BH vs KBDC

Comparison between Biglari Holdings Inc - Class B (BH, Company) and Kayne Anderson BDC Inc (KBDC, Company).

BH is from the Consumer Cyclical sector, while KBDC is from the Financial Services sector.

BH vs KBDC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH(COMPANY)	KBDC(COMPANY)
Market Cap	$968M	$966M
Max Drawdown	87.84%	26.67%
Sharpe Ratio	0.65	0.03
5Y Beta	0.91	0.47
Industry	Restaurants	Asset Management
P/E Ratio	N/A	11.29
Forward P/E	10.57	8.76
PEG Ratio	-12.63	N/A
Debt to Equity	46.22%	0.00%
Free Cash Flow Yield	8.42%	-14.36%
P/S Ratio	2.40	10.22
P/B Ratio	1.84	0.89

Market Cap

Winner

$968M

KBDC

$966M

Max Drawdown

87.84%

Winner

KBDC

26.67%

Sharpe Ratio

Winner

0.65

KBDC

0.03

5Y Beta

0.91

Winner

KBDC

0.47

Industry

Restaurants

KBDC

Asset Management

P/E Ratio

N/A

KBDC

11.29

Forward P/E

10.57

Winner

KBDC

8.76

PEG Ratio

-12.63

KBDC

N/A

Debt to Equity

46.22%

Winner

KBDC

0.00%

Free Cash Flow Yield

Winner

8.42%

KBDC

-14.36%

P/S Ratio

Winner

2.40

KBDC

10.22

P/B Ratio

1.84

Winner

KBDC

0.89

BH vs KBDC - Historical Returns

Returns include dividend reinvestment.

Period	BH	KBDC
1 month	+32.85%	-4.36%
3 months	+10.30%	+9.89%
6 months	+2.50%	+0.72%
1 year	+31.27%	+1.33%
5 years(CAGR)	+13.51%	N/A
10 years(CAGR)	+2.12%	N/A
Max(CAGR)	+3.09%	+5.47%

Winner

+32.85%

KBDC

-4.36%

Winner

+10.30%

KBDC

+9.89%

Winner

+2.50%

KBDC

+0.72%

Winner

+31.27%

KBDC

+1.33%

5Y(CAGR)

+13.51%

KBDC

N/A

10Y(CAGR)

+2.12%

KBDC

N/A

Max(CAGR)

+3.09%

Winner

KBDC

+5.47%

BH vs KBDC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BH	KBDC
2026	-1.17%	+4.28%
2025	+32.99%	-3.30%
2024	+59.80%	+9.80%
2023	+19.21%	N/A
2022	-1.68%	N/A
2021	+30.19%	N/A
2020	-2.97%	N/A
2019	-2.10%	N/A
2018	-59.43%	N/A
2017	-13.48%	N/A
2016	+41.03%	N/A
2015	-19.15%	N/A
2014	-20.21%	N/A
2013	+37.54%	N/A
2012	+4.01%	N/A
2011	-11.27%	N/A
2010	+30.54%	N/A
2009	+162.66%	N/A
2008	-43.33%	N/A
2007	-37.96%	N/A
2006	+5.20%	N/A
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 KBDC Drawdown Comparison

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

The maximum drawdown for KBDC was -19.61%, occurring on Oct 1, 2025. This drawdown has not yet recovered.

The current BH drawdown is -28.79%. The current KBDC drawdown is -6.22%.

Rank	BH	KBDC
#1	-87.84% Dec 26, 2013 - Oct 13, 2025	-19.61% Feb 18, 2025 - Oct 1, 2025
#2	-86.56% Aug 1, 2005 - Dec 20, 2010	-4.27% Jul 3, 2024 - Sep 30, 2024
#3	-48.04% Jan 21, 2026 - May 11, 2026	-3.35% Dec 13, 2024 - Jan 2, 2025
#4	-46.45% Nov 2, 1999 - Jan 14, 2002	-3.18% Nov 13, 2024 - Nov 29, 2024
#5	-43.19% Jun 28, 2002 - Jul 9, 2003	-2.22% Sep 30, 2024 - Oct 24, 2024
#6	-37.63% Feb 8, 2011 - Aug 22, 2013	-1.96% May 22, 2024 - Jun 12, 2024
#7	-27.01% Oct 24, 2025 - Jan 7, 2026	-1.89% Oct 24, 2024 - Nov 6, 2024
#8	-24.52% Jan 21, 2004 - Aug 1, 2005	-1.65% Jun 12, 2024 - Jun 18, 2024
#9	-13.18% Feb 25, 2002 - Jun 14, 2002	-1.59% Dec 2, 2024 - Dec 5, 2024
#10	-11.86% Jun 17, 2002 - Jun 28, 2002	-1.43% Jan 3, 2025 - Jan 24, 2025
#11	-10.28% Jul 9, 2003 - Sep 11, 2003	-1.34% Jan 27, 2025 - Jan 31, 2025
#12	-9.60% Sep 18, 2003 - Oct 14, 2003	-1.24% Dec 5, 2024 - Dec 12, 2024
#13	-9.38% Nov 3, 2003 - Dec 30, 2003	-1.21% Jun 20, 2024 - Jul 2, 2024
#14	-7.76% Dec 20, 2010 - Jan 14, 2011	-1.15% Feb 4, 2025 - Feb 13, 2025
#15	-7.76% Jan 23, 2002 - Feb 22, 2002	-0.90% Nov 6, 2024 - Nov 13, 2024