BH (Biglari Holdings) Moat Score: 4/10 (As of Jun. 29, 2026)


BH Biglari Holdings Inc BH
56 GF Score
Price $403.99
GF Value $240.80
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Biglari Holdings Moat Score?

Biglari Holdings BH +7.46% 56 Moat Score is 4 as of Jun. 29, 2026. GuruFocus rates BH with a GF Score™ of 56/100 and a GF Value™ of $240.80 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 369 Restaurants companies, Biglari Holdings ranks better than 88.35% on this metric.

Biglari Holdings has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Biglari Holdings has Narrow Moat: Biglari Holdings has a modest moat due to its diversified portfolio and brand presence in the restaurant industry. However, it faces significant competition and lacks the strong barriers or pricing power needed for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Biglari Holdings might have Narrow Moat - Discernible but modest moat.

Biglari Holdings  (NYSE:BH) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Biglari Holdings Moat Score Related Terms

BH vs BJRI, PZZA, CBRL: Moat Score Comparison

For the Restaurants subindustry, Biglari Holdings's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Restaurants Industry

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

* The bar in red indicates where Biglari Holdings's Moat Score falls into.


BH
56GF Score
Biglari Holdings Inc BH
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Biglari Holdings (BH) has a Moat Score of 4 as of Jun. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Biglari Holdings ranks #43 out of 369 companies in the Restaurants industry, placing it in the top 11.7%.
Is Biglari Holdings' Moat Score too high?
Biglari Holdings' current Moat Score is 4. Based on the distribution chart, Biglari Holdings ranks #43 out of 369 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' Moat Score compare to BJRI and PZZA?
According to the Restaurants industry distribution chart, Biglari Holdings ranks #43 out of 369 companies for Moat Score. This places Biglari Holdings in the top 12% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Restaurants company?
A good Moat Score depends on the Restaurants industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Biglari Holdings's current Moat Score is 4. 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 $403.99 — trading 67.8% above its estimated fair value. The current Moat Score is 4. Biglari Holdings' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Biglari Holdings (BH), the current Moat Score is 4 as of Jun. 29, 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 $403.99 is trading 67.8% above its estimated GF Value™ of $240.80. GuruFocus considers Biglari Holdings to be Significantly Overvalued.

Key valuation signals for BH:

  • Moat Score: 4
  • GF Value™: $240.80 vs. price of $403.99 (67.8% above fair value)
  • GF Score™: 56/100 with 4 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.
56GF Score

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

$403.99
Price
$240.80
GF Value