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Biglari Holdings (Biglari Holdings) Cyclically Adjusted Price-to-FCF : 5.75 (As of Apr. 28, 2024)


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What is Biglari Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Biglari Holdings's current share price is $206.85. Biglari Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $35.95. Biglari Holdings's Cyclically Adjusted Price-to-FCF for today is 5.75.

The historical rank and industry rank for Biglari Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.47   Med: 10.04   Max: 41.61
Current: 5.75

During the past years, Biglari Holdings's highest Cyclically Adjusted Price-to-FCF was 41.61. The lowest was 2.47. And the median was 10.04.

BH's Cyclically Adjusted Price-to-FCF is ranked better than
85.59% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs BH: 5.75

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Biglari Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $5.746. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $35.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Biglari Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Biglari Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Biglari Holdings Cyclically Adjusted Price-to-FCF Chart

Biglari Holdings Annual Data
Trend Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.70 6.17 5.14 4.20 4.59

Biglari Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.20 4.94 5.75 4.68 4.59

Competitive Comparison of Biglari Holdings's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Biglari Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Biglari Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Biglari Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Biglari Holdings's Cyclically Adjusted Price-to-FCF falls into.



Biglari Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Biglari Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=206.85/35.95
=5.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Biglari Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Biglari Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.746/129.4194*129.4194
=5.746

Current CPI (Dec. 2023) = 129.4194.

Biglari Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.228 99.695 -0.296
201406 -2.980 100.560 -3.835
201409 -0.235 100.428 -0.303
201412 -1.126 99.070 -1.471
201503 -1.333 99.621 -1.732
201506 7.559 100.684 9.716
201509 4.693 100.392 6.050
201512 8.085 99.792 10.485
201603 7.723 100.470 9.948
201606 12.134 101.688 15.443
201609 6.817 101.861 8.661
201612 1.193 101.863 1.516
201703 2.834 102.862 3.566
201706 2.020 103.349 2.530
201709 -0.486 104.136 -0.604
201712 2.272 104.011 2.827
201803 -4.505 105.290 -5.537
201806 2.429 106.317 2.957
201809 -4.784 106.507 -5.813
201812 6.080 105.998 7.423
201903 -7.857 107.251 -9.481
201906 -0.539 108.070 -0.645
201909 26.796 108.329 32.013
201912 14.342 108.420 17.120
202003 25.554 108.902 30.369
202006 14.386 108.767 17.118
202009 2.520 109.815 2.970
202012 1.219 109.897 1.436
202103 98.288 111.754 113.824
202106 1.556 114.631 1.757
202109 2.776 115.734 3.104
202112 -0.174 117.630 -0.191
202203 7.747 121.301 8.265
202206 3.968 125.017 4.108
202209 39.922 125.227 41.259
202212 7.013 125.222 7.248
202303 9.585 127.348 9.741
202306 4.778 128.729 4.804
202309 7.478 129.860 7.453
202312 5.746 129.419 5.746

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Biglari Holdings  (NYSE:BH) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Biglari Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Biglari Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Biglari Holdings (Biglari Holdings) Business Description

Traded in Other Exchanges
Address
19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259
Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations, and Maxim. The majority of revenue is derived from the Restaurant Operations segment. The Restaurant Operations segment includes Steak n Shake and Western Sizzlin Restaurant businesses.
Executives
Sardar Biglari, director, 10 percent owner, officer: Chairman and CEO C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
John Garrett Cardwell director 17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Campbell Edmund B Iii director C/O BIGLARI HOLDINGS INC., 17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Lion Fund Ii, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259

Biglari Holdings (Biglari Holdings) Headlines

From GuruFocus

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 08-05-2022

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 05-16-2022

Biglari Holdings Inc (BH) Chairman and CEO Sardar Biglari, Bought $134,681 of Shares

By GuruFocus Research GuruFocus Editor 12-16-2021

Biglari Holdings Inc (BH) Chairman and CEO Sardar Biglari, Bought $746,397 of Shares

By GuruFocus Research GuruFocus Editor 06-15-2021

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 11-05-2021

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 11-04-2022

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 08-06-2021

Biglari Holdings Inc. News Release

By PRNewswire PRNewswire 06-15-2022