BH (Biglari Holdings) Goodwill-to-Asset: 0.05 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BH Biglari Holdings Inc BH
54 GF Score
Price $378.04
GF Value $208.76
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Biglari Holdings Goodwill-to-Asset?

Biglari Holdings BH -2.78% 54 Goodwill-to-Asset is 0.05 as of Jun. 2026. GuruFocus rates BH with a GF Score™ of 54/100 and a GF Value™ of $208.76 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Biglari Holdings's Goodwill for the quarter that ended in Jun. 2026 was $52.6 Mil. Biglari Holdings's Total Assets for the quarter that ended in Jun. 2026 was $1,058.6 Mil. Therefore, Biglari Holdings's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.05.


Biglari Holdings  (NYSE:BH) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Biglari Holdings Goodwill-to-Asset Related Terms


Biglari Holdings Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Biglari Holdings's Goodwill-to-Asset 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 Goodwill-to-Asset Chart

Biglari Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.07 0.06 0.06 0.05

Biglari Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Goodwill-to-Asset 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 0.06 0.05 0.05 0.05 0.05

BH vs CBRL, WEN, PZZA: Goodwill-to-Asset Comparison

For the Restaurants subindustry, Biglari Holdings's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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 Goodwill-to-Asset vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Biglari Holdings's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Biglari Holdings's Goodwill-to-Asset falls into.


BH
54GF Score
Biglari Holdings Inc BH
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Biglari Holdings Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Biglari Holdings's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill to Asset (A: Dec. 2025 )=Goodwill/Total Assets
=52.568/1025.383
=0.05

Biglari Holdings's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Goodwill to Asset (Q: Jun. 2026 )=Goodwill/Total Assets
=52.55/1058.584
=0.05

* 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 Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.05 mean?
Biglari Holdings (BH) has a Goodwill-to-Asset of 0.05 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Biglari Holdings and its competitors.
Is Biglari Holdings' Goodwill-to-Asset too high?
Biglari Holdings' current Goodwill-to-Asset is 0.05. Overall, Biglari Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Biglari Holdings' Goodwill-to-Asset compare to CBRL and WEN?
Biglari Holdings' Goodwill-to-Asset of 0.05 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 Goodwill-to-Asset for a Restaurants company?
A good Goodwill-to-Asset depends on the Restaurants industry context. However, Goodwill-to-Asset 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 Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Biglari Holdings and its competitors. Biglari Holdings's current Goodwill-to-Asset is 0.05. 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 $208.76, compared to a current price of $378.04 — trading 81.1% above its estimated fair value. The current Goodwill-to-Asset is 0.05. Biglari Holdings' overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Biglari Holdings (BH), the current Goodwill-to-Asset is 0.05 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 (BH) Overvalued in 2026?

Based on GuruFocus' analysis, Biglari Holdings stock appears to be overvalued. The current stock price of $378.04 is trading 81.1% above its estimated GF Value™ of $208.76. GuruFocus considers Biglari Holdings to be Significantly Overvalued.

Key valuation signals for BH:

  • Goodwill-to-Asset: 0.05
  • GF Value™: $208.76 vs. price of $378.04 (81.1% above fair value)
  • GF Score™: 54/100 with 6 warning signs

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.
54GF Score

Get the complete analysis for BH

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

$378.04
Price
$208.76
GF Value