NWE vs BH-A

Comparison between NorthWestern Energy Group Inc (NWE, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

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

5-Year PerformanceBH-A has outperformed NWE, delivering a return of +14.4% compared to +6.5%

NWE vs BH-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NWE(COMPANY)	BH-A(COMPANY)
Market Cap	$4.29B	$4.28B
Max Drawdown	41.97%	77.48%
Sharpe Ratio	1.34	0.84
5Y Beta	0.21	0.52
Industry	Utilities - Regulated Electric	Restaurants
P/E Ratio	21.43	192.33
Forward P/E	16.84	N/A
PEG Ratio	1.40	N/A
Dividend Yield	3.80%	N/A
5Y Dividends CAGR	6.46%	N/A
Debt to Equity	112.84%	40.64%
Free Cash Flow Yield	-3.45%	1.90%
P/S Ratio	2.46	3.32
P/B Ratio	1.39	1.70

Market Cap

Winner

NWE

$4.29B

BH-A

$4.28B

Max Drawdown

Winner

NWE

41.97%

BH-A

77.48%

Sharpe Ratio

Winner

NWE

1.34

BH-A

0.84

5Y Beta

Winner

NWE

0.21

BH-A

0.52

Industry

NWE

Utilities - Regulated Electric

BH-A

Restaurants

P/E Ratio

Winner

NWE

21.43

BH-A

192.33

Forward P/E

NWE

16.84

BH-A

N/A

PEG Ratio

NWE

1.40

BH-A

N/A

Dividend Yield

NWE

3.80%

BH-A

N/A

5Y Dividends CAGR

NWE

6.46%

BH-A

N/A

Debt to Equity

NWE

112.84%

Winner

BH-A

40.64%

Free Cash Flow Yield

NWE

-3.45%

Winner

BH-A

1.90%

P/S Ratio

Winner

NWE

2.46

BH-A

3.32

P/B Ratio

Winner

NWE

1.39

BH-A

1.70

NWE vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	NWE	BH-A
1 month	-0.63%	+31.44%
3 months	+6.69%	+8.19%
6 months	+6.81%	+3.77%
1 year	+40.79%	+41.42%
5 years(CAGR)	+6.51%	+14.36%
10 years(CAGR)	+5.81%	+5.18%
Max(CAGR)	+9.40%	+5.18%

NWE

-0.63%

Winner

BH-A

+31.44%

NWE

+6.69%

Winner

BH-A

+8.19%

Winner

NWE

+6.81%

BH-A

+3.77%

NWE

+40.79%

Winner

BH-A

+41.42%

5Y(CAGR)

NWE

+6.51%

Winner

BH-A

+14.36%

10Y(CAGR)

Winner

NWE

+5.81%

BH-A

+5.18%

Max(CAGR)

Winner

NWE

+9.40%

BH-A

+5.18%

NWE vs BH-A - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	NWE	BH-A
2026	+10.80%	-2.51%
2025	+27.51%	+37.01%
2024	+9.92%	+60.59%
2023	-10.81%	+14.88%
2022	+9.14%	-1.08%
2021	+4.13%	+20.87%
2020	-13.60%	-0.68%
2019	+27.53%	-5.44%
2018	+5.96%	-50.01%
2017	+9.11%	N/A
2016	+10.49%	N/A
2015	-1.09%	N/A
2014	+36.56%	N/A
2013	+25.68%	N/A
2012	+1.19%	N/A
2011	+27.61%	N/A
2010	+14.83%	N/A
2009	+17.57%	N/A
2008	-14.65%	N/A
2007	+0.10%	N/A

NWE vs BH-A Drawdown Comparison

The maximum drawdown for NWE was -39.28%, occurring on Oct 27, 2008. Recovery took 493 trading sessions.

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

The current NWE drawdown is -3.15%. The current BH-A drawdown is -28.12%.

Rank	NWE	BH-A
#1	-39.28% Dec 31, 2007 - Dec 14, 2009	-77.48% May 1, 2018 - Dec 16, 2024
#2	-39.27% Feb 19, 2020 - Oct 24, 2025	-45.84% Jan 21, 2026 - May 11, 2026
#3	-21.00% Nov 30, 2017 - Nov 12, 2018	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-15.95% Jan 23, 2015 - Feb 3, 2016	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-15.80% May 3, 2010 - Oct 18, 2010	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	-13.84% Jul 5, 2016 - May 31, 2017	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	-13.44% Jul 21, 2011 - Oct 18, 2011	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	-13.20% Jun 30, 2014 - Oct 30, 2014	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	-11.15% Dec 28, 2009 - Mar 16, 2010	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	-10.66% Oct 29, 2013 - Mar 17, 2014	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	-10.64% Sep 26, 2012 - Feb 1, 2013	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	-10.51% Apr 4, 2016 - Jun 27, 2016	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	-10.47% Apr 15, 2026 - Jun 9, 2026	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	-10.44% Sep 25, 2019 - Jan 22, 2020	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	-10.11% Mar 4, 2026 - Apr 14, 2026	-1.00% Oct 2, 2025 - Oct 7, 2025