc. (BH) is a Restaurants stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

$414.29

−$27.92 (−6.31%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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BH Key Statistics

As of Oct 21, 2026

Trading

Open: $443.00
Previous Close: $442.21
Day's Range: 412.34–449.90
52-Week Range: 234.92–483.60
Volume: 144.08K
Beta: 0.51

Valuation

Market Cap: $1.41B
P/E Ratio: unprofitable
PEG Ratio: −18.80
P/S ratio: 3.47
EPS (ttm): −22.74

Financials (FY)

Revenue (FY): $395.26M+9.15%
Net Income (FY): −$37.49M
Profit margin: −7.33%
Shares Outstanding: 2.11M
1-Year Return: +14.38%

Dividend and dates

Earnings Date: November 6, 2026
Avg Volume: 152.72K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, BH closed at $414.29, +14.38% over 1 year.

Biglari Holdings Inc. (BH) has a market capitalization of $1.41B.

In fiscal 2025, BH reported revenue of $395.26M.

BH Stock Return by Calendar Year

Biglari Holdings Inc. (BH) 10-year return: what $10,000 became

1 year: $10,000 $11,438; +14.38%
5 years: $10,000 $24,995; +149.95%
10 years: $10,000 $14,142; +41.42%

If you had invested $10,000 in Biglari Holdings Inc. (BH) 10 years ago, at the close on October 21, 2016, it would have been worth $14,142 at the close on October 21, 2026: +41.42% in total, +3.53% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−58.89%+54.18%+24.62%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+24.62%
2025	+30.73%
2024	+54.18%
2023	+18.83%
2022	−2.64%
2021	+28.21%
2020	−2.81%
2019	+0.74%
2018	−58.89%
2017	−12.43%
2016 (partial year)	+15.87%

As of October 21, 2026.

BH Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$395.26M	−$37.49M	−9.5%
2024	$362.11M	−$3.76M	−1.0%
2023	$365.32M	$54.95M	15.0%
2022	$368.23M	−$32.02M	−8.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$395.26M	$149.42M	$21.80M	−$37.49M	−9.5%
2024	$362.11M	$138.62M	$23.11M	−$3.76M	−1.0%
2023	$365.32M	$155.36M	$39.38M	$54.95M	15.0%
2022	$368.23M	$152.78M	$45.73M	−$32.02M	−8.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

BH Valuation vs Restaurants Median

Median of 58 stocks

Metric	BH	Restaurants median	vs median
P/S ratio	3.47	1.21	188% above
Profit margin	−7.33%	2.36%	9.7 pts below

Medians across 58 Restaurants stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Biglari Holdings Inc. (BH) at $1.41B. The company sits in the Consumer Cyclical sector, in the Restaurants industry. The company reports 2,359 employees.

BH last closed at $414.29 on October 21, 2026. That is −$27.92 (−6.31%) against the previous close. The 52-week range on file runs from $234.92 to $483.60. The latest close sits 76.35% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $395.26M. That is +9.15% against the prior fiscal year, when revenue was $362.11M. The same year closed with a net loss of $37.49M. Profit margin runs at −7.33%. That is 9.7 percentage points below the Restaurants median of 2.36%. Earnings per share on a trailing basis come to −22.74.

Across the 4 fiscal years on file, revenue moves from $368.23M in 2022 to $395.26M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The PEG ratio, which sets the P/E against expected earnings growth, reads −18.8. Measured against sales, the shares trade at 3.47 times revenue. On price-to-sales that is 187.88% above the Restaurants median of 1.21. 58 Restaurants companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.51. Daily returns over the trailing 10 years annualize to a volatility of 45.7%. Over the trailing twelve months the total return is +14.38%. Measured over 10 years, that is +3.53% a year compounded.

Growth & Income

No dividend is on file for BH.

So far in 2026 the total return is +24.62%. Across the complete calendar years on file, 2024 returned +54.18% and 2018 returned −58.89%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Biglari Holdings Inc. (BH) operates in the Restaurants industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Biglari Holdings Inc.	BH	$1.41B	—
McDonald's Corporation	MCD	$174.26B	20.0
Starbucks Corporation	SBUX	$112.95B	57.3
Yum! Brands, Inc.	YUM	$41.27B	19.1

The Restaurants industry average P/E ratio is 21.1x. Biglari Holdings Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Biglari Holdings Inc.

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. It also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, the company operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM brand names. Further, it involved investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.

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