Biglari Holdings Inc. (BH) P/E Ratio History
Historical price-to-earnings valuation from 1999 to 2025
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BH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Biglari Holdings Inc. (BH) trades at a price-to-earnings ratio of -114.0x, with a stock price of $306.74 and trailing twelve-month earnings per share of $0.67.
The current P/E is 1704% below its 5-year average of 7.1x. Over the past five years, BH's P/E has ranged from a low of 1.3x to a high of 20.4x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.3x, BH trades at a 691% discount to its sector peers. The sector includes 302 companies with P/E ratios ranging from 0.1x to 198.1x.
Relative to the broader market, BH trades at a notable discount to the S&P 500 median P/E of 24.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $404M | 62.2 | - | +21% | |
| $1B | 7.7Lowest | 0.74 | -2% | |
| $196B | 23.1 | 1.69 | +5% | |
| $370M | 25.3 | - | -73% | |
| $322M | 15.2 | - | +17% | |
| $3B | 20.1 | - | -4% | |
| $6B | 16.7 | 0.25Best | +145%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
BH Historical P/E Data (1999–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $292.21 | $21.30 | 13.7x | -4% |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $172.01 | $35.65 | 4.8x | -66% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $189.68 | $9.30 | 20.4x | +42% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $164.93 | $37.85 | 4.4x | -70% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $166.00 | $13.46 | 12.3x | -14% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $197.14 | $74.40 | 2.6x | -82% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $169.20 | $24.20 | 7.0x | -51% |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $142.57 | $21.97 | 6.5x | -55% |
| FY2021 Q3 | $171.81 | $46.91 | 3.7x | -74% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $159.47 | $65.67 | 2.4x | -83% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $132.76 | $102.90 | 1.3x | -91% |
| FY2019 Q4 | $114.42 | $26.29 | 4.4x | -70% |
Average P/E for displayed period: 14.4x
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Start ComparisonBH — Frequently Asked Questions
Quick answers to the most common questions about buying BH stock.
Is BH stock overvalued or undervalued?
BH trades at -114.0x P/E, below its 5-year average of 7.1x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does BH's valuation compare to peers?
Biglari Holdings Inc. P/E of -114.0x compares to sector median of 19.3x. The discount suggests lower growth expectations or higher risk.
What is BH's PEG ratio?
BH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1999-2025.