| Biglari Holdings is a holding company. Through its subsidiaries, Co. engages in property and casualty insurance, media and licensing, restaurants, and oil and gas. Co. operates its restaurants via its subsidiaries, Steak n Shake Inc. and Western Sizzlin Corporation. Co.'s insurance business included First Guard Insurance Company and its agency, 1st Guard Corporation, a direct underwriter of commercial truck insurance, selling physical damage and nontrucking liability insurance to truckers. Co.'s Maxim Inc. subsidiary's media business lies principally in media and licensing. Co.'s subsidiaries, Southern Oil Company and Southern Oil of Louisiana Inc. operate oil and natural gas properties. We show 46 historical shares outstanding datapoints in our BH shares outstanding history coverage, used to compute BH market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BH market cap history over the course of time is important for investors
interested in comparing BH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BH versus a peer is one thing; comparing
BH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BH can fluctuate over the course of history.
With this page we aim to empower investors researching BH by allowing them to research the BH market cap history.