BIGLARI HLDGS CL. A Net Assets
BIGLARI HLDGS CL. A net assets. Based on the latest financial reports, BIGLARI HLDGS CL. A (SQ7A) has net assets worth €543.79 Million EUR (≈ $635.75 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.06 Billion ≈ $1.24 Billion USD) and total liabilities (€514.80 Million ≈ $601.85 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of BIGLARI HLDGS CL. A to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €543.79 Million |
| % of Total Assets | 51.37% |
| Annual Growth Rate | -2.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.28 |
Net Assets of BIGLARI HLDGS CL. A (2021–2025)
Net assets of BIGLARI HLDGS CL. A from 2021 to 2025. This chart illustrates how BIGLARI HLDGS CL. A's net assets have evolved over time, based on quarterly financial data. See SQ7A net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for BIGLARI HLDGS CL. A (2021–2025)
The table below shows the annual net assets of BIGLARI HLDGS CL. A from 2021 to 2025. For live market cap and overall valuation, see BIGLARI HLDGS CL. A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €523.43 Million ≈ $611.94 Million |
-8.64% |
| 2024-12-31 | €572.96 Million ≈ $669.85 Million |
-4.40% |
| 2023-12-31 | €599.33 Million ≈ $700.68 Million |
+7.88% |
| 2022-12-31 | €555.57 Million ≈ $649.52 Million |
-5.47% |
| 2021-12-31 | €587.70 Million ≈ $687.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BIGLARI HLDGS CL. A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3.0% over the analyzed period, potentially due to dividend distributions or operating losses.
BIGLARI HLDGS CL. A Net Assets Breakdown (December 2025)
BIGLARI HLDGS CL. A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €590.21 Million | 112.76% |
| Total Equity | €523.43 Million | 100.00% |
BIGLARI HLDGS CL. A Competitors by Market Cap
The table below lists competitors of BIGLARI HLDGS CL. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FrontView REIT, Inc.
NYSE:FVR
|
$411.59 Million |
|
Landsea Homes Corp
NASDAQ:LSEA
|
$411.79 Million |
|
Acacia Research Corporation
NASDAQ:ACTG
|
$411.82 Million |
|
FinVolution Group
NYSE:FINV
|
$411.82 Million |
|
Zhejiang Wufangzhai Industry Co. Ltd. A
SHG:603237
|
$411.02 Million |
|
Guilin Tourism Corp Ltd
SHE:000978
|
$411.01 Million |
|
Proact IT Group AB
ST:PACT
|
$410.95 Million |
|
Suzhou Weizhixiang Food Co. Ltd.
SHG:605089
|
$410.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BIGLARI HLDGS CL. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 572,961,000 to 523,429,000, a change of -49,532,000 (-8.6%).
- Net loss of 37,488,000 reduced equity.
- Other factors decreased equity by 12,044,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-37.49 Million | -7.16% |
| Other Changes | €-12.04 Million | -2.3% |
| Total Change | €- | -8.64% |
Book Value vs Market Value Analysis
This analysis compares BIGLARI HLDGS CL. A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 8.66x to 9.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €189.40 | €1640.00 | x |
| 2022-12-31 | €176.27 | €1640.00 | x |
| 2023-12-31 | €193.15 | €1640.00 | x |
| 2024-12-31 | €184.65 | €1640.00 | x |
| 2025-12-31 | €168.69 | €1640.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BIGLARI HLDGS CL. A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.48%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.96x
- Recent ROE (-7.16%) is below the historical average (0.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 6.04% | 9.69% | 0.41x | 1.52x | €-23.29 Million |
| 2022 | -5.85% | -8.70% | 0.44x | 1.51x | €-86.71 Million |
| 2023 | 9.17% | 15.04% | 0.43x | 1.42x | €-4.99 Million |
| 2024 | -0.66% | -1.04% | 0.42x | 1.51x | €-61.06 Million |
| 2025 | -7.16% | -9.48% | 0.39x | 1.96x | €-89.83 Million |
Industry Comparison
This section compares BIGLARI HLDGS CL. A's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,861,525,470
- Average return on equity (ROE) among peers: -3.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BIGLARI HLDGS CL. A (SQ7A) | €543.79 Million | 6.04% | 0.95x | $411.23 Million |
| Xiabuxiabu Catering Management (China) Holdings Co. Ltd (0XI) | $844.89 Million | -47.42% | 2.96x | $25.80 Million |
| DP POLAND PLC (2OP) | $11.77 Million | -42.33% | 2.02x | $60.42 Million |
| JIUMAOJIU INTL HLDGS LTD (3YU) | $3.15 Billion | 1.77% | 1.06x | $149.37 Million |
| SHEPHERD NEAME P. CONS. (43Y) | $177.33 Million | 3.54% | 1.02x | $82.80 Million |
| VARIOUS EATERIES LS -01 (63U) | $29.49 Million | -11.38% | 1.50x | $23.11 Million |
| DANIEL THWAITES LS-25 (7KW) | $242.00 Million | 5.33% | 0.42x | $53.77 Million |
| HAIDILAO INT.HLDG LTD (8HI) | $11.52 Billion | 39.06% | 1.14x | $5.95 Billion |
| HelloFresh SE (HFG) | $1.02 Billion | 1.90% | 1.53x | $485.15 Million |
| HELLOFRESH UNSP.ADS/025 (HFG0) | $959.60 Million | 13.23% | 1.64x | $385.44 Million |
| Domino's Pizza Enterprises Limited (HQX) | $663.09 Million | -0.56% | 3.03x | $895.36 Million |
About BIGLARI HLDGS CL. A
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. It also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insura… Read more