BH vs BJRI

Comparison between Biglari Holdings Inc - Class B (BH, Company) and BJ`s Restaurant Inc (BJRI, Company).

Both BH and BJRI are from the Consumer Cyclical sector.

5-Year PerformanceBH has outperformed BJRI, delivering a return of +20.6% compared to +5.3%

BH vs BJRI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH(COMPANY)	BJRI(COMPANY)
Market Cap	$1.25B	$1.25B
Max Drawdown	87.84%	91.36%
Sharpe Ratio	0.86	0.80
5Y Beta	0.92	1.01
Industry	Restaurants	Restaurants
P/E Ratio	N/A	28.95
Forward P/E	10.57	28.01
PEG Ratio	N/A	0.27
Debt to Equity	46.22%	16.64%
Free Cash Flow Yield	6.50%	6.41%

Market Cap

Winner

$1.25B

BJRI

$1.25B

Max Drawdown

Winner

87.84%

BJRI

91.36%

Sharpe Ratio

Winner

0.86

BJRI

0.80

5Y Beta

Winner

0.92

BJRI

1.01

Industry

Restaurants

BJRI

Restaurants

P/E Ratio

N/A

BJRI

28.95

Forward P/E

Winner

10.57

BJRI

28.01

PEG Ratio

N/A

BJRI

0.27

Debt to Equity

46.22%

Winner

BJRI

16.64%

Free Cash Flow Yield

Winner

6.50%

BJRI

6.41%

BH vs BJRI - Historical Returns

Returns include dividend reinvestment.

Period	BH	BJRI
1 month	+34.82%	+34.41%
3 months	+18.53%	+55.26%
6 months	-0.99%	+38.65%
1 year	+36.75%	+33.57%
5 years(CAGR)	+20.63%	+5.32%
10 years(CAGR)	+4.14%	+3.44%
Max(CAGR)	+3.75%	+14.57%

Winner

+34.82%

BJRI

+34.41%

+18.53%

Winner

BJRI

+55.26%

-0.99%

Winner

BJRI

+38.65%

Winner

+36.75%

BJRI

+33.57%

5Y(CAGR)

Winner

+20.63%

BJRI

+5.32%

10Y(CAGR)

Winner

+4.14%

BJRI

+3.44%

Max(CAGR)

+3.75%

Winner

BJRI

+14.57%

BH vs BJRI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BH	BJRI
2026	+17.58%	+44.49%
2025	+32.99%	+9.75%
2024	+59.80%	-0.41%
2023	+19.21%	+34.12%
2022	-1.68%	-24.67%
2021	+30.19%	-7.65%
2020	-2.97%	+1.38%
2019	-2.10%	-24.91%
2018	-59.43%	+38.72%
2017	-13.48%	-4.38%
2016	+41.03%	-6.38%
2015	-19.15%	-13.22%
2014	-20.21%	+61.97%
2013	+37.54%	-7.37%
2012	+4.01%	-25.28%
2011	-11.27%	+27.23%
2010	+30.54%	+88.96%
2009	+162.66%	+66.34%
2008	-43.33%	-31.18%
2007	-37.96%	-16.23%
2006	+5.20%	-12.40%
2005	-13.25%	+66.25%
2004	+11.56%	-2.17%
2003	+75.86%	+119.09%
2002	-5.03%	+27.07%
2001	+62.11%	+76.53%
2000	-31.20%	+148.36%
1999	-17.71%	-28.40%

BH vs BJRI Drawdown Comparison

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

The maximum drawdown for BJRI was -91.20%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current BH drawdown is -15.27%. The current BJRI drawdown is -20.13%.

Rank	BH	BJRI
#1	-87.84% Dec 26, 2013 - Oct 13, 2025	-91.20% Aug 31, 2018 - Mar 18, 2020
#2	-86.56% Aug 1, 2005 - Dec 20, 2010	-75.16% Jun 1, 2006 - Apr 23, 2010
#3	-48.04% Jan 21, 2026 - May 11, 2026	-53.88% Jul 13, 2011 - Apr 27, 2018
#4	-46.45% Nov 2, 1999 - Jan 14, 2002	-45.78% Jul 2, 2002 - Jul 1, 2003
#5	-43.19% Jun 28, 2002 - Jul 9, 2003	-40.95% Nov 7, 2000 - May 25, 2001
#6	-37.63% Feb 8, 2011 - Aug 22, 2013	-36.00% Nov 3, 1999 - Jul 7, 2000
#7	-27.01% Oct 24, 2025 - Jan 7, 2026	-32.85% Jul 3, 2001 - Nov 26, 2001
#8	-24.52% Jan 21, 2004 - Aug 1, 2005	-23.02% Oct 13, 2004 - Mar 14, 2005
#9	-13.18% Feb 25, 2002 - Jun 14, 2002	-22.12% Apr 23, 2010 - Sep 13, 2010
#10	-11.86% Jun 17, 2002 - Jun 28, 2002	-21.27% Jul 29, 2005 - Dec 13, 2005
#11	-10.28% Jul 9, 2003 - Sep 11, 2003	-21.17% Dec 2, 2003 - Feb 26, 2004
#12	-9.60% Sep 18, 2003 - Oct 14, 2003	-18.35% Apr 12, 2002 - May 17, 2002
#13	-9.38% Nov 3, 2003 - Dec 30, 2003	-18.03% Aug 11, 2000 - Sep 21, 2000
#14	-7.76% Dec 20, 2010 - Jan 14, 2011	-18.02% Feb 26, 2004 - Jun 23, 2004
#15	-7.76% Jan 23, 2002 - Feb 22, 2002	-16.77% Jun 24, 2004 - Oct 1, 2004