Biglari Holdings (FRA:SQ7B) E10: €10.76 (As of Jun. 2026)

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FRA:SQ7B Biglari Holdings Inc FRA:SQ7B
54 GF Score
Price €296.00
GF Value €166.41
! 5 Warning Signs
View Full Analysis

What is Biglari Holdings E10?

Biglari Holdings FRA:SQ7B 54 E10 is €10.76 as of Jun. 2026. GuruFocus rates FRA:SQ7B with a GF Score™ of 54/100 and a GF Value™ of €166.41. The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Biglari Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was €27.455. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €10.76 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Biglari Holdings's average E10 Growth Rate was -35.70% per year. During the past 3 years, the average E10 Growth Rate was -16.20% per year. During the past 5 years, the average E10 Growth Rate was -11.20% per year. During the past 10 years, the average E10 Growth Rate was 1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Biglari Holdings was 19.40% per year. The lowest was -16.20% per year. And the median was 8.80% per year.

As of today (2026-09-13), Biglari Holdings's current stock price is €296.00. Biglari Holdings's E10 for the quarter that ended in Jun. 2026 was €10.76. Biglari Holdings's Shiller PE Ratio of today is 27.51.

During the past 13 years, the highest Shiller PE Ratio of Biglari Holdings was 33.62. The lowest was 1.92. And the median was 7.17.


Biglari Holdings  (FRA:SQ7B) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Biglari Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=296.00/10.76
=27.51

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Biglari Holdings was 33.62. The lowest was 1.92. And the median was 7.17.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Biglari Holdings E10 Related Terms


Biglari Holdings E10 Historical Data

* Premium members only.

The historical data trend for Biglari Holdings's E10 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 E10 Chart

Biglari Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.90 26.13 20.74 17.61 14.93

Biglari Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 16.52 15.56 14.93 9.94 10.76

FRA:SQ7B vs CBRL, BJRI, BLMN: E10 Comparison

For the Restaurants subindustry, Biglari Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Restaurants Industry

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

* The bar in red indicates where Biglari Holdings's Shiller PE Ratio falls into.


FRA:SQ7B
54GF Score
Biglari Holdings Inc FRA:SQ7B
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Biglari Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Biglari Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=27.455/333.9520*333.9520
=27.455

Current CPI (Jun. 2026) = 333.9520.

Biglari Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 -29.391 241.428 -40.655
201612 36.719 241.432 50.790
201703 -26.629 243.801 -36.476
201706 10.191 244.955 13.894
201709 -11.234 246.819 -15.200
201712 18.926 246.524 25.638
201803 -0.557 249.554 -0.745
201806 -3.724 251.989 -4.935
201809 -6.770 252.439 -8.956
201812 12.025 251.233 15.984
201903 5.018 254.202 6.592
201906 11.240 256.143 14.654
201909 -0.009 256.759 -0.012
201912 3.946 256.974 5.128
202003 -72.467 258.115 -93.759
202006 107.901 257.797 139.776
202009 10.196 260.280 13.082
202012 9.624 260.474 12.339
202103 37.514 264.877 47.297
202106 -10.632 271.696 -13.068
202109 -5.738 274.310 -6.986
202112 -2.469 278.802 -2.957
202203 -0.182 287.504 -0.211
202206 -46.235 296.311 -52.108
202209 22.044 296.808 24.803
202212 3.059 296.797 3.442
202303 41.526 301.836 45.944
202306 1.228 305.109 1.344
202309 -36.646 307.789 -39.761
202312 13.192 306.746 14.362
202403 14.637 312.332 15.650
202406 -31.939 314.175 -33.950
202409 20.678 315.301 21.901
202412 -6.991 315.605 -7.397
202503 -23.384 319.799 -24.419
202506 33.735 322.561 34.926
202509 -3.476 324.800 -3.574
202512 -32.648 324.054 -33.645
202603 -9.653 330.213 -9.762
202606 27.455 333.952 27.455

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €10.76 mean?
Biglari Holdings (FRA:SQ7B) has a E10 of €10.76 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Biglari Holdings and its competitors.
Is Biglari Holdings' E10 too high?
Biglari Holdings' current E10 is €10.76. Overall, Biglari Holdings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Biglari Holdings' E10 compare to CBRL and BJRI?
Biglari Holdings' E10 of €10.76 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Restaurants company?
A good E10 depends on the Restaurants industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Biglari Holdings and its competitors. Biglari Holdings's current E10 is €10.76. 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?
Biglari Holdings (FRA:SQ7B) has a current E10 of €10.76. The stock's GF Value™ is €166.41, compared to a current price of €296.00 — trading 77.9% above its estimated fair value. The current E10 is €10.76. Biglari Holdings' overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Biglari Holdings (FRA:SQ7B), the current E10 is €10.76 as of Jun. 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 (FRA:SQ7B) Overvalued in 2026?

Based on GuruFocus' analysis, Biglari Holdings stock appears to be overvalued. The current stock price of €296.00 is trading 77.9% above its estimated GF Value™ of €166.41.

Key valuation signals for FRA:SQ7B:

  • E10: €10.76
  • GF Value™: €166.41 vs. price of €296.00 (77.9% above fair value)
  • GF Score™: 54/100 with 5 warning signs

No single metric tells the full story. See the FRA:SQ7B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Biglari Holdings Business Description

Other Exchanges BH.A:USABH: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.
54GF Score

Get the complete analysis for FRA:SQ7B

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€296.00
Price
€166.41
GF Value