MDU vs BH-A

Comparison between MDU Resources Group Inc (MDU, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

MDU is from the Utilities sector, while BH-A is from the Consumer Cyclical sector.

5-Year PerformanceBH-A has outperformed MDU, delivering a return of +18.2% compared to +15.3%

MDU vs BH-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MDU(COMPANY)	BH-A(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	62.64%	77.48%
Sharpe Ratio	1.17	0.73
5Y Beta	0.50	0.52
Industry	Utilities - Regulated Gas	Restaurants
P/E Ratio	21.88	192.33
Forward P/E	21.14	N/A
PEG Ratio	2.62	N/A
Dividend Yield	2.65%	N/A
5Y Dividends CAGR	16.52%	N/A
5Y EPS CAGR	5.83%	N/A
Debt to Equity	89.40%	40.64%
Free Cash Flow Yield	9.47%	1.90%
P/S Ratio	2.41	3.32
P/B Ratio	1.47	1.70

Market Cap

MDU

$4.28B

Winner

BH-A

$4.28B

Max Drawdown

Winner

MDU

62.64%

BH-A

77.48%

Sharpe Ratio

Winner

MDU

1.17

BH-A

0.73

5Y Beta

Winner

MDU

0.50

BH-A

0.52

Industry

MDU

Utilities - Regulated Gas

BH-A

Restaurants

P/E Ratio

Winner

MDU

21.88

BH-A

192.33

Forward P/E

MDU

21.14

BH-A

N/A

PEG Ratio

MDU

2.62

BH-A

N/A

Dividend Yield

MDU

2.65%

BH-A

N/A

5Y Dividends CAGR

MDU

16.52%

BH-A

N/A

5Y EPS CAGR

MDU

5.83%

BH-A

N/A

Debt to Equity

MDU

89.40%

Winner

BH-A

40.64%

Free Cash Flow Yield

Winner

MDU

9.47%

BH-A

1.90%

P/S Ratio

Winner

MDU

2.41

BH-A

3.32

P/B Ratio

Winner

MDU

1.47

BH-A

1.70

MDU vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	MDU	BH-A
1 month	-0.09%	+15.70%
3 months	-5.46%	+8.74%
6 months	+5.00%	-11.55%
1 year	+30.10%	+31.57%
5 years(CAGR)	+15.29%	+18.25%
10 years(CAGR)	+11.90%	+6.05%
Max(CAGR)	+9.57%	+6.05%

MDU

-0.09%

Winner

BH-A

+15.70%

MDU

-5.46%

Winner

BH-A

+8.74%

Winner

MDU

+5.00%

BH-A

-11.55%

MDU

+30.10%

Winner

BH-A

+31.57%

5Y(CAGR)

MDU

+15.29%

Winner

BH-A

+18.25%

10Y(CAGR)

Winner

MDU

+11.90%

BH-A

+6.05%

Max(CAGR)

Winner

MDU

+9.57%

BH-A

+6.05%

MDU vs BH-A - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MDU	BH-A
2026	+7.01%	+4.71%
2025	+12.26%	+37.01%
2024	+68.79%	+60.59%
2023	-2.47%	+14.88%
2022	+2.01%	-1.08%
2021	+23.38%	+20.87%
2020	-6.58%	-0.68%
2019	+29.95%	-5.44%
2018	-8.11%	-50.01%
2017	-3.41%	N/A
2016	+63.31%	N/A
2015	-20.60%	N/A
2014	-19.73%	N/A
2013	+44.41%	N/A
2012	+1.82%	N/A
2011	+7.36%	N/A
2010	-12.46%	N/A
2009	+8.57%	N/A
2008	-19.86%	N/A
2007	+10.19%	N/A
2006	+16.10%	N/A
2005	+27.28%	N/A
2004	+14.17%	N/A
2003	+40.69%	N/A
2002	-3.98%	N/A
2001	-8.91%	N/A
2000	+70.65%	N/A
1999	-14.76%	N/A

MDU vs BH-A Drawdown Comparison

The maximum drawdown for MDU was -62.15%, occurring on Mar 9, 2009. Recovery took 1280 trading sessions.

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

The current MDU drawdown is -7.37%. The current BH-A drawdown is -22.79%.

Rank	MDU	BH-A
#1	-62.15% Jul 1, 2008 - Aug 1, 2013	-77.48% May 1, 2018 - Dec 16, 2024
#2	-52.77% Apr 24, 2014 - Jan 23, 2020	-45.84% Jan 21, 2026 - May 11, 2026
#3	-52.04% Apr 26, 2001 - Jul 16, 2004	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-51.39% Feb 20, 2020 - Mar 10, 2021	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-25.25% May 7, 2021 - Jul 24, 2023	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	-23.60% Nov 2, 1999 - Jul 13, 2000	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	-21.47% Nov 26, 2024 - Oct 23, 2025	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	-20.47% Apr 25, 2007 - May 13, 2008	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	-18.88% Jul 26, 2023 - Mar 7, 2024	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	-15.91% Dec 28, 2000 - Mar 27, 2001	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	-14.30% Oct 3, 2005 - Apr 21, 2006	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	-13.11% Aug 2, 2013 - Oct 22, 2013	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	-11.36% Aug 18, 2006 - Oct 24, 2006	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	-11.33% Jul 26, 2024 - Sep 13, 2024	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	-10.06% May 11, 2026 - Jul 6, 2026	-1.00% Oct 2, 2025 - Oct 7, 2025