BH-A vs SLM

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

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

5-Year PerformanceBH-A has outperformed SLM, delivering a return of +14.0% compared to +4.7%

BH-A vs SLM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	SLM(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	94.51%
Sharpe Ratio	0.64	-0.82
5Y Beta	0.51	1.09
Industry	Restaurants	Credit Services
P/E Ratio	192.33	5.45
Forward P/E	N/A	7.05
PEG Ratio	N/A	0.08
Dividend Yield	N/A	2.33%
5Y Dividends CAGR	N/A	34.08%
5Y EPS CAGR	N/A	27.23%
Debt to Equity	40.64%	253.08%
Free Cash Flow Yield	1.90%	-7.68%
P/S Ratio	3.32	2.48
P/B Ratio	1.70	1.89

Market Cap

Winner

BH-A

$4.28B

SLM

$4.28B

Max Drawdown

Winner

BH-A

77.48%

SLM

94.51%

Sharpe Ratio

Winner

BH-A

0.64

SLM

-0.82

5Y Beta

Winner

BH-A

0.51

SLM

1.09

Industry

BH-A

Restaurants

SLM

Credit Services

P/E Ratio

BH-A

192.33

Winner

SLM

5.45

Forward P/E

BH-A

N/A

SLM

7.05

PEG Ratio

BH-A

N/A

SLM

0.08

Dividend Yield

BH-A

N/A

SLM

2.33%

5Y Dividends CAGR

BH-A

N/A

SLM

34.08%

5Y EPS CAGR

BH-A

N/A

SLM

27.23%

Debt to Equity

Winner

BH-A

40.64%

SLM

253.08%

Free Cash Flow Yield

Winner

BH-A

1.90%

SLM

-7.68%

P/S Ratio

BH-A

3.32

Winner

SLM

2.48

P/B Ratio

Winner

BH-A

1.70

SLM

1.89

BH-A vs SLM - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	SLM
1 month	+2.87%	-0.09%
3 months	-11.76%	+13.23%
6 months	+3.96%	-26.07%
1 year	+26.12%	-28.14%
5 years(CAGR)	+14.05%	+4.69%
10 years(CAGR)	+3.74%	+13.66%
Max(CAGR)	+3.74%	+6.71%

Winner

BH-A

+2.87%

SLM

-0.09%

BH-A

-11.76%

Winner

SLM

+13.23%

Winner

BH-A

+3.96%

SLM

-26.07%

Winner

BH-A

+26.12%

SLM

-28.14%

5Y(CAGR)

Winner

BH-A

+14.05%

SLM

+4.69%

10Y(CAGR)

BH-A

+3.74%

Winner

SLM

+13.66%

Max(CAGR)

BH-A

+3.74%

Winner

SLM

+6.71%

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

Returns include dividend reinvestment.

Year	BH-A	SLM
2026	-12.86%	-17.30%
2025	+37.01%	+0.63%
2024	+60.59%	+46.43%
2023	+14.88%	+19.14%
2022	-1.08%	-13.40%
2021	+20.87%	+64.48%
2020	-0.68%	+40.42%
2019	-5.44%	+5.79%
2018	-50.01%	-26.72%
2017	N/A	-0.44%
2016	N/A	+68.50%
2015	N/A	-36.82%
2014	N/A	+11.70%
2013	N/A	+55.02%
2012	N/A	+28.57%
2011	N/A	+6.58%
2010	N/A	+9.10%
2009	N/A	+24.26%
2008	N/A	-54.03%
2007	N/A	-57.55%
2006	N/A	-10.92%
2005	N/A	+2.53%
2004	N/A	+46.70%
2003	N/A	+9.31%
2002	N/A	+27.39%
2001	N/A	+35.04%
2000	N/A	+73.74%
1999	N/A	-11.01%

BH-A vs SLM 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 SLM was -94.50%, occurring on Mar 9, 2009. Recovery took 3458 trading sessions.

The current BH-A drawdown is -35.75%. The current SLM drawdown is -33.55%.

Rank	BH-A	SLM
#1	-77.48% May 1, 2018 - Dec 16, 2024	-94.50% Jul 9, 2007 - Apr 1, 2021
#2	-45.84% Jan 21, 2026 - May 11, 2026	-46.78% Nov 15, 1999 - Oct 24, 2000
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-45.06% Jul 7, 2025 - Feb 27, 2026
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-44.08% Jul 1, 2021 - Jan 25, 2024
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-28.11% Jan 13, 2006 - Jun 13, 2007
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	-23.32% Feb 18, 2025 - May 12, 2025
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	-18.24% May 17, 2002 - Oct 17, 2002
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	-15.91% Jul 16, 2024 - Oct 17, 2024
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	-15.85% Jan 14, 2005 - Oct 21, 2005
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	-15.53% Jun 16, 2003 - Mar 4, 2004
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	-14.51% Dec 29, 2000 - Feb 7, 2001
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	-14.20% Mar 7, 2001 - Jul 12, 2001
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	-13.06% Mar 5, 2004 - Sep 20, 2004
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	-9.60% Oct 17, 2024 - Nov 6, 2024
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	-9.51% Aug 20, 2001 - Oct 1, 2001