Biglari Holdings Inc. (BH)
Consumer · NYQ
Price as at 30 Sept 2026, 16:29 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Biglari Holdings Inc. trades at $340.26, which is 143% below the $826.95 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 28 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
BH dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 1990 | $18.27 | 4 |
| 1989 | $0.664 | 4 |
| 1988 | $0.623 | 4 |
| 1987 | $0.374 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
BH passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$21.56M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$13.21M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$12.20M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$11.41M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$4.04M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in BH
Trades in BH disclosed by members of Congress and executive-branch officials, latest first:
- Cindy Axne · HouseSell · $1,001 - $15,000 · traded 4 Mar 2019 · disclosed 8 Oct 2021
- Cindy Axne · HouseSell · $1,001 - $15,000 · traded 28 Feb 2019 · disclosed 8 Oct 2021
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
BH peers
The largest companies in the same industry (Restaurants), then in the same sector.
- MCD McDonald's Corporation
- QSR Restaurant Brands International Inc.
- RSTRF Restaurant Brands International Limited Partnership
- BROS Dutch Bros Inc.
- LKNCY Luckin Coffee Inc.
- CAVA CAVA Group, Inc.
- EAT Brinker International, Inc.
- CAKE The Cheesecake Factory Incorporated
Every consumer company we cover is on the Consumer hub.
Common questions
Is Biglari Holdings Inc. (BH) undervalued?
Against our fair value estimate of $826.95, BH at $340.26 is 143% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own BH?
8 of the institutions we track reported a position in BH in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
Where does SteadyShares get its BH data?
Fundamentals for BH come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 16:29 UTC and is delayed. Our data quality score for this company is 83/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for BH, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.