Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Qatari (QE) Market Analysis & Valuation

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies53
  • 7D-1.4%
  • 3M-1.4%
  • 1Y-2.2%
  • YTD-4.3%

Over the last 7 days, the market has dropped 3.1%, driven by losses in every sector, especially the Financials sector. In the last 12 months the market has been flat overall. As for the next few years, earnings are expected to grow by 8.3% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026ر.ق615.7bر.ق205.0bر.ق50.8b11.6x12.1x3x
Fri, 08 May 2026ر.ق634.7bر.ق204.7bر.ق51.0b11.9x12.4x3.1x
Sun, 05 Apr 2026ر.ق602.4bر.ق204.2bر.ق51.4b11.5x11.7x2.9x
Tue, 03 Mar 2026ر.ق655.2bر.ق203.8bر.ق51.2b12.1x12.8x3.2x
Thu, 29 Jan 2026ر.ق677.3bر.ق201.5bر.ق50.6b12.8x13.4x3.4x
Sat, 27 Dec 2025ر.ق644.0bر.ق201.3bر.ق50.6b12.2x12.7x3.2x
Mon, 24 Nov 2025ر.ق633.8bر.ق201.3bر.ق50.6b12.1x12.5x3.1x
Wed, 22 Oct 2025ر.ق645.1bر.ق198.9bر.ق50.1b12.5x12.9x3.2x
Fri, 19 Sep 2025ر.ق673.6bر.ق199.1bر.ق50.3b12.8x13.4x3.4x
Sun, 17 Aug 2025ر.ق689.8bر.ق198.9bر.ق50.3b13.1x13.7x3.5x
Tue, 15 Jul 2025ر.ق634.4bر.ق196.9bر.ق49.7b13.1x12.8x3.2x
Thu, 12 Jun 2025ر.ق631.4bر.ق196.6bر.ق49.5b13x12.8x3.2x
Sat, 10 May 2025ر.ق611.1bر.ق196.3bر.ق48.9b12.5x12.5x3.1x
Mon, 07 Apr 2025ر.ق600.4bر.ق195.8bر.ق49.1b12.8x12.2x3.1x
Wed, 05 Mar 2025ر.ق613.8bر.ق195.8bر.ق49.0b13x12.5x3.1x
Fri, 31 Jan 2025ر.ق624.1bر.ق191.5bر.ق48.5b13.8x12.9x3.3x
Sun, 29 Dec 2024ر.ق615.6bر.ق191.7bر.ق48.0b13.1x12.8x3.2x
Tue, 26 Nov 2024ر.ق617.2bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Thu, 24 Oct 2024ر.ق612.1bر.ق189.7bر.ق47.3b13.2x12.9x3.2x
Sat, 21 Sep 2024ر.ق609.1bر.ق189.8bر.ق47.0b13.7x13x3.2x
Mon, 19 Aug 2024ر.ق587.1bر.ق190.7bر.ق46.9b12.8x12.5x3.1x
Wed, 17 Jul 2024ر.ق590.5bر.ق189.6bر.ق46.6b13.4x12.7x3.1x
Fri, 14 Jun 2024ر.ق560.5bر.ق188.6bر.ق46.3b12.9x12.1x3x
Sun, 12 May 2024ر.ق552.6bر.ق188.6bر.ق45.8b13.3x12.1x2.9x
Tue, 09 Apr 2024ر.ق576.2bر.ق184.7bر.ق45.6b13.7x12.6x3.1x
Thu, 07 Mar 2024ر.ق591.6bر.ق184.1bر.ق46.9b13.5x12.6x3.2x
Sat, 03 Feb 2024ر.ق586.0bر.ق187.1bر.ق46.1b13.9x12.7x3.1x
Mon, 01 Jan 2024ر.ق612.5bر.ق185.6bر.ق45.2b14.6x13.5x3.3x
Wed, 29 Nov 2023ر.ق586.0bر.ق185.6bر.ق45.2b13.9x13x3.2x
Fri, 27 Oct 2023ر.ق551.4bر.ق185.4bر.ق45.2b13.2x12.2x3x
Sun, 24 Sep 2023ر.ق605.7bر.ق183.6bر.ق45.2b14x13.4x3.3x
Tue, 22 Aug 2023ر.ق621.3bر.ق184.4bر.ق45.3b14.2x13.7x3.4x
Thu, 20 Jul 2023ر.ق614.2bر.ق187.0bر.ق47.0b14.6x13.1x3.3x
Sat, 17 Jun 2023ر.ق612.2bر.ق186.0bر.ق46.6b14.3x13.1x3.3x
Price to Earnings Ratio

13.1x


Total Market Cap: ر.ق612.2bTotal Earnings: ر.ق46.6bTotal Revenue: ر.ق186.0bTotal 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 2.9% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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-1.43%
Utilities1.55%
Tech0.33%
Consumer Discretionary-0.17%
Consumer Staples-0.56%
Telecom-0.71%
Financials-0.92%
Real Estate-1.26%
Energy-1.98%
Healthcare-2.00%
Materials-2.45%
Industrials-3.27%
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 Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.4x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 1.9% 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
DHBK Doha Bank Q.P.S.Cر.ق2.8310.7%
+ر.ق846.4m		13.0%PB0.6xFinancials
ABQK Ahli Bank Q.P.S.Cر.ق4.003.1%
+ر.ق308.7m		9.6%PB1.4xFinancials
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.171.7%
+ر.ق287.4m		-8.3%PB0.6xFinancials
QEWS Nebras Energy Q.P.S.Cر.ق14.371.6%
+ر.ق242.0m		-10.8%PE11.5xUtilities
QFBQ Lesha Bankر.ق2.166.9%
+ر.ق155.7m		15.3%PB1.7xFinancials
See more

Market Insights

Header cover image
The most anticipated IPO in history lands next week at an expected $1.75 trillion price tag. Part launch business, part Starlink, and increasingly an AI bet — could the SpaceX IPO be carrying a valuation that has no room for error?
Continue reading
Land of the rising yields 📈

Latest News

QIBK
ر.ق21.30
Qatar Islamic Bank (Q.P.S.C.)
7D
-1.8%
1Y
-4.7%
Narrative Update • Jun 08

QIBK: Stable Assumptions And Cash Dividends Will Support A Positive Outlook

Analysts have trimmed their QAR fair value estimate for Qatar Islamic Bank (Q.P.S.C.) slightly from QAR 25.02 to about QAR 24.73, reflecting updated assumptions on discount rate and forward P/E, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News No recent company specific news items were available from the provided sources for Qatar Islamic Bank (Q.P.S.C.) as of 8 Jun 2026.
ERES
ر.ق0.86
Ezdan Holding Group Q.P.S.C
7D
-1.0%
1Y
-18.1%
QIIK
ر.ق11.20
Qatar International Islamic Bank (Q.P.S.C)
7D
0.7%
1Y
4.3%
Narrative Update • Jun 05

QIIK: Elevated 2025 Dividend And Stable Assumptions Will Maintain Balanced Outlook

Analysts have adjusted their price target for Qatar International Islamic Bank (Q.P.S.C) to QAR 11.73, with the change underpinned by updated assumptions that keep fair value steady while reflecting slightly different views on discount rate, profit margin and future P/E. What's in the News Qatar International Islamic Bank held its annual general meeting on March 26, 2025, where shareholders reviewed and approved board proposals for 2025 dividend distributions.
VFQS
ر.ق2.78
Vodafone Qatar P.Q.S.C
7D
-2.6%
1Y
12.1%
Narrative Update • Jun 05

VFQS: Index Removal And Governance Will Shape Future Fair Value Outlook

Analysts have lifted their fair value estimate for Vodafone Qatar P.Q.S.C. from QAR 2.89 to QAR 3.03, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Vodafone Qatar P.Q.S.C has been removed from the QE Index, according to recent index constituent changes.
MPHC
ر.ق1.17
Mesaieed Petrochemical Holding Company Q.P.S.C
7D
-2.8%
1Y
-12.6%
IQCD
ر.ق11.57
Industries Qatar Q.P.S.C
7D
-4.7%
1Y
-5.0%
QEWS
ر.ق14.37
Nebras Energy Q.P.S.C
7D
1.6%
1Y
-10.8%
New Narrative • Jun 03

Long Dated Power Projects And Renewables Portfolio Will Support Stronger Future Earnings Visibility

Catalysts About Nebras Energy Q.P.S.C Nebras Energy Q.P.S.C develops, owns and operates power and water assets across Qatar and international markets, including both thermal and renewable generation. What are the underlying business or industry changes driving this perspective?
CBQK
ر.ق4.17
Commercial Bank (P.S.Q.C.)
7D
1.7%
1Y
-8.3%
Narrative Update • May 30

CBQK: Stronger Earnings Outlook Will Support Future Multiple Expansion

Analysts have nudged their QAR price target for Commercial Bank (P.S.Q.C.) slightly higher, reflecting updated assumptions for revenue growth, profit margins and future P/E that together indicate a modestly stronger earnings outlook than in the prior model. Valuation Changes Fair Value: QAR 6.0 per share is unchanged in the updated model, indicating a stable central estimate of intrinsic value.
QNBK
ر.ق17.11
Qatar National Bank (Q.P.S.C.)
7D
-2.2%
1Y
-1.0%
Narrative Update • May 29

QNBK: Custody Alliance And Share Buybacks Will Support Future Upside Potential

Analysts have kept their QAR 21.71 price target for Qatar National Bank (Q.P.S.C.) broadly unchanged, indicating relatively stable fair value estimates and only slight adjustments to the discount rate and future P/E assumptions. Valuation Changes Fair Value: QAR 21.71 remains unchanged, indicating a stable central estimate for Qatar National Bank (Q.P.S.C.).
QGTS
ر.ق4.15
Qatar Gas Transport Company Limited (Nakilat) (QPSC)
7D
-2.4%
1Y
-16.4%
New Narrative • May 22

Global LNG Capacity Expansion Will Support Long Term Demand For This Carrier Fleet

Catalysts About Qatar Gas Transport Company Limited (Nakilat) (QPSC) Nakilat owns and operates liquefied natural gas carriers and related marine assets that support LNG transportation and associated services. What are the underlying business or industry changes driving this perspective?
DUBK
ر.ق3.39
Dukhan Bank Q.P.S.C
7D
0.3%
1Y
-9.0%
IGRD
ر.ق4.32
Estithmar Holding Q.P.S.C
7D
0.3%
1Y
56.9%
DHBK
ر.ق2.83
Doha Bank Q.P.S.C
7D
10.7%
1Y
13.0%
Narrative Update • May 02

DHBK: Future Returns Will Reflect India Exit, Dividend Proposal And Earnings Resilience

Analysts have reduced their QAR fair value estimate for Doha Bank Q.P.S.C. from QAR3.03 to QAR2.95. This change reflects slightly softer assumptions for revenue growth and profit margins, along with a higher future P/E multiple in their models.
QFBQ
ر.ق2.16
Lesha Bank
7D
6.9%
1Y
15.3%
ABQK
ر.ق4.00
Ahli Bank Q.P.S.C
7D
3.1%
1Y
9.6%
BRES
ر.ق2.39
Barwa Real Estate Company Q.P.S.C
7D
-2.4%
1Y
-13.7%