HLNE vs BH-A

Comparison between Hamilton Lane Inc - Class A (HLNE, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

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

5-Year PerformanceBH-A has outperformed HLNE, delivering a return of +18.2% compared to -0.6%

HLNE vs BH-A - Performance Comparison

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Key Characteristics

Financial metrics and valuation ratios

Metric	HLNE(COMPANY)	BH-A(COMPANY)
Market Cap	$4.30B	$4.28B
Max Drawdown	63.40%	77.48%
Sharpe Ratio	-1.34	0.73
5Y Beta	1.41	0.52
Industry	Asset Management	Restaurants
P/E Ratio	17.26	192.33
Forward P/E	12.30	N/A
PEG Ratio	2.81	N/A
Dividend Yield	2.74%	N/A
5Y Dividends CAGR	16.47%	N/A
5Y EPS CAGR	9.76%	N/A
Debt to Equity	38.95%	40.64%
Free Cash Flow Yield	9.81%	1.90%
P/S Ratio	5.78	3.32
P/B Ratio	3.77	1.70

Market Cap

Winner

HLNE

$4.30B

BH-A

$4.28B

Max Drawdown

Winner

HLNE

63.40%

BH-A

77.48%

Sharpe Ratio

HLNE

-1.34

Winner

BH-A

0.73

5Y Beta

HLNE

1.41

Winner

BH-A

0.52

Industry

HLNE

Asset Management

BH-A

Restaurants

P/E Ratio

Winner

HLNE

17.26

BH-A

192.33

Forward P/E

HLNE

12.30

BH-A

N/A

PEG Ratio

HLNE

2.81

BH-A

N/A

Dividend Yield

HLNE

2.74%

BH-A

N/A

5Y Dividends CAGR

HLNE

16.47%

BH-A

N/A

5Y EPS CAGR

HLNE

9.76%

BH-A

N/A

Debt to Equity

Winner

HLNE

38.95%

BH-A

40.64%

Free Cash Flow Yield

Winner

HLNE

9.81%

BH-A

1.90%

P/S Ratio

HLNE

5.78

Winner

BH-A

3.32

P/B Ratio

HLNE

3.77

Winner

BH-A

1.70

HLNE vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	HLNE	BH-A
1 month	+4.60%	+15.70%
3 months	-11.48%	+8.74%
6 months	-44.60%	-11.55%
1 year	-46.00%	+31.57%
5 years(CAGR)	-0.58%	+18.25%
10 years(CAGR)	+19.71%	+6.05%
Max(CAGR)	+19.71%	+6.05%

HLNE

+4.60%

Winner

BH-A

+15.70%

HLNE

-11.48%

Winner

BH-A

+8.74%

HLNE

-44.60%

Winner

BH-A

-11.55%

HLNE

-46.00%

Winner

BH-A

+31.57%

5Y(CAGR)

HLNE

-0.58%

Winner

BH-A

+18.25%

10Y(CAGR)

Winner

HLNE

+19.71%

BH-A

+6.05%

Max(CAGR)

Winner

HLNE

+19.71%

BH-A

+6.05%

HLNE vs BH-A - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HLNE	BH-A
2026	-39.91%	+4.71%
2025	-8.59%	+37.01%
2024	+34.37%	+60.59%
2023	+78.35%	+14.88%
2022	-36.37%	-1.08%
2021	+38.87%	+20.87%
2020	+31.82%	-0.68%
2019	+67.70%	-5.44%
2018	+6.69%	-50.01%
2017	+100.50%	N/A

HLNE vs BH-A Drawdown Comparison

The maximum drawdown for HLNE was -62.27%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The current HLNE drawdown is -58.53%. The current BH-A drawdown is -22.79%.

Rank	HLNE	BH-A
#1	-62.27% Nov 11, 2024 - Jun 24, 2026	-77.48% May 1, 2018 - Dec 16, 2024
#2	-48.45% Nov 19, 2021 - Dec 14, 2023	-45.84% Jan 21, 2026 - May 11, 2026
#3	-43.33% Feb 13, 2020 - May 29, 2020	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-36.29% Jul 18, 2018 - May 3, 2019	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-19.44% Sep 1, 2020 - Nov 11, 2020	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	-16.13% Jun 1, 2020 - Sep 1, 2020	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	-14.81% Jan 23, 2018 - Apr 19, 2018	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	-14.55% Sep 5, 2019 - Jan 13, 2020	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	-13.25% Feb 22, 2021 - Oct 20, 2021	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	-12.59% Jul 31, 2024 - Aug 19, 2024	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	-11.86% Jul 10, 2019 - Aug 29, 2019	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	-11.36% Jan 22, 2024 - May 21, 2024	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	-10.76% May 28, 2024 - Jul 11, 2024	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	-9.05% Jan 14, 2021 - Feb 8, 2021	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	-8.97% Nov 16, 2020 - Dec 16, 2020	-1.00% Oct 2, 2025 - Oct 7, 2025