Valuation
26% of the score
0median 13
An operating loss over the last year: there are no earnings to price.
BH-ABiglari Holdings Inc.
$1,701.77+9.4% 1Y
$1,701.77
$1.3K52 weeks$2.5K
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 30 out of 100, Below average
Below average. Biglari Holdings Inc. scores higher than 25% of the 1,794 companies Ryufin scores.
Carried by capital allocation and cycle position, held back by valuation and return on capital.
Consumer Cyclical median 61 · all companies 50
Return on capital
18% of the score
0median 34
Over 7 years the business earned -0.7% a year after tax on the capital it uses.
2%
8%
15%
25%
-0.7%
None at 2% or less, full points from 25%full points
7 years agolatest 2.1%
Return on new capital
16% of the score
0median 49
No operating profit over the period, so nothing was earned to reinvest.
Capital allocation
14% of the score
89median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 5.5% a year over 5 years: buybacks
1005%
-3%
-5.5%
0 pointsfull points
Assets against salesAssets grew 0.1% a year, sales -1.8%
7212%
-2%
2%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of -8.5% is -2.14x its normal 4%: near a trough. Normal is half the 9 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
-2.1x
A trough earns points, a peak costs themfull points
10 years agonow -8.5%
Balance sheet
8% of the score
0median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA25.7x a year of EBITDA
04.5x
0.5x
25.7x
0 pointsfull points
Interest coverOperating profit covers interest -2x
01.5x
12x
-1.9x
0 pointsfull points
Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 16.76x profit over 3 years
1000.7x
1x
1.3x
16.8x
0 pointsfull points
AccrualsCash ran ahead of profit by 15.3% of assets
1008%
0%
-8%
-15%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.