BH vs APPS

Comparison between Biglari Holdings Inc - Class B (BH, Company) and Digital Turbine Inc (APPS, Company).

BH is from the Consumer Cyclical sector, while APPS is from the Technology sector.

5-Year PerformanceBH has outperformed APPS, delivering a return of +14.8% compared to -33.8%

BH vs APPS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH(COMPANY)	APPS(COMPANY)
Market Cap	$1.03B	$1.04B
Max Drawdown	87.84%	98.72%
Sharpe Ratio	0.59	0.53
5Y Beta	0.91	2.42
Industry	Restaurants	Software - Application
P/E Ratio	N/A	-25.29
Forward P/E	10.57	7.43
Debt to Equity	46.22%	187.84%
Free Cash Flow Yield	7.89%	1.08%

Market Cap

$1.03B

Winner

APPS

$1.04B

Max Drawdown

Winner

87.84%

APPS

98.72%

Sharpe Ratio

Winner

0.59

APPS

0.53

5Y Beta

Winner

0.91

APPS

2.42

Industry

Restaurants

APPS

Software - Application

P/E Ratio

N/A

APPS

-25.29

Forward P/E

10.57

Winner

APPS

7.43

Debt to Equity

Winner

46.22%

APPS

187.84%

Free Cash Flow Yield

Winner

7.89%

APPS

1.08%

BH vs APPS - Historical Returns

Returns include dividend reinvestment.

Period	BH	APPS
1 month	+21.57%	+112.59%
3 months	+10.92%	+164.11%
6 months	-2.29%	+57.40%
1 year	+21.31%	+27.74%
5 years(CAGR)	+14.78%	-33.77%
10 years(CAGR)	+2.08%	+22.95%
Max(CAGR)	+3.00%	+7.58%

+21.57%

Winner

APPS

+112.59%

+10.92%

Winner

APPS

+164.11%

-2.29%

Winner

APPS

+57.40%

+21.31%

Winner

APPS

+27.74%

5Y(CAGR)

Winner

+14.78%

APPS

-33.77%

10Y(CAGR)

+2.08%

Winner

APPS

+22.95%

Max(CAGR)

+3.00%

Winner

APPS

+7.58%

BH vs APPS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BH	APPS
2026	-3.18%	+80.13%
2025	+32.99%	+184.09%
2024	+59.80%	-75.65%
2023	+19.21%	-54.36%
2022	-1.68%	-75.51%
2021	+30.19%	+16.57%
2020	-2.97%	+673.73%
2019	-2.10%	+277.25%
2018	-59.43%	+2.23%
2017	-13.48%	+155.71%
2016	+41.03%	-46.46%
2015	-19.15%	-62.54%
2014	-20.21%	+20.22%
2013	+37.54%	-33.59%
2012	+4.01%	+15.38%
2011	-11.27%	+132.14%
2010	+30.54%	-23.68%
2009	+162.66%	-71.43%
2008	-43.33%	-62.37%
2007	-37.96%	+119.51%
2006	+5.20%	+412.50%
2005	-13.25%	N/A
2004	+11.56%	N/A
2003	+75.86%	N/A
2002	-5.03%	N/A
2001	+62.11%	N/A
2000	-31.20%	N/A
1999	-17.71%	N/A

BH vs APPS Drawdown Comparison

The maximum drawdown for BH was -87.84%, occurring on Mar 20, 2020. Recovery took 2966 trading sessions.

The maximum drawdown for APPS was -98.72%, occurring on Nov 19, 2024. This drawdown has not yet recovered.

The current BH drawdown is -30.23%. The current APPS drawdown is -90.91%.

Rank	BH	APPS
#1	-87.84% Dec 26, 2013 - Oct 13, 2025	-98.72% Mar 1, 2021 - Nov 19, 2024
#2	-86.56% Aug 1, 2005 - Dec 20, 2010	-98.18% Mar 28, 2008 - Sep 18, 2020
#3	-48.04% Jan 21, 2026 - May 11, 2026	-60.42% Aug 15, 2006 - May 24, 2007
#4	-46.45% Nov 2, 1999 - Jan 14, 2002	-38.46% Sep 13, 2007 - Dec 19, 2007
#5	-43.19% Jun 28, 2002 - Jul 9, 2003	-32.20% Feb 15, 2008 - Mar 26, 2008
#6	-37.63% Feb 8, 2011 - Aug 22, 2013	-30.44% Oct 14, 2020 - Nov 5, 2020
#7	-27.01% Oct 24, 2025 - Jan 7, 2026	-25.00% Aug 8, 2006 - Aug 15, 2006
#8	-24.52% Jan 21, 2004 - Aug 1, 2005	-21.67% Jun 29, 2007 - Jul 23, 2007
#9	-13.18% Feb 25, 2002 - Jun 14, 2002	-21.35% Feb 9, 2021 - Mar 1, 2021
#10	-11.86% Jun 17, 2002 - Jun 28, 2002	-21.15% May 31, 2007 - Jun 7, 2007
#11	-10.28% Jul 9, 2003 - Sep 11, 2003	-19.69% Nov 6, 2020 - Nov 30, 2020
#12	-9.60% Sep 18, 2003 - Oct 14, 2003	-19.35% Jan 2, 2008 - Feb 12, 2008
#13	-9.38% Nov 3, 2003 - Dec 30, 2003	-18.18% Jun 7, 2007 - Jun 29, 2007
#14	-7.76% Dec 20, 2010 - Jan 14, 2011	-17.79% Dec 22, 2020 - Jan 14, 2021
#15	-7.76% Jan 23, 2002 - Feb 22, 2002	-15.81% Jul 23, 2007 - Aug 15, 2007

Correlation

Correlation between BH and APPS is -0.37 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.37

-101