BH-A vs MDU

Comparison between Biglari Holdings Inc - Class A (BH-A, Company) and MDU Resources Group Inc (MDU, Company).

BH-A is from the Consumer Cyclical sector, while MDU is from the Utilities sector.

5-Year PerformanceBH-A has outperformed MDU, delivering a return of +18.2% compared to +15.3%

BH-A vs MDU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	MDU(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	62.64%
Sharpe Ratio	0.73	1.17
5Y Beta	0.52	0.50
Industry	Restaurants	Utilities - Regulated Gas
P/E Ratio	192.33	21.88
Forward P/E	N/A	21.14
PEG Ratio	N/A	2.62
Dividend Yield	N/A	2.65%
5Y Dividends CAGR	N/A	16.52%
5Y EPS CAGR	N/A	5.83%
Debt to Equity	40.64%	89.40%
Free Cash Flow Yield	1.90%	9.47%
P/S Ratio	3.32	2.41
P/B Ratio	1.70	1.47

Market Cap

Winner

BH-A

$4.28B

MDU

$4.28B

Max Drawdown

BH-A

77.48%

Winner

MDU

62.64%

Sharpe Ratio

BH-A

0.73

Winner

MDU

1.17

5Y Beta

BH-A

0.52

Winner

MDU

0.50

Industry

BH-A

Restaurants

MDU

Utilities - Regulated Gas

P/E Ratio

BH-A

192.33

Winner

MDU

21.88

Forward P/E

BH-A

N/A

MDU

21.14

PEG Ratio

BH-A

N/A

MDU

2.62

Dividend Yield

BH-A

N/A

MDU

2.65%

5Y Dividends CAGR

BH-A

N/A

MDU

16.52%

5Y EPS CAGR

BH-A

N/A

MDU

5.83%

Debt to Equity

Winner

BH-A

40.64%

MDU

89.40%

Free Cash Flow Yield

BH-A

1.90%

Winner

MDU

9.47%

P/S Ratio

BH-A

3.32

Winner

MDU

2.41

P/B Ratio

BH-A

1.70

Winner

MDU

1.47

BH-A vs MDU - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	MDU
1 month	+15.70%	-0.09%
3 months	+8.74%	-5.46%
6 months	-11.55%	+5.00%
1 year	+31.57%	+30.10%
5 years(CAGR)	+18.25%	+15.29%
10 years(CAGR)	+6.05%	+11.90%
Max(CAGR)	+6.05%	+9.57%

Winner

BH-A

+15.70%

MDU

-0.09%

Winner

BH-A

+8.74%

MDU

-5.46%

BH-A

-11.55%

Winner

MDU

+5.00%

Winner

BH-A

+31.57%

MDU

+30.10%

5Y(CAGR)

Winner

BH-A

+18.25%

MDU

+15.29%

10Y(CAGR)

BH-A

+6.05%

Winner

MDU

+11.90%

Max(CAGR)

BH-A

+6.05%

Winner

MDU

+9.57%

BH-A vs MDU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BH-A	MDU
2026	+4.71%	+7.01%
2025	+37.01%	+12.26%
2024	+60.59%	+68.79%
2023	+14.88%	-2.47%
2022	-1.08%	+2.01%
2021	+20.87%	+23.38%
2020	-0.68%	-6.58%
2019	-5.44%	+29.95%
2018	-50.01%	-8.11%
2017	N/A	-3.41%
2016	N/A	+63.31%
2015	N/A	-20.60%
2014	N/A	-19.73%
2013	N/A	+44.41%
2012	N/A	+1.82%
2011	N/A	+7.36%
2010	N/A	-12.46%
2009	N/A	+8.57%
2008	N/A	-19.86%
2007	N/A	+10.19%
2006	N/A	+16.10%
2005	N/A	+27.28%
2004	N/A	+14.17%
2003	N/A	+40.69%
2002	N/A	-3.98%
2001	N/A	-8.91%
2000	N/A	+70.65%
1999	N/A	-14.76%

BH-A vs MDU Drawdown Comparison

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The maximum drawdown for MDU was -62.15%, occurring on Mar 9, 2009. Recovery took 1280 trading sessions.

The current BH-A drawdown is -22.79%. The current MDU drawdown is -7.37%.

Rank	BH-A	MDU
#1	-77.48% May 1, 2018 - Dec 16, 2024	-62.15% Jul 1, 2008 - Aug 1, 2013
#2	-45.84% Jan 21, 2026 - May 11, 2026	-52.77% Apr 24, 2014 - Jan 23, 2020
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-52.04% Apr 26, 2001 - Jul 16, 2004
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-51.39% Feb 20, 2020 - Mar 10, 2021
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-25.25% May 7, 2021 - Jul 24, 2023
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	-23.60% Nov 2, 1999 - Jul 13, 2000
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	-21.47% Nov 26, 2024 - Oct 23, 2025
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	-20.47% Apr 25, 2007 - May 13, 2008
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	-18.88% Jul 26, 2023 - Mar 7, 2024
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	-15.91% Dec 28, 2000 - Mar 27, 2001
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	-14.30% Oct 3, 2005 - Apr 21, 2006
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	-13.11% Aug 2, 2013 - Oct 22, 2013
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	-11.36% Aug 18, 2006 - Oct 24, 2006
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	-11.33% Jul 26, 2024 - Sep 13, 2024
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	-10.06% May 11, 2026 - Jul 6, 2026