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Qatari (QE) Market Analysis & Valuation

UpdatedJul 26, 2025
DataAggregated Company Financials
Companies53
  • 7D2.5%
  • 3M9.6%
  • 1Y13.4%
  • YTD7.6%

The market is up 2.5% over the last week, with the Financials sector leading the way, up 3.6%. The market is up 13% over the last 12 months. Earnings are forecast to grow by 7.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Jul 2025ر.ق661.4bر.ق196.1bر.ق50.0b13.5x13.2x3.4x
Tue, 24 Jun 2025ر.ق610.3bر.ق196.7bر.ق49.6b12.3x12.3x3.1x
Thu, 22 May 2025ر.ق636.3bر.ق196.4bر.ق49.5b13x12.8x3.2x
Sat, 19 Apr 2025ر.ق597.4bر.ق196.0bر.ق49.0b12.4x12.2x3x
Mon, 17 Mar 2025ر.ق609.8bر.ق195.8bر.ق49.0b12.9x12.4x3.1x
Wed, 12 Feb 2025ر.ق621.8bر.ق195.0bر.ق48.9b13.8x12.7x3.2x
Fri, 10 Jan 2025ر.ق614.2bر.ق191.7bر.ق48.0b12.6x12.8x3.2x
Sun, 08 Dec 2024ر.ق615.5bر.ق191.7bر.ق48.0b13.1x12.8x3.2x
Tue, 05 Nov 2024ر.ق627.3bر.ق192.0bر.ق48.0b13.2x13.1x3.3x
Thu, 03 Oct 2024ر.ق621.5bر.ق189.8bر.ق47.0b13.9x13.2x3.3x
Sat, 31 Aug 2024ر.ق592.2bر.ق190.9bر.ق46.9b13.1x12.6x3.1x
Mon, 29 Jul 2024ر.ق587.1bر.ق190.2bر.ق46.7b13x12.6x3.1x
Wed, 26 Jun 2024ر.ق568.7bر.ق188.6bر.ق46.3b13x12.3x3x
Fri, 24 May 2024ر.ق553.2bر.ق188.7bر.ق46.3b13.1x12x2.9x
Sun, 21 Apr 2024ر.ق570.5bر.ق187.0bر.ق45.9b14x12.4x3.1x
Tue, 19 Mar 2024ر.ق590.8bر.ق184.9bر.ق45.4b13.8x13x3.2x
Thu, 15 Feb 2024ر.ق587.0bر.ق185.9bر.ق45.8b13.9x12.8x3.2x
Sat, 13 Jan 2024ر.ق610.0bر.ق185.6bر.ق45.2b14.4x13.5x3.3x
Mon, 11 Dec 2023ر.ق578.0bر.ق185.6bر.ق45.2b13.8x12.8x3.1x
Wed, 08 Nov 2023ر.ق592.6bر.ق187.3bر.ق45.6b14.3x13x3.2x
Fri, 06 Oct 2023ر.ق602.3bر.ق183.6bر.ق45.2b13.9x13.3x3.3x
Sun, 03 Sep 2023ر.ق602.6bر.ق185.0bر.ق45.5b13.7x13.2x3.3x
Tue, 01 Aug 2023ر.ق642.7bر.ق186.3bر.ق46.9b15x13.7x3.4x
Thu, 29 Jun 2023ر.ق592.9bر.ق186.0bر.ق46.6b13.4x12.7x3.2x
Sat, 27 May 2023ر.ق622.4bر.ق185.3bر.ق47.0b14.5x13.2x3.4x
Mon, 24 Apr 2023ر.ق576.5bر.ق182.8bر.ق46.9b13.8x12.3x3.2x
Wed, 22 Mar 2023ر.ق571.4bر.ق175.0bر.ق46.9b12.4x12.2x3.3x
Fri, 17 Feb 2023ر.ق594.3bر.ق185.8bر.ق47.6b14.3x12.5x3.2x
Sun, 15 Jan 2023ر.ق621.5bر.ق184.6bر.ق48.3b14.7x12.9x3.4x
Tue, 13 Dec 2022ر.ق639.8bر.ق183.0bر.ق48.0b14.8x13.3x3.5x
Thu, 10 Nov 2022ر.ق701.0bر.ق183.0bر.ق48.2b15.9x14.5x3.8x
Sat, 08 Oct 2022ر.ق726.7bر.ق177.7bر.ق48.0b16.7x15.1x4.1x
Mon, 05 Sep 2022ر.ق733.5bر.ق177.7bر.ق48.0b17x15.3x4.1x
Wed, 03 Aug 2022ر.ق736.2bر.ق176.6bر.ق44.7b17.5x16.5x4.2x
Price to Earnings Ratio

16.5x


Total Market Cap: ر.ق736.2bTotal Earnings: ر.ق44.7bTotal Revenue: ر.ق176.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 13.1x202320242025
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 3.7% per year over the last three years.
  • Revenues for these companies have grown 3.5% 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 Market2.49%
Financials3.62%
Materials2.74%
Telecom1.85%
Utilities1.77%
Industrials1.62%
Healthcare0.89%
Real Estate0.71%
Consumer Staples0.61%
Tech0.063%
Energy-0.031%
Consumer Discretionary-0.82%
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 9.1% over the next 5 years.
  • This is better than its past earnings growth rate of 7.4% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 2.9% 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.ق18.503.9%
+ر.ق6.3b
21.2%PB1.4xFinancials
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق24.907.3%
+ر.ق4.0b
29.9%PB1.8xFinancials
IQCD Industries Qatar Q.P.S.Cر.ق13.102.7%
+ر.ق2.1b
0%PE18.9xIndustrials
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.493.6%
+ر.ق605.5m
8.9%PB1.8xFinancials
ORDS Ooredoo Q.P.S.Cر.ق12.811.3%
+ر.ق512.5m
22.5%PE11.8xTelecom
See more

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