Biglari Holdings Inc
NYSE: BH-A · CONSUMER CYCLICAL · RESTAURANTS
Updated 2026-04-30
Biglari Holdings Inc (BH-A) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for BH-A.
Current price exceeds what fundamentals support. Risk/reward skewed unfavorably.
BH-A historical valuation range
Where current P/E sits in BH-A's own 5Y range.
BH-A intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
BH-A valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
P/S Ratio — History
Current: 2.67x
Is BH-A overvalued in 2026?
Biglari Holdings Inc (BH-A) currently trades at $1,614.30 per share with a market capitalization of $1,057,084,000.00. Based on our multi-factor framework, the stock appears richly valued with a Smart Value Score of 31/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
BH-A currently has no meaningful P/E ratio, which typically signals that the company is unprofitable, near breakeven, or emerging from a loss-making period. With a P/S ratio of 2.7x, the market is valuing the company primarily on its revenue rather than its earnings.
Looking at its own history, BH-A is currently trading cheaper than 100% of the last 5Y on P/E. This places it in the 0th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates BH-A's intrinsic value at $2,582.92 per share, against the current market price of $1,614.30. This implies a margin of safety of +17.50%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Financial quality is a concern. The Piotroski F-Score of 0/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: BH-A appears richly valued on our framework, with a Smart Value Score of 31/100. At current levels the risk/reward is skewed against the buyer. A materially lower price or significant operational improvement would be needed to change the picture.
Frequently asked questions
Is BH-A overvalued in 2026?
Based on a Smart Value Score of 31/100, BH-A appears overvalued. Current price exceeds what fundamentals currently justify.
What is BH-A's fair value?
Our DCF model estimates BH-A's intrinsic value at $2,582.92 per share, versus the current price of $1,614.30. This produces a margin of safety of +17.50%.
What P/E ratio does BH-A trade at?
BH-A does not have a meaningful P/E ratio at this time, typically a sign of unprofitability or an ongoing earnings transition.
Is BH-A a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 31/100 reflects the combined read on growth, quality, and price. The profile skews cautious. Consider waiting for a better price or clearer operational improvement.
How does BH-A's valuation compare to its history?
On P/E, BH-A currently sits in the 0th percentile of its own 5Y range. That is historically cheap relative to where it has traded over the period.
What is BH-A's Smart Value Score?
BH-A's Smart Value Score is 31/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.