Biglari HoldingsBH -2.58%50 EV-to-FCF is 16.87 as of Jul. 01, 2026, which is 179% above its 10-year median of 6.04. GuruFocus rates BH with a GF Score™ of 50/100 and a GF Value™ of $240.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 277 Restaurants companies, Biglari Holdings ranks better than 50.9% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Biglari Holdings's Enterprise Value is $1,374.7 Mil.
Biglari Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $81.5 Mil. Therefore, Biglari Holdings's EV-to-FCF for today is 16.87.
The historical rank and industry rank for Biglari Holdings's EV-to-FCF or its related term are showing as below:
BH'
s EV-to-FCF Range Over the Past 10 Years
Min: -469.63 Med: 6.04 Max: 460.24
Current: 16.87
During the past 13 years, the highest EV-to-FCF of Biglari Holdings was 460.24. The lowest was -469.63. And the median was 6.04.
BH's EV-to-FCF is ranked better than 50.9% of 277
companies
in the Restaurants industry
Industry Median: 17.62
vs BH: 16.87
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Biglari Holdings's PE Ratio (TTM) for today is calculated as:
Biglari Holdings's share price for today is $426.03.
Biglari Holdings's Earnings per Share (Diluted) 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 $-14.560.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Biglari Holdings EV-to-FCF Related Terms
Biglari Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Biglari Holdings's EV-to-FCF 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Biglari Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Biglari Holdings's EV-to-FCF falls into.
Biglari Holdings's current Enterprise Value is $1,374.7 Mil.
Biglari Holdings's Free Cash Flow 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 $81.5 Mil.
* 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 (BH) has a EV-to-FCF of 16.87 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Biglari Holdings and its competitors. This is 179% above median its historical median of 6.04. According to the industry distribution chart, Biglari Holdings ranks #136 out of 277 companies in the Restaurants industry, placing it in the top 49.1%.
Is Biglari Holdings' EV-to-FCF too high?
Biglari Holdings' current EV-to-FCF of 16.87 is 179% above median its 10-year median of 6.04. The Restaurants industry median EV-to-FCF is 17.62. Biglari Holdings' value of 16.87 is 4.3% below this industry median. Based on the distribution chart, Biglari Holdings ranks #136 out of 277 companies in the Restaurants industry, which is above the industry midpoint. Overall, Biglari Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biglari Holdings' EV-to-FCF compare to BJRI and PZZA?
According to the Restaurants industry distribution chart, Biglari Holdings ranks #136 out of 277 companies for EV-to-FCF. This puts Biglari Holdings in the upper half of its industry. The industry median EV-to-FCF is 17.62. Biglari Holdings' value of 16.87 is 4.3% below this benchmark. While the company's 10-year median is 6.04 vs. the industry median of 17.62, Biglari Holdings has consistently been below 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 EV-to-FCF for a Restaurants company?
The median EV-to-FCF among Restaurants companies is 17.62, based on 277 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Biglari Holdings's current EV-to-FCF of 16.87 is 4.3% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Biglari Holdings and its competitors. For the Restaurants industry, the median EV-to-FCF is 17.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biglari Holdings's current EV-to-FCF is 16.87, which is 179% above median its own 10-year median of 6.04. 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 $240.80, compared to a current price of $426.03 — trading 76.9% above its estimated fair value. The current EV-to-FCF is 16.87, which is 179% above median its 10-year median of 6.04 and 4.3% below the Restaurants industry median of 17.62. Biglari Holdings' overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Biglari Holdings (BH), the current EV-to-FCF is 16.87 as of Jul. 01, 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 $426.03 is trading 76.9% above its estimated GF Value™ of $240.80.
GuruFocus considers Biglari Holdings to be Significantly Overvalued.
Key valuation signals for BH:
EV-to-FCF: 16.87 (179% above median its 10-year median of 6.04)
GF Value™: $240.80 vs. price of $426.03 (76.9% above fair value)
Industry Position: 4.3% below the Restaurants median (#136 of 277)
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.
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