Biglari Holdings Inc
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 19.5 | 23.4 | 28.4 | 13.6 | 10.1 | 13.5 | 11.3 | 21.4 | 18.7 | 14.6 | 16.4 | 24.2 | – | 71.8 | 19.1 | 13.2 | 24.2 | 5.2 | 4.6 | – | 5.8 | 10.2 | 12.1 | 5.2 | – | 8.3 | – | 4.3 | – | – | |
| 1.1 | 1.4 | 1.8 | 0.8 | 0.5 | 0.7 | 0.6 | 0.9 | 0.9 | 0.7 | 0.7 | 0.4 | 0.3 | 0.7 | 0.8 | 0.6 | 0.7 | 1.0 | 0.6 | 0.6 | 0.7 | 0.6 | 0.3 | 0.4 | 0.5 | 0.8 | 0.6 | 0.6 | 1.0 | 2.6 | |
| 4.4 | 4.0 | 4.7 | 2.1 | 1.2 | 1.8 | 1.6 | 2.3 | 2.3 | 1.7 | 1.6 | 0.9 | 0.6 | 1.5 | 2.2 | 1.6 | 1.5 | 1.3 | 0.7 | 1.1 | 1.1 | 0.9 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.6 | 2.0 | |
| 1.2 | 1.4 | 1.8 | 0.8 | 0.6 | 0.7 | 0.9 | 1.2 | 1.2 | 1.0 | 1.0 | 0.7 | 0.5 | 0.8 | 1.0 | 0.9 | 1.0 | 1.1 | 0.7 | 0.8 | 0.8 | 0.8 | 0.5 | 0.5 | 0.9 | 0.7 | 0.5 | 0.6 | 1.1 | 2.6 | |
| 8.5 | 9.9 | 11.0 | 5.9 | 4.4 | 6.0 | 6.1 | 8.1 | 8.3 | 7.5 | 7.7 | 7.4 | 24.8 | 10.2 | 7.8 | 6.8 | 9.4 | 17.7 | 14.8 | 76.3 | 13.0 | 22.3 | 6.7 | 10.5 | 6.2 | 4.0 | 2.4 | 2.0 | 10.2 | – | |
| – | – | – | – | – | 100.6 | 19.1 | 22.4 | 464.0 | 670.6 | – | – | – | 9.2 | 8.9 | 7.8 | 12.7 | 29.5 | – | 12.2 | 11.3 | 28.7 | 81.5 | 3.1 | 2.4 | 1.8 | 2.1 | 4.7 | 18.7 | 13.5 | |
| -6.9% | -5.8% | -2.6% | -12.0% | -18.5% | 1.0% | 5.2% | 4.5% | 0.2% | 0.1% | -4.5% | -8.8% | -4.5% | 10.8% | 11.2% | 12.8% | 7.9% | 3.4% | -1.8% | 8.2% | 8.9% | 3.5% | 1.2% | 32.1% | 42.1% | 55.7% | 47.4% | 21.1% | 5.4% | 7.4% | |
| Margins | ||||||||||||||||||||||||||||||
| 28.2% | 28.8% | 28.3% | 25.4% | 28.6% | 27.5% | 28.8% | 28.1% | 27.8% | 28.3% | 27.6% | 25.5% | 75.2% | 73.7% | 25.6% | 26.1% | 25.8% | 25.0% | 20.4% | 21.3% | 21.4% | 18.2% | 18.3% | 20.2% | 31.6% | 39.0% | 41.5% | 31.9% | 38.3% | 27.5% | |
| 8.4% | 9.0% | 9.0% | 7.4% | 8.8% | 8.1% | 10.9% | 8.8% | 9.6% | 9.1% | 8.0% | 4.9% | -1.3% | 1.1% | 7.4% | 7.4% | 5.9% | 4.1% | 1.5% | 2.7% | 3.7% | 0.0% | 4.5% | 5.2% | 14.0% | 18.2% | 22.3% | 10.8% | 6.4% | 4.6% | |
| 5.8% | 6.1% | 6.4% | 5.7% | 4.5% | 4.9% | 5.0% | 4.2% | 5.0% | 5.0% | 4.4% | 1.8% | -3.8% | 1.0% | 4.2% | 4.9% | 2.9% | 18.6% | 12.2% | -1.8% | 11.7% | 6.0% | 2.4% | 6.8% | -8.8% | 9.7% | -8.7% | 15.0% | -1.0% | -9.5% | |
| -7.8% | -8.4% | -4.8% | -9.3% | -8.5% | 0.7% | 3.0% | 4.0% | 0.2% | 0.1% | -3.3% | -3.9% | -1.1% | 7.4% | 8.9% | 8.3% | 5.6% | 3.3% | -1.0% | 4.8% | 6.0% | 2.1% | 0.4% | 11.4% | 22.3% | 44.9% | 26.6% | 13.6% | 5.3% | 19.4% | |
| Returns | ||||||||||||||||||||||||||||||
| 22.5% | 17.3% | 16.4% | 15.1% | 12.2% | 13.1% | 13.8% | 10.8% | 12.3% | 11.7% | 9.8% | 3.9% | -8.1% | 2.1% | 11.3% | 12.4% | 6.2% | 24.8% | 15.8% | -3.5% | 18.7% | 8.8% | 3.4% | 7.4% | -6.7% | 6.0% | -5.9% | 9.2% | -0.7% | -7.2% | |
| 9.9% | 9.6% | 10.3% | 9.7% | 7.7% | 8.9% | 5.8% | 5.0% | 6.2% | 6.2% | 5.2% | 2.1% | -4.4% | 1.2% | 5.0% | 5.1% | 2.8% | 14.2% | 8.6% | -1.6% | 9.1% | 4.7% | 1.9% | 4.0% | -3.7% | 4.0% | -3.9% | 6.5% | -0.4% | -3.6% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| 5.7 | -0.6 | -7.0 | 0.0 | 43 | 28 | 175 | 147 | 136 | 158 | 175 | 188 | 163 | 102 | 117 | 150 | 188 | 138 | 100 | 157 | 129 | 130 | 137 | 130 | 145 | -25 | -10 | -13 | 29 | -7.8 | |
| 0.2 | 0.0 | -0.1 | 0.0 | 0.8 | 0.5 | 2.5 | 2.0 | 1.7 | 2.0 | 2.1 | 2.9 | 12.7 | 1.9 | 1.4 | 1.7 | 2.5 | 2.8 | 2.6 | 18.1 | 2.4 | 4.5 | 2.5 | 3.7 | 2.4 | -0.4 | -0.1 | -0.1 | 0.8 | – | |
| 44.0% | 55.6% | 62.7% | 64.4% | 63.2% | 67.7% | 42.2% | 46.6% | 50.7% | 52.6% | 52.9% | 53.9% | 54.5% | 56.7% | 44.2% | 41.6% | 45.1% | 57.1% | 54.4% | 45.0% | 48.5% | 53.7% | 55.4% | 54.1% | 55.5% | 65.7% | 66.0% | 70.6% | 66.2% | 49.9% | |
| 0.1 | 0.0 | 0.0 | 0.0 | 0.3 | 0.2 | 1.1 | 0.9 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.7 | 0.9 | 0.7 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | |
| Per Share | ||||||||||||||||||||||||||||||
| 6.06 | 5.83 | 7.58 | 8.58 | 7.84 | 9.40 | 10.21 | 9.56 | 12.35 | 13.33 | 12.36 | 5.18 | -10.06 | 2.60 | 12.37 | 16.00 | 9.26 | 60.46 | 57.39 | -6.79 | 54.24 | 27.20 | 9.37 | 21.94 | -18.36 | 17.15 | -21.49 | 38.55 | -2.69 | -12.08 | |
| 104.53 | 95.14 | 118.13 | 150.94 | 172.38 | 193.10 | 203.76 | 227.82 | 247.26 | 267.66 | 281.95 | 286.89 | 267.20 | 271.40 | 296.64 | 328.28 | 314.72 | 325.79 | 471.33 | 369.08 | 463.66 | 456.23 | 391.51 | 323.32 | 209.65 | 176.98 | 247.11 | 256.28 | 258.74 | 127.38 | |
| 26.96 | 33.68 | 46.34 | 56.69 | 64.16 | 71.47 | 73.87 | 88.51 | 100.70 | 114.01 | 126.68 | 132.92 | 124.20 | 126.32 | 109.62 | 129.46 | 149.64 | 243.36 | 363.55 | 193.39 | 290.14 | 310.38 | 275.76 | 297.92 | 273.04 | 284.10 | 367.05 | 420.45 | 409.39 | 168.69 | |
| -8.12 | -7.97 | -5.66 | -14.06 | -14.59 | 1.26 | 6.04 | 9.13 | 0.50 | 0.29 | -9.21 | -11.06 | -3.07 | 20.15 | 26.40 | 27.11 | 17.70 | 10.61 | -4.69 | 17.74 | 27.99 | 9.64 | 1.39 | 36.74 | 46.82 | 79.38 | 65.82 | 34.79 | 13.62 | 24.69 | |
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.