BH (Biglari Holdings) Days Payable: 51.12 (As of Mar. 2026) — 31% Above Median


BH Biglari Holdings Inc BH
56 GF Score
Price $424.23
GF Value $241.25
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Biglari Holdings Days Payable?

Biglari Holdings BH +0.79% 56 Days Payable is 51.12 as of Mar. 2026, which is 31% above its 10-year median of 39.02. GuruFocus rates BH with a GF Score™ of 56/100 and a GF Value™ of $241.25 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 351 Restaurants companies, Biglari Holdings ranks better than 62.11% on this metric.

Biglari Holdings's average Accounts Payable for the three months ended in Mar. 2026 was $33.1 Mil. Biglari Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was $59.1 Mil. Hence, Biglari Holdings's Days Payable for the three months ended in Mar. 2026 was 51.12.

The historical rank and industry rank for Biglari Holdings's Days Payable or its related term are showing as below:

BH' s Days Payable Range Over the Past 10 Years
Min: 18.74   Med: 39.02   Max: 55.16
Current: 44.02

During the past 13 years, Biglari Holdings's highest Days Payable was 55.16. The lowest was 18.74. And the median was 39.02.

BH's Days Payable is ranked better than
62.11% of 351 companies
in the Restaurants industry
Industry Median: 34.74 vs BH: 44.02

Biglari Holdings's Days Payable increased from Mar. 2025 (42.52) to Mar. 2026 (51.12). It may suggest that Biglari Holdings delayed paying its suppliers.


Biglari Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Biglari Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Biglari Holdings Days Payable Chart

Biglari Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.66 55.16 44.22 41.64 46.56

Biglari Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.52 39.75 40.12 44.61 51.12

BH vs BJRI, PZZA, CBRL: Days Payable Comparison

For the Restaurants subindustry, Biglari Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Biglari Holdings Days Payable vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Biglari Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Biglari Holdings's Days Payable falls into.


BH
56GF Score
Biglari Holdings Inc BH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Biglari Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Biglari Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (28.542 + 34.173) / 2 ) / 245.846*365
=31.3575 / 245.846*365
=46.56

Biglari Holdings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (34.173 + 32.03) / 2 ) / 59.085*365 / 4
=33.1015 / 59.085*365 / 4
=51.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 51.12 mean?
Biglari Holdings (BH) has a Days Payable of 51.12 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Biglari Holdings and its competitors. This is 31% above median its historical median of 39.02. Over the past decade, Biglari Holdings' Days Payable has ranged from 18.74 to 55.16. According to the industry distribution chart, Biglari Holdings ranks #133 out of 351 companies in the Restaurants industry, placing it in the top 37.9%.
Is Biglari Holdings' Days Payable too high?
Biglari Holdings' current Days Payable of 51.12 is 31% above median its 10-year median of 39.02. Over the past 10 years, this metric has ranged from a low of 18.74 to a high of 55.16. The Restaurants industry median Days Payable is 34.74. Biglari Holdings' value of 51.12 is 47.2% above this industry median. Based on the distribution chart, Biglari Holdings ranks #133 out of 351 companies in the Restaurants industry, which is above the industry midpoint. Overall, Biglari Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biglari Holdings' Days Payable compare to BJRI and PZZA?
According to the Restaurants industry distribution chart, Biglari Holdings ranks #133 out of 351 companies for Days Payable. This puts Biglari Holdings in the upper half of its industry. The industry median Days Payable is 34.74. Biglari Holdings' value of 51.12 is 47.2% above this benchmark. Historically, Biglari Holdings' own Days Payable has ranged from 18.74 to 55.16 over the past decade. While the company's 10-year median is 39.02 vs. the industry median of 34.74, Biglari Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Restaurants company?
The median Days Payable among Restaurants companies is 34.74, based on 351 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Biglari Holdings's current Days Payable of 51.12 is 47.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Biglari Holdings and its competitors. For the Restaurants industry, the median Days Payable is 34.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biglari Holdings's current Days Payable is 51.12, which is 31% above median its own 10-year median of 39.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biglari Holdings stock overvalued right now?
Based on GuruFocus' analysis, Biglari Holdings (BH) is currently considered Significantly Overvalued. The stock's GF Value™ is $241.25, compared to a current price of $424.23 — trading 75.8% above its estimated fair value. The current Days Payable is 51.12, which is 31% above median its 10-year median of 39.02 and 47.2% above the Restaurants industry median of 34.74. Biglari Holdings' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Biglari Holdings (BH), the current Days Payable is 51.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Biglari Holdings (BH) Overvalued in 2026?

Based on GuruFocus' analysis, Biglari Holdings stock appears to be overvalued. The current stock price of $424.23 is trading 75.8% above its estimated GF Value™ of $241.25. GuruFocus considers Biglari Holdings to be Significantly Overvalued.

Key valuation signals for BH:

  • Days Payable: 51.12 (31% above median its 10-year median of 39.02)
  • GF Value™: $241.25 vs. price of $424.23 (75.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 47.2% above the Restaurants median (#133 of 351)

No single metric tells the full story. See the BH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Biglari Holdings Business Description

Other Exchanges BH.A:USA
Address 19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259
Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, and Oil and Gas Operations. Its restaurant operations include Steak n Shake and Western Sizzlin. Its insurance operations include First Guard, Southern Pioneer, and Biglari Reinsurance. Oil and gas operations include Southern Oil and Abraxas Petroleum. The company also reports segment information for Maxim. The majority of revenue is derived from the Restaurant Operations Segment.
56GF Score

Get the complete analysis for BH

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$424.23
Price
$241.25
GF Value