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Qatari (QE) Market Analysis & Valuation

UpdatedApr 14, 2025
DataAggregated Company Financials
Companies53
  • 7D3.4%
  • 3M-1.0%
  • 1Y4.1%
  • YTD-3.6%

The market has climbed by 3.4% over the past week, with every sector up and the Financials sector leading the way. In the last year, the market has climbed 4.1%. Earnings are forecast to grow by 7.3% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Apr 2025ر.ق594.5bر.ق196.1bر.ق49.2b12.9x12.1x3x
Thu, 13 Mar 2025ر.ق609.1bر.ق195.8bر.ق49.0b12.7x12.4x3.1x
Sat, 08 Feb 2025ر.ق621.6bر.ق195.8bر.ق47.7b13.5x13x3.2x
Mon, 06 Jan 2025ر.ق617.0bر.ق191.7bر.ق48.0b13x12.9x3.2x
Wed, 04 Dec 2024ر.ق614.9bر.ق191.7bر.ق48.0b13.2x12.8x3.2x
Fri, 01 Nov 2024ر.ق623.9bر.ق191.7bر.ق47.9b13.4x13x3.3x
Sun, 29 Sep 2024ر.ق618.7bر.ق189.8bر.ق47.0b13.9x13.2x3.3x
Tue, 27 Aug 2024ر.ق592.8bر.ق190.9bر.ق46.9b13.1x12.6x3.1x
Thu, 25 Jul 2024ر.ق586.3bر.ق190.2bر.ق46.7b13.2x12.6x3.1x
Sat, 22 Jun 2024ر.ق563.0bر.ق188.6bر.ق46.3b13.1x12.2x3x
Mon, 20 May 2024ر.ق561.8bر.ق188.7bر.ق46.3b13.2x12.1x3x
Wed, 17 Apr 2024ر.ق574.4bر.ق186.6bر.ق45.9b13.9x12.5x3.1x
Fri, 15 Mar 2024ر.ق590.4bر.ق184.7bر.ق45.4b13.8x13x3.2x
Sun, 11 Feb 2024ر.ق577.2bر.ق186.2bر.ق45.7b13.7x12.6x3.1x
Tue, 09 Jan 2024ر.ق613.6bر.ق185.6bر.ق45.2b14.5x13.6x3.3x
Thu, 07 Dec 2023ر.ق577.9bر.ق185.6bر.ق45.2b14x12.8x3.1x
Sat, 04 Nov 2023ر.ق572.3bر.ق187.3bر.ق45.7b14.1x12.5x3.1x
Mon, 02 Oct 2023ر.ق601.6bر.ق183.6bر.ق45.2b14.4x13.3x3.3x
Wed, 30 Aug 2023ر.ق612.8bر.ق184.6bر.ق45.5b13.7x13.5x3.3x
Fri, 28 Jul 2023ر.ق640.0bر.ق186.6bر.ق47.0b14.9x13.6x3.4x
Sun, 25 Jun 2023ر.ق598.2bر.ق186.0bر.ق46.6b13.7x12.8x3.2x
Tue, 23 May 2023ر.ق630.5bر.ق185.3bر.ق47.0b14.4x13.4x3.4x
Thu, 20 Apr 2023ر.ق578.6bر.ق182.8bر.ق46.9b13.8x12.3x3.2x
Sat, 18 Mar 2023ر.ق571.4bر.ق174.9bر.ق46.9b12.9x12.2x3.3x
Mon, 13 Feb 2023ر.ق587.5bر.ق188.4bر.ق48.0b14.1x12.2x3.1x
Wed, 11 Jan 2023ر.ق648.6bر.ق183.0bر.ق48.0b15x13.5x3.5x
Fri, 09 Dec 2022ر.ق643.8bر.ق183.0bر.ق48.2b14.9x13.3x3.5x
Sun, 06 Nov 2022ر.ق688.0bر.ق183.1bر.ق48.2b15.8x14.3x3.8x
Tue, 04 Oct 2022ر.ق701.4bر.ق177.7bر.ق48.0b16x14.6x3.9x
Thu, 01 Sep 2022ر.ق748.9bر.ق177.7bر.ق48.0b17.1x15.6x4.2x
Sat, 30 Jul 2022ر.ق722.5bر.ق174.8bر.ق44.4b17.6x16.3x4.1x
Mon, 27 Jun 2022ر.ق660.0bر.ق172.1bر.ق44.7b17.5x14.8x3.8x
Wed, 25 May 2022ر.ق720.6bر.ق172.1bر.ق44.7b17.1x16.1x4.2x
Fri, 22 Apr 2022ر.ق782.1bر.ق167.5bر.ق42.3b18.7x18.5x4.7x
Price to Earnings Ratio

18.5x


Total Market Cap: ر.ق782.1bTotal Earnings: ر.ق42.3bTotal Revenue: ر.ق167.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 13.4x202320242025
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 13.4x.
Past Earnings Growth
  • The earnings for Qatari listed companies have grown 5.2% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 Market3.39%
Real Estate5.58%
Industrials5.21%
Consumer Discretionary4.80%
Telecom4.32%
Tech3.72%
Materials3.54%
Healthcare3.33%
Consumer Staples2.65%
Financials2.58%
Utilities2.34%
Energy2.04%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 34.0x.
    • 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 below its 3-year average of 12.4x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 8.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 3.6% per year 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.ق15.905.2%
+ر.ق7.3b
12.1%PB1.3xFinancials
IQCD Industries Qatar Q.P.S.Cر.ق12.434.5%
+ر.ق3.2b
-0.6%PE16.7xIndustrials
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق20.535.2%
+ر.ق2.4b
10.7%PB1.6xFinancials
ORDS Ooredoo Q.P.S.Cر.ق12.025.4%
+ر.ق2.0b
17.8%PE11.2xTelecom
ERES Ezdan Holding Group Q.P.S.Cر.ق0.977.7%
+ر.ق1.9b
18.2%PE246.3xReal Estate
See more
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QNBK

ر.ق15.90

Qatar National Bank (Q.P.S.C.)

7D

5.2%

1Y

12.1%

AHCS

ر.ق0.85

Aamal Company Q.P.S.C

7D

-1.4%

1Y

9.4%

QIIK

ر.ق10.32

Qatar International Islamic Bank (Q.P.S.C)

7D

7.7%

1Y

-0.8%

IGRD

ر.ق2.53

Estithmar Holding Q.P.S.C

7D

10.1%

1Y

41.3%

BEMA

ر.ق3.85

Damaan Islamic Insurance Company Beema (Q.P.S.C.)

7D

-0.5%

1Y

4.2%

ERES

ر.ق0.97

Ezdan Holding Group Q.P.S.C

7D

7.7%

1Y

18.2%

QIBK

ر.ق20.53

Qatar Islamic Bank (Q.P.S.C.)

7D

5.2%

1Y

10.7%

ORDS

ر.ق12.02

Ooredoo Q.P.S.C

7D

5.4%

1Y

17.8%