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Qatari (QE) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies53
  • 7D0.9%
  • 3M4.0%
  • 1Y9.1%
  • YTD5.7%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector declined by 3.6%. Meanwhile, the market is actually up 9.1% over the past year. Looking forward, earnings are forecast to grow by 7.6% annually.

Market Valuation and Performance

Has the Qatari Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026ر.ق680.1bر.ق202.0bر.ق50.6b12.9x13.4x3.4x
Fri, 02 Jan 2026ر.ق641.3bر.ق201.4bر.ق50.7b12.3x12.7x3.2x
Sun, 30 Nov 2025ر.ق634.0bر.ق201.3bر.ق50.6b12x12.5x3.1x
Tue, 28 Oct 2025ر.ق648.6bر.ق198.8bر.ق50.1b12.5x12.9x3.3x
Thu, 25 Sep 2025ر.ق661.4bر.ق199.1bر.ق50.3b12.6x13.1x3.3x
Sat, 23 Aug 2025ر.ق672.8bر.ق199.1bر.ق50.3b12.8x13.4x3.4x
Mon, 21 Jul 2025ر.ق645.3bر.ق195.9bر.ق49.6b13.4x13x3.3x
Wed, 18 Jun 2025ر.ق613.2bر.ق196.7bر.ق49.5b12.3x12.4x3.1x
Fri, 16 May 2025ر.ق624.4bر.ق196.4bر.ق49.5b12.9x12.6x3.2x
Sun, 13 Apr 2025ر.ق592.9bر.ق196.1bر.ق49.2b12.7x12.1x3x
Tue, 11 Mar 2025ر.ق617.0bر.ق195.8bر.ق49.0b12.8x12.6x3.2x
Thu, 06 Feb 2025ر.ق624.8bر.ق191.9bر.ق48.0b13.7x13x3.3x
Sat, 04 Jan 2025ر.ق621.3bر.ق191.7bر.ق48.0b12.9x12.9x3.2x
Mon, 02 Dec 2024ر.ق615.9bر.ق191.7bر.ق48.0b13.2x12.8x3.2x
Wed, 30 Oct 2024ر.ق628.6bر.ق190.0bر.ق47.7b13.3x13.2x3.3x
Fri, 27 Sep 2024ر.ق618.6bر.ق189.8bر.ق47.0b13.9x13.2x3.3x
Sun, 25 Aug 2024ر.ق585.8bر.ق190.9bر.ق46.9b12.9x12.5x3.1x
Tue, 23 Jul 2024ر.ق585.6bر.ق190.1bر.ق46.7b13.1x12.6x3.1x
Thu, 20 Jun 2024ر.ق562.7bر.ق188.6bر.ق46.3b13x12.2x3x
Sat, 18 May 2024ر.ق563.1bر.ق188.6bر.ق46.3b13.3x12.2x3x
Mon, 15 Apr 2024ر.ق571.1bر.ق186.6bر.ق45.9b13.7x12.5x3.1x
Wed, 13 Mar 2024ر.ق587.3bر.ق184.7bر.ق45.4b13.5x12.9x3.2x
Fri, 09 Feb 2024ر.ق577.2bر.ق187.6bر.ق46.1b13.7x12.5x3.1x
Sun, 07 Jan 2024ر.ق609.3bر.ق185.6bر.ق45.2b14.3x13.5x3.3x
Tue, 05 Dec 2023ر.ق583.5bر.ق185.6bر.ق45.2b14.1x12.9x3.1x
Thu, 02 Nov 2023ر.ق565.6bر.ق186.6bر.ق45.7b13.5x12.4x3x
Sat, 30 Sep 2023ر.ق604.4bر.ق183.6bر.ق45.2b14.2x13.4x3.3x
Mon, 28 Aug 2023ر.ق612.5bر.ق184.6bر.ق45.5b13.8x13.5x3.3x
Wed, 26 Jul 2023ر.ق621.4bر.ق186.5bر.ق47.0b14.9x13.2x3.3x
Fri, 23 Jun 2023ر.ق607.3bر.ق186.0bر.ق46.6b13.7x13x3.3x
Sun, 21 May 2023ر.ق628.9bر.ق185.3bر.ق47.0b14x13.4x3.4x
Tue, 18 Apr 2023ر.ق578.2bر.ق177.5bر.ق47.2b13x12.2x3.3x
Thu, 16 Mar 2023ر.ق583.9bر.ق175.0bر.ق46.8b13.5x12.5x3.3x
Sat, 11 Feb 2023ر.ق588.3bر.ق187.9bر.ق49.0b14.2x12x3.1x
Price to Earnings Ratio

12x


Total Market Cap: ر.ق588.3bTotal Earnings: ر.ق49.0bTotal Revenue: ر.ق187.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 12.8x202420252026
Current Market PE
  • Investors are relatively neutral on the Qatari market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 12.8x.
Past Earnings Growth
  • The earnings for Qatari listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Qatari Market?

QA Market0.89%
Financials1.57%
Tech1.42%
Utilities1.17%
Energy1.04%
Industrials0.93%
Telecom0.90%
Consumer Staples-0.90%
Consumer Discretionary-1.36%
Real Estate-1.89%
Materials-3.24%
Healthcare-3.59%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 34.2x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 15.5x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Materials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
QNBK Qatar National Bank (Q.P.S.C.)ر.ق20.391.7%
+ر.ق3.1b
21.7%PB1.5xFinancials
QATI Qatar Insurance Company Q.S.P.Cر.ق2.378.6%
+ر.ق617.3m
12.3%PE12.6xFinancials
MARK AlRayan Bank Q.P.S.Cر.ق2.352.3%
+ر.ق483.6m
-1.3%PB0.8xFinancials
QNNS Qatar Navigation Q.P.S.Cر.ق11.402.3%
+ر.ق295.4m
5.6%PE10.3xIndustrials
DHBK Doha Bank Q.P.S.Cر.ق2.842.1%
+ر.ق182.9m
36.8%PB0.6xFinancials
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