BH vs LWLG

Comparison between Biglari Holdings Inc - Class B (BH, Company) and Lightwave Logic Inc (LWLG, Company).

BH is from the Consumer Cyclical sector, while LWLG is from the Basic Materials sector.

5-Year PerformanceBH has outperformed LWLG, delivering a return of +16.8% compared to +1.3%

BH vs LWLG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH(COMPANY)	LWLG(COMPANY)
Market Cap	$1.21B	$1.21B
Max Drawdown	87.84%	95.76%
Sharpe Ratio	0.81	1.61
5Y Beta	0.89	1.88
Industry	Restaurants	Specialty Chemicals
P/E Ratio	N/A	-49.19
Forward P/E	10.57	N/A
5Y EPS CAGR	N/A	17.50%
Debt to Equity	43.86%	0.00%
Free Cash Flow Yield	4.14%	-1.32%

Market Cap

Winner

$1.21B

LWLG

$1.21B

Max Drawdown

Winner

87.84%

LWLG

95.76%

Sharpe Ratio

0.81

Winner

LWLG

1.61

5Y Beta

Winner

0.89

LWLG

1.88

Industry

Restaurants

LWLG

Specialty Chemicals

P/E Ratio

N/A

LWLG

-49.19

Forward P/E

10.57

LWLG

N/A

5Y EPS CAGR

N/A

LWLG

17.50%

Debt to Equity

43.86%

Winner

LWLG

0.00%

Free Cash Flow Yield

Winner

4.14%

LWLG

-1.32%

BH vs LWLG - Historical Returns

Returns include dividend reinvestment.

Period	BH	LWLG
1 month	-0.51%	+12.67%
3 months	+53.25%	-59.98%
6 months	-2.17%	+108.88%
1 year	+35.14%	+237.50%
5 years(CAGR)	+16.82%	+1.34%
10 years(CAGR)	+3.18%	+26.40%
Max(CAGR)	+3.58%	+12.98%

-0.51%

Winner

LWLG

+12.67%

Winner

+53.25%

LWLG

-59.98%

-2.17%

Winner

LWLG

+108.88%

+35.14%

Winner

LWLG

+237.50%

5Y(CAGR)

Winner

+16.82%

LWLG

+1.34%

10Y(CAGR)

+3.18%

Winner

LWLG

+26.40%

Max(CAGR)

+3.58%

Winner

LWLG

+12.98%

BH vs LWLG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BH	LWLG
2026	+12.95%	+99.18%
2025	+32.99%	+50.00%
2024	+59.80%	-54.35%
2023	+19.21%	+9.93%
2022	-1.68%	-73.51%
2021	+30.19%	+1418.37%
2020	-2.97%	+32.86%
2019	-2.10%	+0.00%
2018	-59.43%	-37.72%
2017	-13.48%	+75.38%
2016	+41.03%	+12.73%
2015	-19.15%	-22.00%
2014	-20.21%	+11.88%
2013	+37.54%	-19.03%
2012	+4.01%	+12.74%
2011	-11.27%	+0.00%
2010	+30.54%	+0.00%
2009	+162.66%	+0.00%
2008	-43.33%	-7.65%
2007	-37.96%	+22.54%
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 LWLG Drawdown Comparison

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

The maximum drawdown for LWLG was -95.76%, occurring on Apr 21, 2025. This drawdown has not yet recovered.

The current BH drawdown is -18.61%. The current LWLG drawdown is -62.73%.

Rank	BH	LWLG
#1	-87.84% Dec 26, 2013 - Oct 13, 2025	-95.76% Dec 10, 2021 - Apr 21, 2025
#2	-86.56% Aug 1, 2005 - Dec 20, 2010	-73.49% Mar 26, 2013 - May 15, 2017
#3	-48.04% Jan 21, 2026 - May 11, 2026	-71.84% May 15, 2017 - Jan 26, 2021
#4	-46.45% Nov 2, 1999 - Jan 14, 2002	-58.07% Jun 29, 2021 - Nov 29, 2021
#5	-43.19% Jun 28, 2002 - Jul 9, 2003	-44.00% Jan 27, 2021 - Jun 1, 2021
#6	-37.63% Feb 8, 2011 - Aug 22, 2013	-40.00% Jul 26, 2007 - Sep 27, 2007
#7	-27.01% Oct 24, 2025 - Jan 7, 2026	-36.90% Oct 23, 2007 - Aug 8, 2012
#8	-24.52% Jan 21, 2004 - Aug 1, 2005	-32.52% Oct 17, 2012 - Mar 6, 2013
#9	-13.18% Feb 25, 2002 - Jun 14, 2002	-21.30% Jun 7, 2021 - Jun 15, 2021
#10	-11.86% Jun 17, 2002 - Jun 28, 2002	-15.28% Mar 11, 2013 - Mar 20, 2013
#11	-10.28% Jul 9, 2003 - Sep 11, 2003	-14.29% Aug 23, 2012 - Oct 11, 2012
#12	-9.60% Sep 18, 2003 - Oct 14, 2003	-13.92% Sep 27, 2007 - Oct 5, 2007
#13	-9.38% Nov 3, 2003 - Dec 30, 2003	-10.75% Oct 9, 2007 - Oct 23, 2007
#14	-7.76% Dec 20, 2010 - Jan 14, 2011	-9.88% Nov 29, 2021 - Dec 6, 2021
#15	-7.76% Jan 23, 2002 - Feb 22, 2002	-8.33% Aug 13, 2012 - Aug 23, 2012