Estithmar Holding Q.P.S.C.'s (DSM:IGRD) Popularity With Investors Is Under Threat From Overpricing
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Qatari (QE) Market Analysis & Valuation
UpdatedJul 15, 2025
DataAggregated Company Financials
Companies53
- 7D-0.3%
- 3M6.0%
- 1Y7.7%
- YTD3.2%
The market has stayed flat over the 7 days. As for the longer term, the market has risen 8.4% in the past 12 months. Earnings are forecast to grow by 7.3% annually.
Market Valuation and Performance
Has the Qatari Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Jul 2025 | ر.ق634.4b | ر.ق196.9b | ر.ق49.7b | 13.1x | 12.8x | 3.2x |
| Thu, 12 Jun 2025 | ر.ق631.4b | ر.ق196.6b | ر.ق49.5b | 13x | 12.8x | 3.2x |
| Sat, 10 May 2025 | ر.ق611.1b | ر.ق196.3b | ر.ق48.9b | 12.5x | 12.5x | 3.1x |
| Mon, 07 Apr 2025 | ر.ق600.4b | ر.ق195.8b | ر.ق49.1b | 12.8x | 12.2x | 3.1x |
| Wed, 05 Mar 2025 | ر.ق613.8b | ر.ق195.8b | ر.ق49.0b | 13x | 12.5x | 3.1x |
| Fri, 31 Jan 2025 | ر.ق624.1b | ر.ق191.5b | ر.ق48.5b | 13.8x | 12.9x | 3.3x |
| Sun, 29 Dec 2024 | ر.ق615.6b | ر.ق191.7b | ر.ق48.0b | 13.1x | 12.8x | 3.2x |
| Tue, 26 Nov 2024 | ر.ق617.2b | ر.ق191.7b | ر.ق48.0b | 13.2x | 12.9x | 3.2x |
| Thu, 24 Oct 2024 | ر.ق612.1b | ر.ق189.7b | ر.ق47.3b | 13.2x | 12.9x | 3.2x |
| Sat, 21 Sep 2024 | ر.ق609.1b | ر.ق189.8b | ر.ق47.0b | 13.7x | 13x | 3.2x |
| Mon, 19 Aug 2024 | ر.ق587.1b | ر.ق190.7b | ر.ق46.9b | 12.8x | 12.5x | 3.1x |
| Wed, 17 Jul 2024 | ر.ق590.5b | ر.ق189.6b | ر.ق46.6b | 13.4x | 12.7x | 3.1x |
| Fri, 14 Jun 2024 | ر.ق560.5b | ر.ق188.6b | ر.ق46.3b | 12.9x | 12.1x | 3x |
| Sun, 12 May 2024 | ر.ق552.6b | ر.ق188.6b | ر.ق45.8b | 13.3x | 12.1x | 2.9x |
| Tue, 09 Apr 2024 | ر.ق576.2b | ر.ق184.7b | ر.ق45.6b | 13.7x | 12.6x | 3.1x |
| Thu, 07 Mar 2024 | ر.ق591.6b | ر.ق184.1b | ر.ق46.9b | 13.5x | 12.6x | 3.2x |
| Sat, 03 Feb 2024 | ر.ق586.0b | ر.ق187.1b | ر.ق46.1b | 13.9x | 12.7x | 3.1x |
| Mon, 01 Jan 2024 | ر.ق612.5b | ر.ق185.6b | ر.ق45.2b | 14.6x | 13.5x | 3.3x |
| Wed, 29 Nov 2023 | ر.ق586.0b | ر.ق185.6b | ر.ق45.2b | 13.9x | 13x | 3.2x |
| Fri, 27 Oct 2023 | ر.ق551.4b | ر.ق185.4b | ر.ق45.2b | 13.2x | 12.2x | 3x |
| Sun, 24 Sep 2023 | ر.ق605.7b | ر.ق183.6b | ر.ق45.2b | 14x | 13.4x | 3.3x |
| Tue, 22 Aug 2023 | ر.ق621.3b | ر.ق184.4b | ر.ق45.3b | 14.2x | 13.7x | 3.4x |
| Thu, 20 Jul 2023 | ر.ق614.2b | ر.ق187.0b | ر.ق47.0b | 14.6x | 13.1x | 3.3x |
| Sat, 17 Jun 2023 | ر.ق612.2b | ر.ق186.0b | ر.ق46.6b | 14.3x | 13.1x | 3.3x |
| Mon, 15 May 2023 | ر.ق627.8b | ر.ق185.4b | ر.ق47.0b | 14.1x | 13.4x | 3.4x |
| Wed, 12 Apr 2023 | ر.ق597.9b | ر.ق176.2b | ر.ق47.1b | 13.9x | 12.7x | 3.4x |
| Fri, 10 Mar 2023 | ر.ق618.5b | ر.ق184.7b | ر.ق47.2b | 14x | 13.1x | 3.3x |
| Sun, 05 Feb 2023 | ر.ق607.1b | ر.ق187.9b | ر.ق49.0b | 14.4x | 12.4x | 3.2x |
| Tue, 03 Jan 2023 | ر.ق617.0b | ر.ق183.0b | ر.ق48.0b | 14.5x | 12.9x | 3.4x |
| Thu, 01 Dec 2022 | ر.ق670.3b | ر.ق183.0b | ر.ق48.2b | 15.6x | 13.9x | 3.7x |
| Sat, 29 Oct 2022 | ر.ق686.9b | ر.ق182.9b | ر.ق48.2b | 15.5x | 14.3x | 3.8x |
| Mon, 26 Sep 2022 | ر.ق688.3b | ر.ق177.7b | ر.ق48.0b | 15.9x | 14.3x | 3.9x |
| Wed, 24 Aug 2022 | ر.ق759.1b | ر.ق177.7b | ر.ق48.0b | 17.7x | 15.8x | 4.3x |
| Fri, 22 Jul 2022 | ر.ق705.6b | ر.ق172.5b | ر.ق44.8b | 17x | 15.8x | 4.1x |
Price to Earnings Ratio
15.8x
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 13.1x.
Past Earnings Growth
- The earnings for Qatari listed companies have grown 3.5% per year over the last three years.
- Revenues for these companies have grown 4.5% 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 Market | -0.27% | |
| Real Estate | 1.05% | |
| Industrials | 0.84% | |
| Utilities | 0.37% | |
| Materials | 0.25% | |
| Healthcare | -0.057% | |
| Financials | -0.58% | |
| Tech | -0.62% | |
| Consumer Staples | -0.81% | |
| Energy | -1.10% | |
| Telecom | -1.52% | |
| Consumer Discretionary | -1.65% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 33.7x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.9x.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 9.2% over the next 5 years.
- This is better than its past earnings growth rate of 6.6% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 3.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ERES Ezdan Holding Group Q.P.S.C | ر.ق1.05 | 2.0% +ر.ق557.0m | 29.5% | PE171x | Real Estate | |
| IQCD Industries Qatar Q.P.S.C | ر.ق12.60 | 0.7% +ر.ق544.5m | -4.5% | PE18.1x | Industrials | |
| IGRD Estithmar Holding Q.P.S.C | ر.ق3.40 | 3.9% +ر.ق483.0m | 92.9% | PE27.2x | Industrials | |
| QIBK Qatar Islamic Bank (Q.P.S.C.) | ر.ق22.45 | 0.2% +ر.ق118.1m | 14.4% | PB1.7x | Financials | |
| QAMC Qatar Aluminium Manufacturing Company Q.P.S.C | ر.ق1.36 | 1.3% +ر.ق100.4m | 1.3% | PE11.1x | Materials |
