Is Biglari Holdings, Inc. overvalued or undervalued?

As of 3 March 2025, the valuation grade for Biglari Holdings, Inc. has moved from attractive to risky. This shift indicates that the company is currently overvalued. Key ratios reveal a Price to Book Value of 1.50, an EV to EBIT of 38.05, and an EV to EBITDA of 12.41, which suggest that the company's valuation metrics are not favorable compared to its peers.
In comparison to its industry, Biglari Holdings has a P/E ratio of -14.29, while Sweetgreen, Inc. also shows a negative P/E of -16.70, indicating that both companies are struggling financially. On the other hand, Carrols Restaurant Group, Inc. is fairly valued with a P/E of 15.07, highlighting the disparity in valuation among peers. Notably, Biglari's recent stock performance has outpaced the S&P 500, with a 1-year return of 53.70% compared to the S&P 500's 10.26%, but this does not mitigate the current overvaluation concerns.