BH-A vs MIAX

Comparison between Biglari Holdings Inc - Class A (BH-A, Company) and Miami International Holdings Inc (MIAX, Company).

BH-A is from the Consumer Cyclical sector, while MIAX is from the Financial Services sector.

BH-A vs MIAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	MIAX(COMPANY)
Market Cap	$4.28B	$4.29B
Max Drawdown	77.48%	37.00%
Sharpe Ratio	0.84	0.96
5Y Beta	0.51	0.57
Industry	Restaurants	Capital Markets
P/E Ratio	192.33	32.17
Debt to Equity	40.64%	0.13%
Free Cash Flow Yield	1.90%	5.87%
P/S Ratio	3.32	N/A
P/B Ratio	1.70	N/A

Market Cap

BH-A

$4.28B

Winner

MIAX

$4.29B

Max Drawdown

BH-A

77.48%

Winner

MIAX

37.00%

Sharpe Ratio

BH-A

0.84

Winner

MIAX

0.96

5Y Beta

Winner

BH-A

0.51

MIAX

0.57

Industry

BH-A

Restaurants

MIAX

Capital Markets

P/E Ratio

BH-A

192.33

Winner

MIAX

32.17

Debt to Equity

BH-A

40.64%

Winner

MIAX

0.13%

Free Cash Flow Yield

BH-A

1.90%

Winner

MIAX

5.87%

P/S Ratio

BH-A

3.32

MIAX

N/A

P/B Ratio

BH-A

1.70

MIAX

N/A

BH-A vs MIAX - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	MIAX
1 month	-4.43%	+3.76%
3 months	+41.76%	-20.49%
6 months	-5.32%	+4.18%
1 year	+37.60%	+42.81%
5 years(CAGR)	+16.26%	N/A
10 years(CAGR)	+6.06%	N/A
Max(CAGR)	+6.06%	+42.99%

BH-A

-4.43%

Winner

MIAX

+3.76%

Winner

BH-A

+41.76%

MIAX

-20.49%

BH-A

-5.32%

Winner

MIAX

+4.18%

BH-A

+37.60%

Winner

MIAX

+42.81%

5Y(CAGR)

BH-A

+16.26%

MIAX

N/A

10Y(CAGR)

BH-A

+6.06%

MIAX

N/A

Max(CAGR)

BH-A

+6.06%

Winner

MIAX

+42.99%

BH-A vs MIAX - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	BH-A	MIAX
2026	+5.37%	+0.57%
2025	+37.01%	+44.37%
2024	+60.59%	N/A
2023	+14.88%	N/A
2022	-1.08%	N/A
2021	+20.87%	N/A
2020	-0.68%	N/A
2019	-5.44%	N/A
2018	-50.01%	N/A

BH-A vs MIAX 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 MIAX was -37.00%, occurring on Jun 23, 2026. This drawdown has not yet recovered.

The current BH-A drawdown is -22.30%. The current MIAX drawdown is -22.77%.

Rank	BH-A	MIAX
#1	-77.48% May 1, 2018 - Dec 16, 2024	-37.00% May 14, 2026 - Jun 23, 2026
#2	-45.84% Jan 21, 2026 - May 11, 2026	-26.79% Nov 12, 2025 - May 8, 2026
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-7.16% Oct 8, 2025 - Nov 3, 2025
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-7.08% Sep 25, 2025 - Oct 3, 2025
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-7.00% Aug 29, 2025 - Sep 8, 2025
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	-3.06% Aug 21, 2025 - Aug 27, 2025
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	-2.66% Nov 3, 2025 - Nov 5, 2025
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	-2.54% Sep 8, 2025 - Sep 16, 2025
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	-2.16% Sep 18, 2025 - Sep 22, 2025
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	-0.36% Aug 19, 2025 - Aug 21, 2025
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	N/A
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	N/A
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	N/A
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	N/A
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	N/A