Biglari Holdings Inc

10-Year Study

BH-A.US · Consumer Cyclical · US · Common Stock

Executive Summary: Biglari Holdings Inc has compounded at 6.0% annually over the last 10 years, with a maximum drawdown of 72.2% and an annualized volatility of 55.0%.

1Y CAGR
+45.4%
3Y CAGR
+19.4%
5Y CAGR
+15.9%
10Y CAGR
+6.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
72.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.31
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.46
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
47.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +60.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -2.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
63%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202613.11.0-12.4-2.7————————-2.6%
2025-12.96.7-7.14.34.916.46.15.1-1.113.5-13.014.136.5%
2024-0.613.87.93.2-2.0-6.97.7-9.4-6.61.127.718.660.6%
202316.411.9-7.03.916.8-5.95.9-8.7-8.9-15.13.48.015.5%
2022-10.114.32.2-6.4-1.2-12.92.010.1-6.57.84.5-1.1-1.1%
2021-2.42.515.4-4.527.1-5.02.110.6-6.70.0-15.70.618.8%
20205.0-4.6-50.519.6-14.410.2-5.647.24.8-10.431.12.1-2.2%
201912.35.95.20.2-33.68.4-13.9-3.827.6-23.234.13.82.1%
2018—————-11.22.9-2.0-3.8-18.7-6.8-15.9-45.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 55.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 45.0% of variance. Idiosyncratic stock-specific factors contribute 23.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2018-05-0110000
2018-06-018878.505268403384
2018-07-019134.766870796
2018-08-018954.39291615336
2018-09-018616.822852015337
2018-10-017009.345820664855
2018-11-016530.3745028148405
2018-12-015492.243175935446
2019-01-016168.598653520403
2019-02-016532.710559736293
2019-03-016873.1779716485335
2019-04-016887.851182772887
2019-05-014574.766893285116
2019-06-014958.131356864882
2019-07-014271.027955938949
2019-08-014109.906558660188
2019-09-015244.672679818989
2019-10-014028.0377431085144
2019-11-015401.776021710993
2019-12-015607.476469122585
2020-01-015885.94888467572
2020-02-015612.848556700074
2020-03-012779.9508406665814
2020-04-013325.0748301907756
2020-05-012847.496900484444
2020-06-013139.105770903938
2020-07-012963.034733783684
2020-08-014361.951451808308
2020-09-014570.884709640682
2020-10-014095.3617229061674
2020-11-015369.2764379939
2020-12-015481.722017847175
2021-01-015351.285145217376
2021-02-015486.782068940573
2021-03-016329.936508540382
2021-04-016045.824010111107
2021-05-017681.344969076998
2021-06-017299.592225475127
2021-07-017449.800779229126
2021-08-018236.545019602545
2021-09-017683.782227020316
2021-10-017683.874994623695
2021-11-016474.991306551108
2021-12-016512.473166502199
2022-01-015856.353208058338
2022-02-016692.479798917318
2022-03-016840.439441074252
2022-04-016402.463907545744
2022-05-016324.970162096863
2022-06-015508.240433762572
2022-07-015617.618123378851
2022-08-016184.506891930146
2022-09-015781.764306755665
2022-10-016231.359216869011
2022-11-016512.473166502199
2022-12-016442.194679093902
2023-01-017496.371990218359
2023-02-018386.566164056789
2023-03-017800.8183976711025
2023-04-018101.235505179102
2023-05-019463.607409751412
2023-06-018901.941738384301
2023-07-019428.936689296652
2023-08-018611.45732376334
2023-09-017847.670722609967
2023-10-016662.400606306566
2023-11-016887.291766013117
2023-12-017439.493267742576
2024-01-017392.828352103469
2024-02-018412.006976498593
2024-03-019075.201636008223
2024-04-019369.059418024783
2024-05-019183.05568801749
2024-06-018550.549301342815
2024-07-019211.167082980808
2024-08-018348.334666906674
2024-09-017799.600237222691
2024-10-017885.714810460325
2024-11-0110073.343566505797
2024-12-0111947.249154760631
2025-01-0110400.372794579074
2025-02-0111094.630545523172
2025-03-0110307.417781900365
2025-04-0110747.92334097557
2025-05-0111272.763084940736
2025-06-0113122.024350277725
2025-07-0113924.510971830601
2025-08-0114633.57405745538
2025-09-0114477.368406109206
2025-10-0116428.674035163043
2025-11-0114291.177266802157
2025-12-0116305.077601974319
2026-01-0118448.758877227137
2026-02-0118639.26043042856
2026-03-0116329.81562954204
2026-04-0115885.37447517197
Annual Return Matrix
YearAnnual Return
20190.020981098158952438
2020-0.022426211142904107
20210.18803418803418803
2022-0.010791366906474864
20230.15480727272727268
20240.6059224364868441
20250.3647558020062902
2026-0.025740639636792073
Total Factor Risk
0.5497371145017464
VTI.US Exposure
0.00025040243602546686
VEA.US Exposure
0.06498842919533251
VWO.US Exposure
0.007185425109651743
QQQ.US Exposure
-0.009341155376329105
VTV.US Exposure
-0.016921928601937804
IJR.US Exposure
0.10945664800878735
QUAL.US Exposure
-0.0033464865527929365
SHV.US Exposure
0.45034475474885094
TLT.US Exposure
0.003613101677288613
LQD.US Exposure
-0.00027510427208298475
HYG.US Exposure
-0.0024216848109224476
GLD.US Exposure
0.005133637214329046
USO.US Exposure
0.00018368011778727378
VNQ.US Exposure
0.00854620327687323
BTC-USD.CC Exposure
-0.0007033426065548307
CPER.US Exposure
0.0054535179126731625
VIX.INDX Exposure
0.005673339486838614
UUP.US Exposure
0.09472141932192052
TIP.US Exposure
0.044364492708588985
Idiosyncratic Exposure
0.23309465100567273
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
55.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$1.1B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-7.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
31.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.71
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Biglari Holdings Inc a high-risk investment?

Biglari Holdings Inc (BH-A.US) has an annualized volatility of 55.0% and experienced a maximum drawdown of 72.2% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BH-A.US?

Over the past 10 years, BH-A.US has generated a Compound Annual Growth Rate (CAGR) of 6.0%. It has had a positive return in 63% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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