SLM vs BH-A

Comparison between SLM Corp (SLM, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

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

5-Year PerformanceBH-A has outperformed SLM, delivering a return of +14.0% compared to +4.7%

SLM vs BH-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SLM(COMPANY)	BH-A(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	94.51%	77.48%
Sharpe Ratio	-0.82	0.64
5Y Beta	1.09	0.51
Industry	Credit Services	Restaurants
P/E Ratio	5.45	192.33
Forward P/E	7.05	N/A
PEG Ratio	0.08	N/A
Dividend Yield	2.33%	N/A
5Y Dividends CAGR	34.08%	N/A
5Y EPS CAGR	27.23%	N/A
Debt to Equity	253.08%	40.64%
Free Cash Flow Yield	-7.68%	1.90%
P/S Ratio	2.48	3.32
P/B Ratio	1.89	1.70

Market Cap

SLM

$4.28B

Winner

BH-A

$4.28B

Max Drawdown

SLM

94.51%

Winner

BH-A

77.48%

Sharpe Ratio

SLM

-0.82

Winner

BH-A

0.64

5Y Beta

SLM

1.09

Winner

BH-A

0.51

Industry

SLM

Credit Services

BH-A

Restaurants

P/E Ratio

Winner

SLM

5.45

BH-A

192.33

Forward P/E

SLM

7.05

BH-A

N/A

PEG Ratio

SLM

0.08

BH-A

N/A

Dividend Yield

SLM

2.33%

BH-A

N/A

5Y Dividends CAGR

SLM

34.08%

BH-A

N/A

5Y EPS CAGR

SLM

27.23%

BH-A

N/A

Debt to Equity

SLM

253.08%

Winner

BH-A

40.64%

Free Cash Flow Yield

SLM

-7.68%

Winner

BH-A

1.90%

P/S Ratio

Winner

SLM

2.48

BH-A

3.32

P/B Ratio

SLM

1.89

Winner

BH-A

1.70

SLM vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	SLM	BH-A
1 month	-0.09%	+2.87%
3 months	+13.23%	-11.76%
6 months	-26.07%	+3.96%
1 year	-28.14%	+26.12%
5 years(CAGR)	+4.69%	+14.05%
10 years(CAGR)	+13.66%	+3.74%
Max(CAGR)	+6.71%	+3.74%

SLM

-0.09%

Winner

BH-A

+2.87%

Winner

SLM

+13.23%

BH-A

-11.76%

SLM

-26.07%

Winner

BH-A

+3.96%

SLM

-28.14%

Winner

BH-A

+26.12%

5Y(CAGR)

SLM

+4.69%

Winner

BH-A

+14.05%

10Y(CAGR)

Winner

SLM

+13.66%

BH-A

+3.74%

Max(CAGR)

Winner

SLM

+6.71%

BH-A

+3.74%

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

Returns include dividend reinvestment.

Year	SLM	BH-A
2026	-17.30%	-12.86%
2025	+0.63%	+37.01%
2024	+46.43%	+60.59%
2023	+19.14%	+14.88%
2022	-13.40%	-1.08%
2021	+64.48%	+20.87%
2020	+40.42%	-0.68%
2019	+5.79%	-5.44%
2018	-26.72%	-50.01%
2017	-0.44%	N/A
2016	+68.50%	N/A
2015	-36.82%	N/A
2014	+11.70%	N/A
2013	+55.02%	N/A
2012	+28.57%	N/A
2011	+6.58%	N/A
2010	+9.10%	N/A
2009	+24.26%	N/A
2008	-54.03%	N/A
2007	-57.55%	N/A
2006	-10.92%	N/A
2005	+2.53%	N/A
2004	+46.70%	N/A
2003	+9.31%	N/A
2002	+27.39%	N/A
2001	+35.04%	N/A
2000	+73.74%	N/A
1999	-11.01%	N/A

SLM vs BH-A Drawdown Comparison

The maximum drawdown for SLM was -94.50%, occurring on Mar 9, 2009. Recovery took 3458 trading sessions.

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

The current SLM drawdown is -33.55%. The current BH-A drawdown is -35.75%.

Rank	SLM	BH-A
#1	-94.50% Jul 9, 2007 - Apr 1, 2021	-77.48% May 1, 2018 - Dec 16, 2024
#2	-46.78% Nov 15, 1999 - Oct 24, 2000	-45.84% Jan 21, 2026 - May 11, 2026
#3	-45.06% Jul 7, 2025 - Feb 27, 2026	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-44.08% Jul 1, 2021 - Jan 25, 2024	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-28.11% Jan 13, 2006 - Jun 13, 2007	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	-23.32% Feb 18, 2025 - May 12, 2025	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	-18.24% May 17, 2002 - Oct 17, 2002	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	-15.91% Jul 16, 2024 - Oct 17, 2024	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	-15.85% Jan 14, 2005 - Oct 21, 2005	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	-15.53% Jun 16, 2003 - Mar 4, 2004	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	-14.51% Dec 29, 2000 - Feb 7, 2001	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	-14.20% Mar 7, 2001 - Jul 12, 2001	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	-13.06% Mar 5, 2004 - Sep 20, 2004	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	-9.60% Oct 17, 2024 - Nov 6, 2024	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	-9.51% Aug 20, 2001 - Oct 1, 2001	-1.00% Oct 2, 2025 - Oct 7, 2025