BH-A vs MTRN

Comparison between Biglari Holdings Inc - Class A (BH-A, Company) and Materion Corp (MTRN, Company).

BH-A is from the Consumer Cyclical sector, while MTRN is from the Basic Materials sector.

5-Year PerformanceMTRN has outperformed BH-A, delivering a return of +22.8% compared to +11.5%

BH-A vs MTRN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	MTRN(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	87.53%
Sharpe Ratio	0.64	2.36
5Y Beta	0.52	1.32
Industry	Restaurants	Other Industrial Metals & Mining
P/E Ratio	192.33	48.82
Forward P/E	N/A	30.21
PEG Ratio	N/A	6.55
Dividend Yield	N/A	0.29%
5Y Dividends CAGR	N/A	8.60%
5Y EPS CAGR	N/A	6.13%
Debt to Equity	40.64%	51.20%
Free Cash Flow Yield	1.90%	1.30%
P/S Ratio	3.32	2.24
P/B Ratio	1.70	4.22

Market Cap

Winner

BH-A

$4.28B

MTRN

$4.28B

Max Drawdown

Winner

BH-A

77.48%

MTRN

87.53%

Sharpe Ratio

BH-A

0.64

Winner

MTRN

2.36

5Y Beta

Winner

BH-A

0.52

MTRN

1.32

Industry

BH-A

Restaurants

MTRN

Other Industrial Metals & Mining

P/E Ratio

BH-A

192.33

Winner

MTRN

48.82

Forward P/E

BH-A

N/A

MTRN

30.21

PEG Ratio

BH-A

N/A

MTRN

6.55

Dividend Yield

BH-A

N/A

MTRN

0.29%

5Y Dividends CAGR

BH-A

N/A

MTRN

8.60%

5Y EPS CAGR

BH-A

N/A

MTRN

6.13%

Debt to Equity

Winner

BH-A

40.64%

MTRN

51.20%

Free Cash Flow Yield

Winner

BH-A

1.90%

MTRN

1.30%

P/S Ratio

BH-A

3.32

Winner

MTRN

2.24

P/B Ratio

Winner

BH-A

1.70

MTRN

4.22

BH-A vs MTRN - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	MTRN
1 month	-11.03%	+17.81%
3 months	-29.94%	+40.99%
6 months	+2.09%	+79.04%
1 year	+24.01%	+175.18%
5 years(CAGR)	+11.48%	+22.84%
10 years(CAGR)	+2.64%	+25.31%
Max(CAGR)	+2.64%	+11.56%

BH-A

-11.03%

Winner

MTRN

+17.81%

BH-A

-29.94%

Winner

MTRN

+40.99%

BH-A

+2.09%

Winner

MTRN

+79.04%

BH-A

+24.01%

Winner

MTRN

+175.18%

5Y(CAGR)

BH-A

+11.48%

Winner

MTRN

+22.84%

10Y(CAGR)

BH-A

+2.64%

Winner

MTRN

+25.31%

Max(CAGR)

BH-A

+2.64%

Winner

MTRN

+11.56%

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

Returns include dividend reinvestment.

Year	BH-A	MTRN
2026	-20.16%	+63.63%
2025	+37.01%	+31.44%
2024	+60.59%	-22.67%
2023	+14.88%	+48.78%
2022	-1.08%	-5.16%
2021	+20.87%	+47.75%
2020	-0.68%	+5.89%
2019	-5.44%	+33.27%
2018	-50.01%	-9.36%
2017	N/A	+22.55%
2016	N/A	+46.93%
2015	N/A	-18.96%
2014	N/A	+18.62%
2013	N/A	+16.83%
2012	N/A	-1.03%
2011	N/A	-37.31%
2010	N/A	+97.04%
2009	N/A	+42.40%
2008	N/A	-66.14%
2007	N/A	+4.84%
2006	N/A	+109.75%
2005	N/A	-11.91%
2004	N/A	+18.97%
2003	N/A	+151.81%
2002	N/A	-59.11%
2001	N/A	-27.42%
2000	N/A	+25.80%
1999	N/A	+24.91%

BH-A vs MTRN 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 MTRN was -87.53%, occurring on Nov 21, 2008. Recovery took 2833 trading sessions.

The current BH-A drawdown is -41.13%. The current MTRN drawdown is -0.46%.

Rank	BH-A	MTRN
#1	-77.48% May 1, 2018 - Dec 16, 2024	-87.53% Apr 25, 2007 - Jul 25, 2018
#2	-45.84% Jan 21, 2026 - May 11, 2026	-81.15% Jan 16, 2001 - Apr 6, 2006
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-61.99% May 6, 2019 - Jan 13, 2021
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-47.84% Mar 27, 2024 - Jan 9, 2026
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-33.74% Aug 8, 2018 - May 2, 2019
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	-31.70% Apr 7, 2006 - Aug 22, 2006
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	-30.98% Aug 12, 2022 - Feb 16, 2023
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	-25.84% Nov 5, 2021 - Aug 11, 2022
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	-25.37% Aug 30, 2000 - Jan 16, 2001
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	-24.57% May 1, 2000 - Aug 2, 2000
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	-23.34% Jul 13, 2023 - Dec 14, 2023
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	-20.73% Mar 2, 2026 - Apr 13, 2026
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	-17.98% Sep 5, 2006 - Oct 12, 2006
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	-17.36% Mar 10, 2021 - May 14, 2021
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	-14.94% May 3, 2023 - Jul 10, 2023