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Qatari (QE) Financials Sector Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies20
  • 7D1.0%
  • 3M6.3%
  • 1Y14.9%
  • YTD5.3%

The Financials industry is up 1.1% in the last week, with Qatar National Bank (Q.P.S.C.) up 1.2%. During this same period, the Doha Bank Q.P.S.C underperformed, falling 6.7%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 8.8% per annum.

Sector Valuation and Performance

Has the Qatari Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026ر.ق353.4bر.ق87.4bر.ق29.9b11.7x11.8x4x
Fri, 26 Dec 2025ر.ق335.6bر.ق87.0bر.ق29.9b10.9x11.2x3.9x
Sun, 23 Nov 2025ر.ق322.7bر.ق87.0bر.ق29.9b10.6x10.8x3.7x
Tue, 21 Oct 2025ر.ق330.1bر.ق86.6bر.ق29.7b11.7x11.1x3.8x
Thu, 18 Sep 2025ر.ق341.5bر.ق86.1bر.ق30.0b12.2x11.4x4x
Sat, 16 Aug 2025ر.ق355.1bر.ق86.1bر.ق30.0b11.7x11.8x4.1x
Mon, 14 Jul 2025ر.ق321.3bر.ق85.8bر.ق29.9b11.7x10.7x3.7x
Wed, 11 Jun 2025ر.ق320.1bر.ق85.4bر.ق29.8b11.3x10.7x3.7x
Fri, 09 May 2025ر.ق311.5bر.ق85.3bر.ق29.8b10.9x10.5x3.7x
Sun, 06 Apr 2025ر.ق297.5bر.ق85.5bر.ق29.7b10.5x10x3.5x
Tue, 04 Mar 2025ر.ق307.5bر.ق85.5bر.ق29.7b10.8x10.4x3.6x
Thu, 30 Jan 2025ر.ق310.5bر.ق81.5bر.ق28.7b10.2x10.8x3.8x
Sat, 28 Dec 2024ر.ق312.7bر.ق81.1bر.ق28.1b10.5x11.1x3.9x
Mon, 25 Nov 2024ر.ق311.6bر.ق81.1bر.ق28.1b10.8x11.1x3.8x
Wed, 23 Oct 2024ر.ق317.7bر.ق81.3bر.ق28.0b11.1x11.3x3.9x
Fri, 20 Sep 2024ر.ق310.8bر.ق81.4bر.ق27.7b11.1x11.2x3.8x
Sun, 18 Aug 2024ر.ق294.6bر.ق82.7bر.ق27.6b10.5x10.7x3.6x
Tue, 16 Jul 2024ر.ق289.6bر.ق81.7bر.ق27.4b9.7x10.6x3.5x
Thu, 13 Jun 2024ر.ق272.4bر.ق80.7bر.ق27.2b9.5x10x3.4x
Sat, 11 May 2024ر.ق273.8bر.ق80.7bر.ق27.1b10.1x10.1x3.4x
Mon, 08 Apr 2024ر.ق281.2bر.ق77.0bر.ق26.6b10.4x10.6x3.7x
Wed, 06 Mar 2024ر.ق295.5bر.ق76.3bر.ق28.0b11.1x10.5x3.9x
Fri, 02 Feb 2024ر.ق299.4bر.ق75.8bر.ق26.8b12.5x11.2x3.9x
Sun, 31 Dec 2023ر.ق315.2bر.ق74.2bر.ق25.9b12.3x12.2x4.3x
Tue, 28 Nov 2023ر.ق300.0bر.ق74.2bر.ق25.9b12.3x11.6x4x
Thu, 26 Oct 2023ر.ق283.2bر.ق72.1bر.ق25.8b12.6x11x3.9x
Sat, 23 Sep 2023ر.ق294.9bر.ق69.4bر.ق25.4b12.5x11.6x4.2x
Mon, 21 Aug 2023ر.ق314.2bر.ق70.1bر.ق25.3b13.4x12.4x4.5x
Wed, 19 Jul 2023ر.ق303.5bر.ق68.4bر.ق25.3b13.2x12x4.4x
Fri, 16 Jun 2023ر.ق308.2bر.ق68.0bر.ق25.0b14x12.3x4.5x
Sun, 14 May 2023ر.ق312.7bر.ق67.4bر.ق24.7b13.6x12.6x4.6x
Tue, 11 Apr 2023ر.ق302.7bر.ق61.5bر.ق24.0b14.3x12.6x4.9x
Thu, 09 Mar 2023ر.ق312.1bر.ق61.3bر.ق24.1b13.9x13x5.1x
Sat, 04 Feb 2023ر.ق299.1bر.ق61.9bر.ق24.4b14.1x12.3x4.8x
Price to Earnings Ratio

12.3x


Total Market Cap: ر.ق299.1bTotal Earnings: ر.ق24.4bTotal Revenue: ر.ق61.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Financials Sector Price to Earnings3Y Average 11.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Qatari Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 11.2x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.0% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Qatari Financials sector?

QA Market0.74%
Financials0.97%
Insurance1.20%
Banks0.97%
Diversified Financial-1.28%
Capital Markets-1.53%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 38.1%, which is higher than its past year's earnings decline of 27.0% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 8.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
QNBK Qatar National Bank (Q.P.S.C.)ر.ق20.141.2%
+ر.ق2.2b		20.2%PB1.5x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق24.922.6%
+ر.ق1.5b		21.0%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.703.1%
+ر.ق566.6m		2.6%PB0.7x
ABQK Ahli Bank Q.P.S.Cر.ق3.852.9%
+ر.ق280.6m		11.9%PB1.2x
QATI Qatar Insurance Company Q.S.P.Cر.ق2.193.8%
+ر.ق264.6m		1.4%PE11.7x

Latest News

QIBK
ر.ق24.92
Qatar Islamic Bank (Q.P.S.C.)
7D
2.6%
1Y
21.0%

QIBK: Updated Assumptions Will Support A Steady Yet Cautious Fair Value Outlook

Analysts have made a small upward revision to their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR26.27 from QAR26.20, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value Estimate was revised slightly higher from QAR26.20 to QAR26.27.
QNBK
ر.ق20.14
Qatar National Bank (Q.P.S.C.)
7D
1.2%
1Y
20.2%

QNBK: Custody Alliance And Buybacks Will Support Digital-First Gulf Expansion

Analysts have raised their price target for Qatar National Bank (Q.P.S.C.) from QAR 21.90 to about QAR 22.75. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E forecasts.
MARK
ر.ق2.27
AlRayan Bank Q.P.S.C
7D
-1.5%
1Y
-5.3%

MARK: Higher Future P/E And Stronger Margins Will Support Further Upside

Analysts have revised their price target on AlRayan Bank Q.P.S.C., citing a higher assumed future P/E of 26.16x and a stronger profit margin of 75.65%, while also accounting for a steeper 37.15% revenue contraction. What's in the News AlRayan Bank Q.P.S.C. has scheduled a board meeting for Jan 21, 2026.
CBQK
ر.ق4.70
Commercial Bank (P.S.Q.C.)
7D
3.1%
1Y
2.6%

CBQK: Lower Discount Rate May Still Lead To Overstretched Earnings Multiple

Analysts have nudged their price target on Commercial Bank (P.S.Q.C.) slightly higher to reflect an updated fair value estimate of QAR 3.43 per share, supported by revised assumptions around the discount rate, revenue growth, profit margin and forward P/E. Valuation Changes Fair value estimate was revised slightly higher from QAR 3.42 to QAR 3.43 per share.
DHBK
ر.ق2.73
Doha Bank Q.P.S.C
7D
-6.7%
1Y
33.3%

DHBK: Future Returns Will Reflect Slightly Higher Multiple And Stable Profitability

Analysts have lifted their price target for Doha Bank Q.P.S.C. from QAR 2.97 to QAR 3.07, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which together point to a slightly higher assessment of the shares. Valuation Changes The fair value estimate has been adjusted from QAR 2.97 to QAR 3.07, indicating a slightly higher assessed value per share.
QGRI
ر.ق1.44
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-6.7%
1Y
22.3%
QIIK
ر.ق11.60
Qatar International Islamic Bank (Q.P.S.C)
7D
0.4%
1Y
8.9%
ABQK
ر.ق3.85
Ahli Bank Q.P.S.C
7D
2.9%
1Y
11.9%
QFBQ
ر.ق1.93
Lesha Bank
7D
4.0%
1Y
46.6%
QLMI
ر.ق2.45
QLM Life & Medical Insurance Company Q.P.S.C
7D
-2.1%
1Y
19.8%
QISI
ر.ق8.78
Qatar Islamic Insurance Group Q.P.S.C
7D
-0.5%
1Y
-1.0%
DUBK
ر.ق3.51
Dukhan Bank Q.P.S.C
7D
-2.5%
1Y
-2.1%
DOHI
ر.ق2.73
Doha Insurance Group Q.P.S.C
7D
0.8%
1Y
6.5%
QATI
ر.ق2.19
Qatar Insurance Company Q.S.P.C
7D
3.8%
1Y
1.4%
SIIS
ر.ق0.77
Salam International Investment Limited Q.P.S.C
7D
-1.3%
1Y
13.8%
BEMA
ر.ق4.30
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
-0.8%
1Y
6.2%