BH (Biglari Holdings) FCF Margin %: 13.71% (As of Mar. 2026) — 10% Above Median


BH Biglari Holdings Inc BH
56 GF Score
Price $420.92
GF Value $241.25
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Biglari Holdings FCF Margin %?

Biglari Holdings BH +0.06% 56 FCF Margin % is 13.71% as of Mar. 2026, which is 10% above its 10-year median of 12.47. 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 360 Restaurants companies, Biglari Holdings ranks better than 93.89% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Biglari Holdings's Free Cash Flow for the three months ended in Mar. 2026 was $13.4 Mil. Biglari Holdings's Revenue for the three months ended in Mar. 2026 was $97.5 Mil. Therefore, Biglari Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was 13.71%.

As of today, Biglari Holdings's current FCF Yield % is 6.14%.

The historical rank and industry rank for Biglari Holdings's FCF Margin % or its related term are showing as below:

BH' s FCF Margin % Range Over the Past 10 Years
Min: 0.36   Med: 12.47   Max: 44.86
Current: 20.49


During the past 13 years, the highest FCF Margin % of Biglari Holdings was 44.86%. The lowest was 0.36%. And the median was 12.47%.

BH's FCF Margin % is ranked better than
93.89% of 360 companies
in the Restaurants industry
Industry Median: 5.02 vs BH: 20.49


Biglari Holdings FCF Margin % Related Terms


Biglari Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for Biglari Holdings's FCF Margin % 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 FCF Margin % Chart

Biglari Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.86 26.64 13.58 5.27 19.38

Biglari Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % 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 8.94 39.20 22.36 6.38 13.71

BH vs BJRI, PZZA, CBRL: FCF Margin % Comparison

For the Restaurants subindustry, Biglari Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Restaurants Industry

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

* The bar in red indicates where Biglari Holdings's FCF Margin % falls into.


BH
56GF Score
Biglari Holdings Inc BH
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Biglari Holdings FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=76.606/395.261
=19.38 %

Biglari Holdings's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=13.365/97.481
=13.71 %

* 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 FCF Margin % →
What does a FCF Margin % of 13.71% mean?
Biglari Holdings (BH) has a FCF Margin % of 13.71% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Biglari Holdings and its competitors. This is 10% above median its historical median of 12.47. Over the past decade, Biglari Holdings' FCF Margin % has ranged from 0.36 to 44.86. According to the industry distribution chart, Biglari Holdings ranks #22 out of 360 companies in the Restaurants industry, placing it in the top 6.1%.
Is Biglari Holdings' FCF Margin % too high?
Biglari Holdings' current FCF Margin % of 13.71% is 10% above median its 10-year median of 12.47. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 44.86. The Restaurants industry median FCF Margin % is 5.02. Biglari Holdings' value of 13.71% is 173.1% above this industry median. Based on the distribution chart, Biglari Holdings ranks #22 out of 360 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. 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' FCF Margin % compare to BJRI and PZZA?
According to the Restaurants industry distribution chart, Biglari Holdings ranks #22 out of 360 companies for FCF Margin %. This places Biglari Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 5.02. Biglari Holdings' value of 13.71% is 173.1% above this benchmark. Historically, Biglari Holdings' own FCF Margin % has ranged from 0.36 to 44.86 over the past decade. While the company's 10-year median is 12.47 vs. the industry median of 5.02, 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 FCF Margin % for a Restaurants company?
The median FCF Margin % among Restaurants companies is 5.02, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Biglari Holdings's current FCF Margin % of 13.71% is 173.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Biglari Holdings and its competitors. For the Restaurants industry, the median FCF Margin % is 5.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biglari Holdings's current FCF Margin % is 13.71%, which is 10% above median its own 10-year median of 12.47. 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 $420.92 — trading 74.5% above its estimated fair value. The current FCF Margin % is 13.71%, which is 10% above median its 10-year median of 12.47 and 173.1% above the Restaurants industry median of 5.02. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Biglari Holdings (BH), the current FCF Margin % is 13.71% 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 $420.92 is trading 74.5% above its estimated GF Value™ of $241.25. GuruFocus considers Biglari Holdings to be Significantly Overvalued.

Key valuation signals for BH:

  • FCF Margin %: 13.71% (10% above median its 10-year median of 12.47)
  • GF Value™: $241.25 vs. price of $420.92 (74.5% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 173.1% above the Restaurants median (#22 of 360)

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

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

$420.92
Price
$241.25
GF Value