NBN vs BH

Comparison between Northeast Bank (NBN, Company) and Biglari Holdings Inc - Class B (BH, Company).

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

5-Year PerformanceNBN has outperformed BH, delivering a return of +34.7% compared to +17.2%

NBN vs BH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NBN(COMPANY)	BH(COMPANY)
Market Cap	$1.16B	$1.16B
Max Drawdown	72.45%	87.84%
Sharpe Ratio	0.92	0.50
5Y Beta	0.92	0.91
Industry	Banks - Regional	Restaurants
P/E Ratio	62.90	N/A
Forward P/E	16.26	10.57
PEG Ratio	2.49	-12.63
Dividend Yield	0.03%	N/A
5Y Dividends CAGR	4.56%	N/A
5Y EPS CAGR	37.33%	N/A
Debt to Equity	0.00%	46.22%
Free Cash Flow Yield	2.15%	7.02%
P/S Ratio	4.78	2.95
P/B Ratio	1.99	2.38

Market Cap

Winner

NBN

$1.16B

Max Drawdown

Winner

NBN

72.45%

87.84%

Sharpe Ratio

Winner

NBN

0.92

0.50

5Y Beta

NBN

0.92

Winner

0.91

Industry

NBN

Banks - Regional

Restaurants

P/E Ratio

NBN

62.90

N/A

Forward P/E

NBN

16.26

Winner

10.57

PEG Ratio

NBN

2.49

Winner

-12.63

Dividend Yield

NBN

0.03%

N/A

5Y Dividends CAGR

NBN

4.56%

N/A

5Y EPS CAGR

NBN

37.33%

N/A

Debt to Equity

Winner

NBN

0.00%

46.22%

Free Cash Flow Yield

NBN

2.15%

Winner

7.02%

P/S Ratio

NBN

4.78

Winner

2.95

P/B Ratio

Winner

NBN

1.99

2.38

NBN vs BH - Historical Returns

Returns include dividend reinvestment.

Period	NBN	BH
1 month	+0.59%	+5.75%
3 months	+7.92%	+22.90%
6 months	+13.26%	-18.61%
1 year	+34.05%	+21.20%
5 years(CAGR)	+34.73%	+17.22%
10 years(CAGR)	+27.96%	+3.13%
Max(CAGR)	+12.19%	+3.51%

NBN

+0.59%

Winner

+5.75%

NBN

+7.92%

Winner

+22.90%

Winner

NBN

+13.26%

-18.61%

Winner

NBN

+34.05%

+21.20%

5Y(CAGR)

Winner

NBN

+34.73%

+17.22%

10Y(CAGR)

Winner

NBN

+27.96%

+3.13%

Max(CAGR)

Winner

NBN

+12.19%

+3.51%

NBN vs BH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NBN	BH
2026	+25.67%	+10.63%
2025	+13.60%	+32.99%
2024	+67.77%	+59.80%
2023	+31.59%	+19.21%
2022	+16.58%	-1.68%
2021	+57.26%	+30.19%
2020	+2.58%	-2.97%
2019	+25.18%	-2.10%
2018	-28.21%	-59.43%
2017	+73.79%	-13.48%
2016	+24.51%	+41.03%
2015	+8.35%	-19.15%
2014	+3.90%	-20.21%
2013	+9.24%	+37.54%
2012	-20.54%	+4.01%
2011	-13.69%	-11.27%
2010	+76.66%	+30.54%
2009	+10.17%	+162.66%
2008	-47.50%	-43.33%
2007	-23.74%	-37.96%
2006	-20.71%	+5.20%
2005	+6.16%	-13.25%
2004	+22.70%	+11.56%
2003	+34.92%	+75.86%
2002	+18.46%	-5.03%
2001	+52.69%	+62.11%
2000	+11.01%	-31.20%
1999	-8.81%	-17.71%

NBN vs BH Drawdown Comparison

The maximum drawdown for NBN was -70.51%, occurring on Dec 19, 2008. Recovery took 2860 trading sessions.

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

The current NBN drawdown is -6.01%. The current BH drawdown is -20.28%.

Rank	NBN	BH
#1	-70.51% Jan 3, 2006 - May 15, 2017	-87.84% Dec 26, 2013 - Oct 13, 2025
#2	-70.25% Oct 10, 2017 - Mar 8, 2021	-86.56% Aug 1, 2005 - Dec 20, 2010
#3	-29.30% Feb 3, 2023 - Jul 26, 2023	-48.04% Jan 21, 2026 - May 11, 2026
#4	-27.57% Sep 18, 2025 - Jan 15, 2026	-46.45% Nov 2, 1999 - Jan 14, 2002
#5	-26.41% Feb 7, 2025 - Aug 26, 2025	-43.19% Jun 28, 2002 - Jul 9, 2003
#6	-22.79% Nov 9, 1999 - Jan 26, 2001	-37.63% Feb 8, 2011 - Aug 22, 2013
#7	-15.48% Jan 30, 2024 - May 21, 2024	-27.01% Oct 24, 2025 - Jan 7, 2026
#8	-15.31% Feb 6, 2026 - Apr 28, 2026	-24.52% Jan 21, 2004 - Aug 1, 2005
#9	-14.84% Dec 3, 2004 - May 18, 2005	-13.18% Feb 25, 2002 - Jun 14, 2002
#10	-14.16% Aug 16, 2022 - Oct 28, 2022	-11.86% Jun 17, 2002 - Jun 28, 2002
#11	-13.97% Apr 16, 2002 - Feb 12, 2003	-10.28% Jul 9, 2003 - Sep 11, 2003
#12	-13.77% Jun 3, 2022 - Jul 25, 2022	-9.60% Sep 18, 2003 - Oct 14, 2003
#13	-13.63% Dec 12, 2022 - Feb 3, 2023	-9.38% Nov 3, 2003 - Dec 30, 2003
#14	-13.51% May 18, 2005 - Dec 22, 2005	-7.76% Dec 20, 2010 - Jan 14, 2011
#15	-13.29% Mar 11, 2021 - Apr 22, 2021	-7.76% Jan 23, 2002 - Feb 22, 2002

Correlation

Correlation between NBN and BH is 0.32 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.32

-101

Dividend Comparison (1999 - 2026)

NBN vs BH dividend yield comparison.

Year	NBN	BH
2026	0.02%	0.00%
2025	0.04%	0.00%
2024	0.04%	0.00%
2023	0.07%	0.00%
2022	0.10%	0.00%
2021	0.11%	0.00%
2020	0.18%	0.00%
2019	0.18%	0.00%
2018	0.24%	0.00%
2017	0.17%	0.00%
2016	0.31%	0.00%
2015	0.38%	0.00%
2014	1.24%	0.00%
2013	3.76%	6.63%
2012	3.94%	0.00%
2011	2.86%	0.00%
2010	2.33%	0.00%
2009	4.26%	0.00%
2008	4.99%	0.00%
2007	2.53%	0.00%
2006	1.88%	0.00%
2005	1.50%	0.00%
2004	1.57%	0.00%
2003	1.71%	0.00%
2002	1.94%	1.00%
2001	1.94%	0.00%
2000	2.90%	0.00%
1999	0.98%	0.00%