<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: QXInteractive; Version: 4.26a -->
    <!-- Field: Doc-Info; Name: Source; Value: 73863 03312019 10Q1.xfr; Date: 2019%2D05%2D03T19:47:17Z -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://biglariholdings.com/role/DocumentAndEntityInformation" xlink:href="bh-20190331.xsd#DocumentAndEntityInformation" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/ConsolidatedBalanceSheets" xlink:href="bh-20190331.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/ConsolidatedStatementsOfEarnings" xlink:href="bh-20190331.xsd#ConsolidatedStatementsOfEarnings" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:href="bh-20190331.xsd#ConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="bh-20190331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/ConsolidatedStatementsOfChangesInShareholdersEquity" xlink:href="bh-20190331.xsd#ConsolidatedStatementsOfChangesInShareholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note1.SummaryOfSignificantAccountingPolicies" xlink:href="bh-20190331.xsd#Note1.SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note2.NewAccountingStandards" xlink:href="bh-20190331.xsd#Note2.NewAccountingStandards" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note3.EarningsPerShare" xlink:href="bh-20190331.xsd#Note3.EarningsPerShare" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note4.Investments" xlink:href="bh-20190331.xsd#Note4.Investments" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnerships" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnerships" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note6.PropertyAndEquipment" xlink:href="bh-20190331.xsd#Note6.PropertyAndEquipment" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssets" xlink:href="bh-20190331.xsd#Note7.GoodwillAndOtherIntangibleAssets" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenues" xlink:href="bh-20190331.xsd#Note8.RestaurantOperationsRevenues" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpenses" xlink:href="bh-20190331.xsd#Note9.AccountsPayableAndAccruedExpenses" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowings" xlink:href="bh-20190331.xsd#Note10.NotesPayableAndOtherBorrowings" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.Leases" xlink:href="bh-20190331.xsd#Note11.Leases" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncome" xlink:href="bh-20190331.xsd#Note12.AccumulatedOtherComprehensiveIncome" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note13.IncomeTaxes" xlink:href="bh-20190331.xsd#Note13.IncomeTaxes" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note14.CommitmentsAndContingencies" xlink:href="bh-20190331.xsd#Note14.CommitmentsAndContingencies" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssets" xlink:href="bh-20190331.xsd#Note15.FairValueOfFinancialAssets" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note16.RelatedPartyTransactions" xlink:href="bh-20190331.xsd#Note16.RelatedPartyTransactions" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note17.BusinessSegmentReporting" xlink:href="bh-20190331.xsd#Note17.BusinessSegmentReporting" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note1.SummaryOfSignificantAccountingPoliciesPolicies" xlink:href="bh-20190331.xsd#Note1.SummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note3.EarningsPerShareTables" xlink:href="bh-20190331.xsd#Note3.EarningsPerShareTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsTables" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note6.PropertyAndEquipmentTables" xlink:href="bh-20190331.xsd#Note6.PropertyAndEquipmentTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsTables" xlink:href="bh-20190331.xsd#Note7.GoodwillAndOtherIntangibleAssetsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenuesTables" xlink:href="bh-20190331.xsd#Note8.RestaurantOperationsRevenuesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpensesTables" xlink:href="bh-20190331.xsd#Note9.AccountsPayableAndAccruedExpensesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsTables" xlink:href="bh-20190331.xsd#Note10.NotesPayableAndOtherBorrowingsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesTables" xlink:href="bh-20190331.xsd#Note11.LeasesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncomeTables" xlink:href="bh-20190331.xsd#Note12.AccumulatedOtherComprehensiveIncomeTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssetsTables" xlink:href="bh-20190331.xsd#Note15.FairValueOfFinancialAssetsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note17.BusinessSegmentReportingTables" xlink:href="bh-20190331.xsd#Note17.BusinessSegmentReportingTables" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note3.EarningsPerShareDetails" xlink:href="bh-20190331.xsd#Note3.EarningsPerShareDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note4.InvestmentsDetailsNarrative" xlink:href="bh-20190331.xsd#Note4.InvestmentsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails1" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails2" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetails2" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails3" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetails3" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails4" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetails4" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetailsNarrative" xlink:href="bh-20190331.xsd#Note5.InvestmentPartnershipsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note6.PropertyAndEquipmentDetails" xlink:href="bh-20190331.xsd#Note6.PropertyAndEquipmentDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetails" xlink:href="bh-20190331.xsd#Note7.GoodwillAndOtherIntangibleAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetails1" xlink:href="bh-20190331.xsd#Note7.GoodwillAndOtherIntangibleAssetsDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetailsNarrative" xlink:href="bh-20190331.xsd#Note7.GoodwillAndOtherIntangibleAssetsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenuesDetails" xlink:href="bh-20190331.xsd#Note8.RestaurantOperationsRevenuesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpensesDetails" xlink:href="bh-20190331.xsd#Note9.AccountsPayableAndAccruedExpensesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsDetails" xlink:href="bh-20190331.xsd#Note10.NotesPayableAndOtherBorrowingsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsDetailsNarrative" xlink:href="bh-20190331.xsd#Note10.NotesPayableAndOtherBorrowingsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails" xlink:href="bh-20190331.xsd#Note11.LeasesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails1" xlink:href="bh-20190331.xsd#Note11.LeasesDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails2" xlink:href="bh-20190331.xsd#Note11.LeasesDetails2" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails3" xlink:href="bh-20190331.xsd#Note11.LeasesDetails3" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails4" xlink:href="bh-20190331.xsd#Note11.LeasesDetails4" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note11.LeasesDetails5" xlink:href="bh-20190331.xsd#Note11.LeasesDetails5" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncomeDetails" xlink:href="bh-20190331.xsd#Note12.AccumulatedOtherComprehensiveIncomeDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note13.IncomeTaxesDetailsNarrative" xlink:href="bh-20190331.xsd#Note13.IncomeTaxesDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssetsDetails" xlink:href="bh-20190331.xsd#Note15.FairValueOfFinancialAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note17.BusinessSegmentReportingDetails" xlink:href="bh-20190331.xsd#Note17.BusinessSegmentReportingDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://biglariholdings.com/role/Note17.BusinessSegmentReportingDetails1" xlink:href="bh-20190331.xsd#Note17.BusinessSegmentReportingDetails1" xlink:type="simple" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/DocumentAndEntityInformation" xlink:title="00000001 - Document - Document and Entity Information" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/ConsolidatedBalanceSheets" xlink:title="00000002 - Statement - CONSOLIDATED BALANCE SHEETS (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaapAssetsCurrent" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Investments" xlink:label="loc_us-gaapInvestments" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapInvestments" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaapAccountsReceivableNetCurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapAccountsReceivableNetCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryNet" xlink:label="loc_us-gaapInventoryNet" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapInventoryNet" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaapOtherAssetsCurrent" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssetsCurrent" xlink:to="loc_us-gaapOtherAssetsCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaapAssets" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapAssetsCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaapPropertyPlantAndEquipmentNet" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapPropertyPlantAndEquipmentNet" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="loc_us-gaapOtherAssetsNoncurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapOtherAssetsNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="loc_us-gaapEquityMethodInvestments" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapEquityMethodInvestments" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsNet" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsNet" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="loc_us-gaapOperatingLeaseRightOfUseAsset" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapAssets" xlink:to="loc_us-gaapOperatingLeaseRightOfUseAsset" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaapLiabilitiesCurrent" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="loc_us-gaapLongTermDebtCurrent" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapLongTermDebtCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:label="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapAccountsPayableAndAccruedLiabilitiesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:label="loc_us-gaapOperatingLeaseLiabilityCurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesCurrent" xlink:to="loc_us-gaapOperatingLeaseLiabilityCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaapLiabilities" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapLiabilitiesCurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapDeferredTaxLiabilitiesNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaapLongTermDebtNoncurrent" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapLongTermDebtNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="loc_us-gaapOtherLiabilitiesNoncurrent" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapOtherLiabilitiesNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="loc_us-gaapOperatingLeaseLiabilityNoncurrent" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilities" xlink:to="loc_us-gaapOperatingLeaseLiabilityNoncurrent" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaapCommonStockValue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapCommonStockValue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaapAdditionalPaidInCapital" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapAdditionalPaidInCapital" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaapRetainedEarningsAccumulatedDeficit" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapRetainedEarningsAccumulatedDeficit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaapAccumulatedOtherComprehensiveIncomeLossNetOfTax" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapAccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaapTreasuryStockValue" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapStockholdersEquity" xlink:to="loc_us-gaapTreasuryStockValue" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaapLiabilitiesAndStockholdersEquity" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesAndStockholdersEquity" xlink:to="loc_us-gaapLiabilities" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapLiabilitiesAndStockholdersEquity" xlink:to="loc_us-gaapStockholdersEquity" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/ConsolidatedStatementsOfEarnings" xlink:title="00000003 - Statement - CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaapRevenues" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_RestaurantOperationsRevenue" xlink:label="loc_BHRestaurantOperationsRevenue" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapRevenues" xlink:to="loc_BHRestaurantOperationsRevenue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InsuranceServicesRevenue" xlink:label="loc_us-gaapInsuranceServicesRevenue" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapRevenues" xlink:to="loc_us-gaapInsuranceServicesRevenue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_MediaAdvertisingAndOtherRevenue" xlink:label="loc_BHMediaAdvertisingAndOtherRevenue" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapRevenues" xlink:to="loc_BHMediaAdvertisingAndOtherRevenue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaapCostsAndExpenses" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherUnderwritingExpense" xlink:label="loc_us-gaapOtherUnderwritingExpense" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapOtherUnderwritingExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_MediaCostOfSales" xlink:label="loc_BHMediaCostOfSales" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_BHMediaCostOfSales" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaapGeneralAndAdministrativeExpense" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapGeneralAndAdministrativeExpense" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="loc_us-gaapCostOfRevenue" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCostsAndExpenses" xlink:to="loc_us-gaapCostOfRevenue" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="loc_us-gaapNonoperatingIncomeExpense" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_InterestOnObligationsUnderLeases" xlink:label="loc_BHInterestOnObligationsUnderLeases" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_BHInterestOnObligationsUnderLeases" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaapInterestExpense" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_us-gaapInterestExpense" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_InvestmentPartnershipGainsLosses" xlink:label="loc_BHInvestmentPartnershipGainsLosses" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNonoperatingIncomeExpense" xlink:to="loc_BHInvestmentPartnershipGainsLosses" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="loc_us-gaapCostsAndExpenses" xlink:type="arc" weight="-1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="loc_us-gaapNonoperatingIncomeExpense" xlink:type="arc" weight="1" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="loc_us-gaapRevenues" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaapProfitLoss" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapProfitLoss" xlink:to="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaapIncomeTaxExpenseBenefit" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapProfitLoss" xlink:to="loc_us-gaapIncomeTaxExpenseBenefit" xlink:type="arc" weight="-1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:title="00000004 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaapOtherComprehensiveIncomeLossNetOfTax" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax" xlink:label="loc_us-gaapOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapOtherComprehensiveIncomeLossNetOfTax" xlink:to="loc_us-gaapOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_ReclassificationOfInvestmentDepreciationInNetEarnings" xlink:label="loc_BHReclassificationOfInvestmentDepreciationInNetEarnings" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapOtherComprehensiveIncomeLossNetOfTax" xlink:to="loc_BHReclassificationOfInvestmentDepreciationInNetEarnings" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_ApplicableIncomeTaxesReclassificationOfInvestmentDepreciationInNetEarnings" xlink:label="loc_BHApplicableIncomeTaxesReclassificationOfInvestmentDepreciationInNetEarnings" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapOtherComprehensiveIncomeLossNetOfTax" xlink:to="loc_BHApplicableIncomeTaxesReclassificationOfInvestmentDepreciationInNetEarnings" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaapComprehensiveIncomeNetOfTax" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaapNetIncomeLoss" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapComprehensiveIncomeNetOfTax" xlink:to="loc_us-gaapNetIncomeLoss" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapComprehensiveIncomeNetOfTax" xlink:to="loc_us-gaapOtherComprehensiveIncomeLossNetOfTax" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/ConsolidatedStatementsOfCashFlows" xlink:title="00000005 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaapProfitLoss" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapProfitLoss" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaapDepreciationDepletionAndAmortization" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapDepreciationDepletionAndAmortization" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaapDeferredIncomeTaxExpenseBenefit" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapDeferredIncomeTaxExpenseBenefit" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestructuringCostsAndAssetImpairmentCharges" xlink:label="loc_us-gaapRestructuringCostsAndAssetImpairmentCharges" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapRestructuringCostsAndAssetImpairmentCharges" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="loc_us-gaapGainLossOnDispositionOfAssets1" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapGainLossOnDispositionOfAssets1" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaapIncreaseDecreaseInOtherOperatingAssets" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInOtherOperatingAssets" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
      <link:calculationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromLimitedPartnershipInvestments" xlink:label="loc_us-gaapProceedsFromLimitedPartnershipInvestments" />
      <link:calculationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapProceedsFromLimitedPartnershipInvestments" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_InvestmentPartnershipGainsLosses" xlink:label="loc_BHInvestmentPartnershipGainsLosses" />
      <link:calculationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_BHInvestmentPartnershipGainsLosses" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaapIncreaseDecreaseInInventories" />
      <link:calculationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:to="loc_us-gaapIncreaseDecreaseInInventories" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaapPaymentsToAcquirePropertyPlantAndEquipment" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsToAcquirePropertyPlantAndEquipment" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="loc_us-gaapProceedsFromSaleOfPropertyPlantAndEquipment" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapProceedsFromSaleOfPropertyPlantAndEquipment" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="loc_us-gaapPaymentsToAcquireInvestments" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapPaymentsToAcquireInvestments" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaapProceedsFromSaleOfAvailableForSaleSecurities" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_us-gaapProceedsFromSaleOfAvailableForSaleSecurities" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_DistributionsFromInvestmentPartnerships" xlink:label="loc_BHDistributionsFromInvestmentPartnerships" />
      <link:calculationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_BHDistributionsFromInvestmentPartnerships" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_PurchasesOfLimitedPartnerInterests" xlink:label="loc_BHPurchasesOfLimitedPartnerInterests" />
      <link:calculationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:to="loc_BHPurchasesOfLimitedPartnerInterests" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaapRepaymentsOfLongTermDebt" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapRepaymentsOfLongTermDebt" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="bh-20190331.xsd#BH_PrincipalPaymentsOnDirectFinancingLeaseObligations" xlink:label="loc_BHPrincipalPaymentsOnDirectFinancingLeaseObligations" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_BHPrincipalPaymentsOnDirectFinancingLeaseObligations" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsAndExcessTaxBenefitFromSharebasedCompensation" xlink:label="loc_us-gaapProceedsAndExcessTaxBenefitFromSharebasedCompensation" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapProceedsAndExcessTaxBenefitFromSharebasedCompensation" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="loc_us-gaapRepaymentsOfLinesOfCredit" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:to="loc_us-gaapRepaymentsOfLinesOfCredit" xlink:type="arc" weight="-1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="loc_us-gaapCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" />
      <link:calculationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="loc_us-gaapNetCashProvidedByUsedInOperatingActivities" xlink:type="arc" weight="1" />
      <link:calculationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="loc_us-gaapNetCashProvidedByUsedInInvestingActivities" xlink:type="arc" weight="1" />
      <link:calculationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="loc_us-gaapNetCashProvidedByUsedInFinancingActivities" xlink:type="arc" weight="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaapEffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" />
      <link:calculationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaapCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:to="loc_us-gaapEffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="arc" weight="1" />
    </link:calculationLink>
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/ConsolidatedStatementsOfChangesInShareholdersEquity" xlink:title="00000006 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY (Unaudited)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note1.SummaryOfSignificantAccountingPolicies" xlink:title="00000007 - Disclosure - Note 1. Summary of Significant Accounting Policies" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note2.NewAccountingStandards" xlink:title="00000008 - Disclosure - Note 2. New Accounting Standards" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note3.EarningsPerShare" xlink:title="00000009 - Disclosure - Note 3. Earnings Per Share" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note4.Investments" xlink:title="00000010 - Disclosure - Note 4. Investments" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnerships" xlink:title="00000011 - Disclosure - Note 5. Investment Partnerships" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note6.PropertyAndEquipment" xlink:title="00000012 - Disclosure - Note 6. Property and Equipment" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssets" xlink:title="00000013 - Disclosure - Note 7. Goodwill and Other Intangible Assets" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenues" xlink:title="00000014 - Disclosure - Note 8. Restaurant Operations Revenues" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpenses" xlink:title="00000015 - Disclosure - Note 9. Accounts Payable and Accrued Expenses" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowings" xlink:title="00000016 - Disclosure - Note 10. Notes Payable and Other Borrowings" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.Leases" xlink:title="00000017 - Disclosure - Note 11. Leases" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncome" xlink:title="00000018 - Disclosure - Note 12. Accumulated Other Comprehensive Income" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note13.IncomeTaxes" xlink:title="00000019 - Disclosure - Note 13. Income Taxes" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note14.CommitmentsAndContingencies" xlink:title="00000020 - Disclosure - Note 14. Commitments and Contingencies" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssets" xlink:title="00000021 - Disclosure - Note 15. Fair Value of Financial Assets" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note16.RelatedPartyTransactions" xlink:title="00000022 - Disclosure - Note 16. Related Party Transactions" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note17.BusinessSegmentReporting" xlink:title="00000023 - Disclosure - Note 17. Business Segment Reporting" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note1.SummaryOfSignificantAccountingPoliciesPolicies" xlink:title="00000024 - Disclosure - Note 1. Summary of Significant Accounting Policies (Policies)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note3.EarningsPerShareTables" xlink:title="00000025 - Disclosure - Note 3. Earnings Per Share (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsTables" xlink:title="00000026 - Disclosure - Note 5. Investment Partnerships (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note6.PropertyAndEquipmentTables" xlink:title="00000027 - Disclosure - Note 6. Property and Equipment (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsTables" xlink:title="00000028 - Disclosure - Note 7. Goodwill and Other Intangible Assets (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenuesTables" xlink:title="00000029 - Disclosure - Note 8. Restaurant Operations Revenues (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpensesTables" xlink:title="00000030 - Disclosure - Note 9. Accounts Payable And Accrued Expenses (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsTables" xlink:title="00000031 - Disclosure - Note 10. Notes Payable and Other Borrowings (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesTables" xlink:title="00000032 - Disclosure - Note 11. Leases (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncomeTables" xlink:title="00000033 - Disclosure - Note 12. Accumulated Other Comprehensive Income (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssetsTables" xlink:title="00000034 - Disclosure - Note 15. Fair Value of Financial Assets (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note17.BusinessSegmentReportingTables" xlink:title="00000035 - Disclosure - Note 17. Business Segment Reporting (Tables)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note3.EarningsPerShareDetails" xlink:title="00000036 - Disclosure - Note 3. Earnings Per Share (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note4.InvestmentsDetailsNarrative" xlink:title="00000037 - Disclosure - Note 4. Investments (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails" xlink:title="00000038 - Disclosure - Note 5. Investment Partnerships (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails1" xlink:title="00000039 - Disclosure - Note 5. Investment Partnerships (Details 1)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails2" xlink:title="00000040 - Disclosure - Note 5. Investment Partnerships (Details 2)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails3" xlink:title="00000041 - Disclosure - Note 5. Investment Partnerships (Details 3)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetails4" xlink:title="00000042 - Disclosure - Note 5. Investment Partnerships (Details 4)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetailsNarrative" xlink:title="00000043 - Disclosure - Note 5. Investment Partnerships (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note6.PropertyAndEquipmentDetails" xlink:title="00000044 - Disclosure - Note 6. Property and Equipment (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetails" xlink:title="00000045 - Disclosure - Note 7. Goodwill and Other Intangible Assets (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetails1" xlink:title="00000046 - Disclosure - Note 7. Goodwill and Other Intangible Assets (Details 1)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note7.GoodwillAndOtherIntangibleAssetsDetailsNarrative" xlink:title="00000047 - Disclosure - Note 7. Goodwill and Other Intangible Assets (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note8.RestaurantOperationsRevenuesDetails" xlink:title="00000048 - Disclosure - Note 8. Restaurant Operations Revenues (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note9.AccountsPayableAndAccruedExpensesDetails" xlink:title="00000049 - Disclosure - Note 9. Accounts Payable and Accrued Expenses (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsDetails" xlink:title="00000050 - Disclosure - Note 10. Notes Payable and Other Borrowings (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note10.NotesPayableAndOtherBorrowingsDetailsNarrative" xlink:title="00000051 - Disclosure - Note 10. Notes Payable and Other Borrowings (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails" xlink:title="00000052 - Disclosure - Note 11. Leases (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails1" xlink:title="00000053 - Disclosure - Note 11. Leases (Details 1)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails2" xlink:title="00000054 - Disclosure - Note 11. Leases (Details 2)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails3" xlink:title="00000055 - Disclosure - Note 11. Leases (Details 3)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails4" xlink:title="00000056 - Disclosure - Note 11. Leases (Details 4)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note11.LeasesDetails5" xlink:title="00000057 - Disclosure - Note 11. Leases (Details 5)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note12.AccumulatedOtherComprehensiveIncomeDetails" xlink:title="00000058 - Disclosure - Note 12. Accumulated Other Comprehensive Income (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note13.IncomeTaxesDetailsNarrative" xlink:title="00000059 - Disclosure - Note 13. Income Taxes (Details Narrative)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note15.FairValueOfFinancialAssetsDetails" xlink:title="00000060 - Disclosure - Note 15. Fair Value of Financial Assets (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note17.BusinessSegmentReportingDetails" xlink:title="00000061 - Disclosure - Note 17. Business Segment Reporting (Details)" />
    <link:calculationLink xlink:type="extended" xlink:role="http://biglariholdings.com/role/Note17.BusinessSegmentReportingDetails1" xlink:title="00000062 - Disclosure - Note 17. Business Segment Reporting (Details 1)" />
</link:linkbase>
