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Biglari HoldingsBH -1.74%61 Earnings Yield (Joel Greenblatt) % is -0.65% as of Mar. 2026. GuruFocus rates BH with a GF Score™ of 61/100 and a GF Value™ of $242.72 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 368 Restaurants companies, Biglari Holdings ranks worse than 75% on this metric.
Biglari Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $1,078.0 Mil.
Biglari Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-7.0 Mil. Biglari Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was -0.65%.
The historical rank and industry rank for Biglari Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.99 Med: 5.7 Max: 114.72
Current: -0.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Biglari Holdings was 114.72%. The lowest was -62.99%. And the median was 5.70%.
BH's Earnings Yield (Joel Greenblatt) % is ranked worse than 75% of 368
companies
in the Restaurants industry
Industry Median: 3.91
vs BH: -0.56
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Biglari Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Biglari Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Biglari Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Biglari Holdings's Earnings Yield (Joel Greenblatt) % 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.
For the Restaurants subindustry, Biglari Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Biglari Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Biglari Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Biglari Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Biglari Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.0 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -0.65% mean?
Biglari Holdings (BH) has a Earnings Yield (Joel Greenblatt) % of -0.65% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Biglari Holdings and its competitors. According to the industry distribution chart, Biglari Holdings ranks #276 out of 368 companies in the Restaurants industry, placing it in the top 75%.
Is Biglari Holdings' Earnings Yield (Joel Greenblatt) % too high?
Biglari Holdings' current Earnings Yield (Joel Greenblatt) % is -0.65%. Based on the distribution chart, Biglari Holdings ranks #276 out of 368 companies in the Restaurants industry, which is below the industry midpoint. Overall, Biglari Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biglari Holdings' Earnings Yield (Joel Greenblatt) % compare to CBRL and WEN?
According to the Restaurants industry distribution chart, Biglari Holdings ranks #276 out of 368 companies for Earnings Yield (Joel Greenblatt) %. This places Biglari Holdings in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Restaurants company?
The median Earnings Yield (Joel Greenblatt) % among Restaurants companies is 3.91, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Biglari Holdings and its competitors. For the Restaurants industry, the median Earnings Yield (Joel Greenblatt) % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biglari Holdings's current Earnings Yield (Joel Greenblatt) % is -0.65%. 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 $242.72, compared to a current price of $383.43 — trading 58% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -0.65%. Biglari Holdings' overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Biglari Holdings (BH), the current Earnings Yield (Joel Greenblatt) % is -0.65% 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 $383.43 is trading 58% above its estimated GF Value™ of $242.72.
GuruFocus considers Biglari Holdings to be Significantly Overvalued.
Key valuation signals for BH:
Earnings Yield (Joel Greenblatt) %: -0.65%
GF Value™: $242.72 vs. price of $383.43 (58% above fair value)
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 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.
61GF Score
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