Stock AnalizBiglari Holdings Inc. BH
Restaurants · IPO 2018 · data as of November 13, 2026
Biglari Holdings Inc. (BH) is a consumer discretionary company listed in the US with a market value of about $1.2B. In the twelve months to September 30, 2026 it had revenue of $418M and net income of -$23M, a net margin of -5.6%.
Its overall Stock Analiz score is 1.0 out of 5 (weak). The strongest part is financial health (4/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 48.2, 5-year revenue growth of -2% a year, a 5-year average ROIC of 4%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 85% below the current price.
Score: 1.0 / 5
Checks passed
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
- Liabilities below 60% of assets
- Share count down over 3 years (buybacks)
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $418M | $395M | $362M | $365M | $368M | $366M | $434M | $669M | $810M | $840M | — |
| Net income | -$23M | -$37M | -$4M | $55M | -$32M | $35M | -$38M | $45M | $19M | $50M | $99M |
| Free cash flow | $25M | $77M | $19M | $50M | $98M | $164M | $97M | $76M | $5M | — | — |
| EPS (diluted) | $-7.17 | $-143.86 | $-13.45 | $189.49 | $-107.43 | $111.83 | $-110.05 | $131.64 | — | — | — |
| Net margin | -5.6% | -9.5% | -1.0% | 15.0% | -8.7% | 9.7% | -8.8% | 6.8% | 2.4% | 6.0% | — |
| ROIC | — | 1.8% | 3.9% | 5.8% | 4.6% | 2.8% | -0.9% | -2.0% | -3.3% | 0.0% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
Is Biglari stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 85% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Biglari pay a dividend?
Not currently.
Is Biglari a good stock to buy?
We do not give buy or sell advice. Biglari scores 1.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.