Weak across most dimensions. This doesn't mean avoid, but the burden of proof is on the bull case.
Broad-market heuristics · Not a buy/sell signal
Valuation and growth
Valuation
Growth
Under 20x, reasonable relative to earnings
Under 20x cash flow, well covered
2–5% CAGR, growing but slowly
Below 2%, essentially flat
Business Quality & Capital Allocation
Mild dilution under 2%
Contracted >2pp, margin pressure
Net debt/FCF of 4.4x, high leverage
Below 8%, may not cover cost of capital
Biglari Holdings (BH) quality: score, margins and returns
Biglari Holdings (BH) scores 37/100 on Intrinsiqq's quality score (a lower-quality business), a weighted blend of 8 metrics each scored 0 to 100, on 1.8% operating margins and 0.7% ROIC. Every metric is computed from SEC filings; this is analysis, not investment advice.
Frequently asked
Is Biglari Holdings (BH) a high-quality business?+
Biglari Holdings scores 37 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a lower-quality business on these measures. Recent figures include a 1.8% operating margin and a 0.7% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.
What does Biglari Holdings's quality score measure?+
Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from BH's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Biglari Holdings scores well and where it falls behind.
What is Biglari Holdings's return on invested capital (ROIC)?+
Biglari Holdings earns about 0.7% on its invested capital, which is weak. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to BH's margins and growth on this scorecard to judge durability.
How profitable is Biglari Holdings?+
Biglari Holdings runs an operating margin of about 1.8% and a net margin of about -7.3%. Revenue has grown at roughly -1.8% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.
SourceQuality score computed from the 10-Q filed 7 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.
Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.
Peers
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Held by ETFs
BH is in 11 US ETFs. The largest of them, with BH's weight in each:
iShares Russell 2000 Value ETFIWN0.02%of the fund
Dimensional U.S. Targeted Value ETFDFAT0.04%of the fund
Dimensional US Small Cap Value ETFDFSV0.04%of the fund
Vanguard Consumer Discretionary ETFVCR0.01%of the fund
Pacer US Small Cap Cash Cows ETFCALF0.06%of the fund
VictoryShares US Small Mid Cap Value Momentum ETFUSVM0.33%of the fund
Spot a number that looks wrong? Check it in BH's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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