Biglari price to book ratio BH-A

Market value divided by the book value of the company's net assets, since 2018.

Today, Oct 23, 2026: 8.2×
8-year median: 3.1×
Against its 8-year history: 97th; percentile: 0 is its lowest day, 100 its highest
8-year range: 0.2× to 9.5×
Peer median: 7.0×

Biglari's price to book ratio is 8.2× as of Oct 23, 2026.

That is above its 8-year median of 3.1×, higher than on 97% of days in the last 8 years.

Over that time it ranged from 0.2× in Nov 2020 to 9.5× in Jan 2026.

The median for 10 restaurant stocks of a similar size is 7.0×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	8.2×	6.2×	9.5×
2025	7.2×	4.0×	7.2×
2024	4.8×	3.1×	4.9×
2023	3.2×	2.6×	3.9×
2022	2.9×	2.2×	3.2×
2021	2.6×	0.2×	3.3×
2020	0.2×	0.2×	2.5×
2019	2.3×	1.6×	3.4×
2018	2.6×	2.6×	4.3×

Against its peers

Companies in Restaurants nearest Biglari's size, closest first, today.

Company	Price to book ratio
BH-ABiglari	8.2×
CAKECheesecake Factory	10.4×
WINGWingstop	n/m
CAVACava	7.4×
SHAKShake Shack	5.1×
BROSDutch Bros	9.1×
EATBrinker International	17.2×
TXRHTexas Roadhouse	7.0×
CBRLCracker Barrel Old Country Store	3.2×
ARMKAramark	4.1×
YUMCYum China	2.8×
Peer median	7.0×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Biglari

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.