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Qatari (QE) Market Analysis & Valuation

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies53
  • 7D4.2%
  • 3M-3.9%
  • 1Y8.6%
  • YTD-2.2%

The market is up 1.3% over the last week, with the Industrials sector leading the way, up 4.6%. In the last year, the market has climbed 4.8%. Earnings are forecast to grow by 6.8% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026ر.ق629.2bر.ق204.2bر.ق51.4b11.8x12.2x3.1x
Sat, 07 Mar 2026ر.ق633.6bر.ق203.8bر.ق51.2b11.5x12.4x3.1x
Mon, 02 Feb 2026ر.ق675.0bر.ق201.9bر.ق50.6b12.8x13.4x3.3x
Wed, 31 Dec 2025ر.ق644.8bر.ق201.3bر.ق50.6b12.3x12.7x3.2x
Fri, 28 Nov 2025ر.ق634.0bر.ق201.3bر.ق50.6b12x12.5x3.1x
Sun, 26 Oct 2025ر.ق647.7bر.ق198.9bر.ق50.1b12.5x12.9x3.3x
Tue, 23 Sep 2025ر.ق671.3bر.ق199.1bر.ق50.3b12.6x13.3x3.4x
Thu, 21 Aug 2025ر.ق671.3bر.ق199.1bر.ق50.3b12.7x13.3x3.4x
Sat, 19 Jul 2025ر.ق645.3bر.ق195.9bر.ق49.6b13.4x13x3.3x
Mon, 16 Jun 2025ر.ق604.2bر.ق196.7bر.ق49.5b12.2x12.2x3.1x
Wed, 14 May 2025ر.ق616.2bر.ق196.4bر.ق48.9b12.8x12.6x3.1x
Fri, 11 Apr 2025ر.ق592.9bر.ق195.8bر.ق49.1b12.7x12.1x3x
Sun, 09 Mar 2025ر.ق616.1bر.ق195.8bر.ق49.0b12.9x12.6x3.1x
Tue, 04 Feb 2025ر.ق623.2bر.ق191.4bر.ق48.5b12.8x12.9x3.3x
Thu, 02 Jan 2025ر.ق621.3bر.ق191.7bر.ق48.0b12.9x12.9x3.2x
Sat, 30 Nov 2024ر.ق617.6bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Mon, 28 Oct 2024ر.ق622.4bر.ق190.0bر.ق47.5b13.2x13.1x3.3x
Wed, 25 Sep 2024ر.ق610.5bر.ق189.8bر.ق47.0b13.9x13x3.2x
Fri, 23 Aug 2024ر.ق585.8bر.ق190.9bر.ق46.9b12.9x12.5x3.1x
Sun, 21 Jul 2024ر.ق580.5bر.ق190.0bر.ق46.6b13.1x12.4x3.1x
Tue, 18 Jun 2024ر.ق561.4bر.ق188.6bر.ق46.3b12.9x12.1x3x
Thu, 16 May 2024ر.ق559.3bر.ق188.6bر.ق46.3b13.2x12.1x3x
Sat, 13 Apr 2024ر.ق576.2bر.ق186.6bر.ق45.9b13.7x12.6x3.1x
Mon, 11 Mar 2024ر.ق589.3bر.ق184.7bر.ق45.4b13.5x13x3.2x
Wed, 07 Feb 2024ر.ق577.9bر.ق187.5bر.ق46.1b13.7x12.5x3.1x
Fri, 05 Jan 2024ر.ق609.3bر.ق185.6bر.ق45.2b14.3x13.5x3.3x
Sun, 03 Dec 2023ر.ق588.0bر.ق185.6bر.ق45.2b14.1x13x3.2x
Tue, 31 Oct 2023ر.ق561.1bر.ق186.5bر.ق45.4b13.4x12.4x3x
Thu, 28 Sep 2023ر.ق604.7bر.ق183.6bر.ق45.2b14.2x13.4x3.3x
Sat, 26 Aug 2023ر.ق611.2bر.ق184.2bر.ق45.3b13.8x13.5x3.3x
Mon, 24 Jul 2023ر.ق620.9bر.ق186.5bر.ق47.0b14.8x13.2x3.3x
Wed, 21 Jun 2023ر.ق609.2bر.ق186.0bر.ق46.6b14.2x13.1x3.3x
Fri, 19 May 2023ر.ق628.8bر.ق185.3bر.ق47.0b14x13.4x3.4x
Sun, 16 Apr 2023ر.ق587.3bر.ق177.0bر.ق46.9b13.6x12.5x3.3x
Price to Earnings Ratio

12.5x


Total Market Cap: ر.ق587.3bTotal Earnings: ر.ق46.9bTotal Revenue: ر.ق177.0bTotal 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 grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Qatari Market?

QA Market4.21%
Materials9.42%
Healthcare7.87%
Industrials6.69%
Energy5.53%
Real Estate4.93%
Tech4.72%
Consumer Discretionary3.42%
Financials3.05%
Telecom3.01%
Consumer Staples2.67%
Utilities2.35%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 34.1x.
    • 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 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 8.7% over the next 5 years.
  • This is better than its past earnings growth rate of 1.0% 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.ق17.854.4%
+ر.ق6.8b
17.0%PB1.3xFinancials
IQCD Industries Qatar Q.P.S.Cر.ق11.907.7%
+ر.ق5.1b
-1.9%PE16.7xIndustrials
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق23.303.6%
+ر.ق1.9b
16.8%PB1.6xFinancials
QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC)ر.ق4.457.5%
+ر.ق1.7b
-3.0%PE14.6xEnergy
ERES Ezdan Holding Group Q.P.S.Cر.ق0.887.7%
+ر.ق1.7b
-5.5%PE205.4xReal Estate
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