BH-A vs QS

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

Both BH-A and QS are from the Consumer Cyclical sector.

5-Year PerformanceBH-A has outperformed QS, delivering a return of +14.4% compared to -24.0%

BH-A vs QS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	QS(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	97.36%
Sharpe Ratio	0.84	0.95
5Y Beta	0.52	1.83
Industry	Restaurants	Auto Parts
P/E Ratio	192.33	-9.24
Debt to Equity	40.64%	0.00%
Free Cash Flow Yield	1.90%	-6.59%
P/S Ratio	3.32	N/A
P/B Ratio	1.70	3.88

Market Cap

Winner

BH-A

$4.28B

Max Drawdown

Winner

BH-A

77.48%

97.36%

Sharpe Ratio

BH-A

0.84

Winner

0.95

5Y Beta

Winner

BH-A

0.52

1.83

Industry

BH-A

Restaurants

Auto Parts

P/E Ratio

BH-A

192.33

Winner

-9.24

Debt to Equity

BH-A

40.64%

Winner

0.00%

Free Cash Flow Yield

Winner

BH-A

1.90%

-6.59%

P/S Ratio

BH-A

3.32

N/A

P/B Ratio

Winner

BH-A

1.70

3.88

BH-A vs QS - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	QS
1 month	+31.44%	-15.80%
3 months	+8.19%	+2.75%
6 months	+3.77%	-39.92%
1 year	+41.42%	+57.91%
5 years(CAGR)	+14.36%	-23.96%
10 years(CAGR)	+5.18%	N/A
Max(CAGR)	+5.18%	-5.58%

Winner

BH-A

+31.44%

-15.80%

Winner

BH-A

+8.19%

+2.75%

Winner

BH-A

+3.77%

-39.92%

BH-A

+41.42%

Winner

+57.91%

5Y(CAGR)

Winner

BH-A

+14.36%

-23.96%

10Y(CAGR)

BH-A

+5.18%

N/A

Max(CAGR)

Winner

BH-A

+5.18%

-5.58%

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

Returns include dividend reinvestment.

Year	BH-A	QS
2026	-2.51%	-35.90%
2025	+37.01%	+88.09%
2024	+60.59%	-22.54%
2023	+14.88%	+28.70%
2022	-1.08%	-75.58%
2021	+20.87%	-55.58%
2020	-0.68%	+753.03%
2019	-5.44%	N/A
2018	-50.01%	N/A

BH-A vs QS 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 QS was -97.36%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current BH-A drawdown is -28.12%. The current QS drawdown is -94.62%.

Rank	BH-A	QS
#1	-77.48% May 1, 2018 - Dec 16, 2024	-97.36% Dec 22, 2020 - Apr 8, 2025
#2	-45.84% Jan 21, 2026 - May 11, 2026	-48.49% Sep 4, 2020 - Nov 25, 2020
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-26.77% Dec 10, 2020 - Dec 21, 2020
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-24.64% Nov 30, 2020 - Dec 8, 2020
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-1.08% Aug 17, 2020 - Sep 1, 2020
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	N/A
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	N/A
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	N/A
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	N/A
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	N/A
#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

Correlation

Correlation between BH-A and QS is -0.35 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.35

-101