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Qatari (QE) Market Analysis & Valuation

UpdatedSep 09, 2025
DataAggregated Company Financials
Companies52
  • 7D-0.4%
  • 3M5.2%
  • 1Y12.4%
  • YTD7.7%

In the last week, the market has been flat. Meanwhile, the market is actually up 12% over the past year. Earnings are forecast to grow by 7.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Sep 2025ر.ق661.6bر.ق199.1bر.ق50.3b12.6x13.2x3.3x
Fri, 08 Aug 2025ر.ق673.7bر.ق197.7bر.ق50.4b13.8x13.4x3.4x
Sun, 06 Jul 2025ر.ق635.4bر.ق196.6bر.ق49.6b13.2x12.8x3.2x
Tue, 03 Jun 2025ر.ق620.3bر.ق196.4bر.ق49.5b12.7x12.5x3.2x
Thu, 01 May 2025ر.ق609.5bر.ق196.3bر.ق49.0b12.1x12.4x3.1x
Sat, 29 Mar 2025ر.ق600.4bر.ق195.8bر.ق49.1b12.8x12.2x3.1x
Mon, 24 Feb 2025ر.ق623.2bر.ق195.8bر.ق49.1b13.9x12.7x3.2x
Wed, 22 Jan 2025ر.ق616.2bر.ق192.2bر.ق48.5b13.3x12.7x3.2x
Fri, 20 Dec 2024ر.ق619.4bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Sun, 17 Nov 2024ر.ق619.9bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Tue, 15 Oct 2024ر.ق617.4bر.ق189.3bر.ق47.3b13.5x13.1x3.3x
Thu, 12 Sep 2024ر.ق593.1bر.ق190.9bر.ق46.9b13.4x12.6x3.1x
Sat, 10 Aug 2024ر.ق573.4bر.ق190.6bر.ق46.5b12.9x12.3x3x
Mon, 08 Jul 2024ر.ق584.4bر.ق188.6bر.ق46.3b13.2x12.6x3.1x
Wed, 05 Jun 2024ر.ق548.7bر.ق188.6bر.ق46.3b13x11.9x2.9x
Fri, 03 May 2024ر.ق552.4bر.ق188.5bر.ق45.8b13.2x12.1x2.9x
Sun, 31 Mar 2024ر.ق574.4bر.ق184.7bر.ق45.6b13.7x12.6x3.1x
Tue, 27 Feb 2024ر.ق601.0bر.ق184.2bر.ق46.3b14x13x3.3x
Thu, 25 Jan 2024ر.ق602.8bر.ق186.1bر.ق45.6b14.3x13.2x3.2x
Sat, 23 Dec 2023ر.ق597.4bر.ق185.6bر.ق45.2b13.9x13.2x3.2x
Mon, 20 Nov 2023ر.ق599.3bر.ق185.6bر.ق45.2b14.3x13.3x3.2x
Wed, 18 Oct 2023ر.ق597.0bر.ق185.6bر.ق45.5b13.8x13.1x3.2x
Fri, 15 Sep 2023ر.ق606.4bر.ق185.0bر.ق45.5b14.3x13.3x3.3x
Sun, 13 Aug 2023ر.ق630.9bر.ق184.2bر.ق45.3b14.7x13.9x3.4x
Tue, 11 Jul 2023ر.ق600.8bر.ق185.9bر.ق46.6b13.9x12.9x3.2x
Thu, 08 Jun 2023ر.ق609.2bر.ق185.8bر.ق46.9b14.7x13x3.3x
Sat, 06 May 2023ر.ق622.9bر.ق187.4bر.ق48.5b13.8x12.8x3.3x
Mon, 03 Apr 2023ر.ق585.9bر.ق175.0bر.ق46.8b13.5x12.5x3.3x
Wed, 01 Mar 2023ر.ق610.8bر.ق185.6bر.ق47.5b13.9x12.9x3.3x
Fri, 27 Jan 2023ر.ق630.7bر.ق186.9bر.ق49.3b14.9x12.8x3.4x
Sun, 25 Dec 2022ر.ق623.7bر.ق183.0bر.ق48.0b14.5x13x3.4x
Tue, 22 Nov 2022ر.ق661.4bر.ق183.0bر.ق48.2b15.5x13.7x3.6x
Thu, 20 Oct 2022ر.ق706.0bر.ق183.0bر.ق48.6b15.5x14.5x3.9x
Sat, 17 Sep 2022ر.ق735.1bر.ق177.7bر.ق48.0b17.6x15.3x4.1x
Price to Earnings Ratio

15.3x


Total Market Cap: ر.ق735.1bTotal Earnings: ر.ق48.0bTotal Revenue: ر.ق177.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 12.9x202320242025
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 12.9x.
Past Earnings Growth
  • The earnings for Qatari listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 3.9% 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 Market-0.42%
Telecom0.38%
Energy0.20%
Utilities0%0
Tech-0.18%
Real Estate-0.22%
Financials-0.34%
Healthcare-0.45%
Materials-0.60%
Industrials-1.24%
Consumer Staples-1.92%
Consumer Discretionary-2.41%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 33.8x.
    • 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 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 8.7% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 3.4% 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
ORDS Ooredoo Q.P.S.Cر.ق13.171.6%
+ر.ق672.7m		19.2%PE12xTelecom
QFLS Qatar Fuel Company Q.P.S.C. (WOQOD)ر.ق15.131.2%
+ر.ق179.0m		3.6%PE14.6xEnergy
MCCS Mannai Corporation Q.P.S.Cر.ق5.735.9%
+ر.ق146.4m		49.5%PE14.3xIndustrials
QNNS Qatar Navigation Q.P.S.Cر.ق11.350.9%
+ر.ق113.6m		-2.4%PE11.1xIndustrials
QGRI Qatar General Insurance & Reinsurance Company Q.P.S.Cر.ق1.327.2%
+ر.ق77.9m		14.1%PE20.5xFinancials
See more

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ر.ق12.67
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7D
-0.2%
1Y
-2.0%
QGTS
ر.ق4.80
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7D
0.3%
1Y
7.5%

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Qatar Islamic Bank (Q.P.S.C.)
7D
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1Y
19.6%

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QFLS
ر.ق15.13
Qatar Fuel Company Q.P.S.C. (WOQOD)
7D
1.2%
1Y
3.6%

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ORDS
ر.ق13.17
Ooredoo Q.P.S.C
7D
1.6%
1Y
19.2%
IGRD
ر.ق3.99
Estithmar Holding Q.P.S.C
7D
-2.1%
1Y
135.8%

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CBQK
ر.ق4.69
Commercial Bank (P.S.Q.C.)
7D
-1.1%
1Y
10.1%
ERES
ر.ق1.22
Ezdan Holding Group Q.P.S.C
7D
-1.0%
1Y
63.1%
QLMI
ر.ق2.38
QLM Life & Medical Insurance Company Q.P.S.C
7D
7.3%
1Y
6.3%
QNNS
ر.ق11.35
Qatar Navigation Q.P.S.C
7D
0.9%
1Y
-2.4%

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QGRI
ر.ق1.32
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
7.2%
1Y
14.1%
QIIK
ر.ق11.04
Qatar International Islamic Bank (Q.P.S.C)
7D
-1.7%
1Y
-0.09%

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ABQK
ر.ق3.65
Ahli Bank Q.P.S.C
7D
0.4%
1Y
-2.0%
MCCS
ر.ق5.73
Mannai Corporation Q.P.S.C
7D
5.9%
1Y
49.5%
QNBK
ر.ق18.65
Qatar National Bank (Q.P.S.C.)
7D
-1.8%
1Y
18.3%
DUBK
ر.ق3.62
Dukhan Bank Q.P.S.C
7D
-0.7%
1Y
-4.2%