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Qatari (QE) Financials Sector Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.6%
  • 3M-1.5%
  • 1Y7.1%
  • YTD-2.2%

In the last week, Financials has been flat. As for the the longer term, the industry is up 7.1% over the past 12 months. Earnings are forecast to grow by 8.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026ر.ق328.2bر.ق88.0bر.ق29.9b10.3x11x3.7x
Thu, 05 Feb 2026ر.ق358.3bر.ق87.4bر.ق29.9b11.9x12x4.1x
Sat, 03 Jan 2026ر.ق334.3bر.ق87.0bر.ق29.9b10.9x11.2x3.8x
Mon, 01 Dec 2025ر.ق323.4bر.ق87.0bر.ق29.9b10.7x10.8x3.7x
Wed, 29 Oct 2025ر.ق332.0bر.ق86.7bر.ق29.8b11.9x11.1x3.8x
Fri, 26 Sep 2025ر.ق331.1bر.ق86.1bر.ق30.0b12x11x3.8x
Sun, 24 Aug 2025ر.ق346.6bر.ق86.1bر.ق30.0b11.7x11.6x4x
Tue, 22 Jul 2025ر.ق329.1bر.ق85.7bر.ق29.9b12x11x3.8x
Thu, 19 Jun 2025ر.ق310.0bر.ق85.5bر.ق29.8b11x10.4x3.6x
Sat, 17 May 2025ر.ق315.2bر.ق85.3bر.ق29.8b11.4x10.6x3.7x
Mon, 14 Apr 2025ر.ق293.7bر.ق85.8bر.ق29.8b10.7x9.9x3.4x
Wed, 12 Mar 2025ر.ق307.0bر.ق85.5bر.ق29.7b10.7x10.4x3.6x
Fri, 07 Feb 2025ر.ق309.2bر.ق85.2bر.ق28.4b10.2x10.9x3.6x
Sun, 05 Jan 2025ر.ق316.7bر.ق81.1bر.ق28.1b10.6x11.3x3.9x
Tue, 03 Dec 2024ر.ق310.5bر.ق81.1bر.ق28.1b10.6x11x3.8x
Thu, 31 Oct 2024ر.ق312.9bر.ق81.5bر.ق28.1b10.9x11.1x3.8x
Sat, 28 Sep 2024ر.ق313.7bر.ق81.4bر.ق27.7b11.2x11.3x3.9x
Mon, 26 Aug 2024ر.ق292.1bر.ق82.6bر.ق27.6b10.6x10.6x3.5x
Wed, 24 Jul 2024ر.ق288.5bر.ق82.4bر.ق27.5b9.7x10.5x3.5x
Fri, 21 Jun 2024ر.ق273.6bر.ق80.7bر.ق27.2b9.9x10.1x3.4x
Sun, 19 May 2024ر.ق275.1bر.ق80.7bر.ق27.2b10x10.1x3.4x
Tue, 16 Apr 2024ر.ق281.9bر.ق78.9bر.ق26.8b10.4x10.5x3.6x
Thu, 14 Mar 2024ر.ق296.4bر.ق76.8bر.ق26.6b10.9x11.2x3.9x
Sat, 10 Feb 2024ر.ق295.3bر.ق76.3bر.ق26.9b11.7x11x3.9x
Mon, 08 Jan 2024ر.ق315.6bر.ق74.2bر.ق25.9b13.1x12.2x4.3x
Wed, 06 Dec 2023ر.ق300.2bر.ق74.2bر.ق25.9b11.8x11.6x4x
Fri, 03 Nov 2023ر.ق287.8bر.ق73.5bر.ق26.0b12.8x11.1x3.9x
Sun, 01 Oct 2023ر.ق296.6bر.ق69.4bر.ق25.4b12.5x11.7x4.3x
Tue, 29 Aug 2023ر.ق306.9bر.ق70.5bر.ق25.4b11.9x12.1x4.4x
Thu, 27 Jul 2023ر.ق317.9bر.ق69.9bر.ق25.3b13.5x12.6x4.5x
Sat, 24 Jun 2023ر.ق300.0bر.ق68.0bر.ق25.0b13.4x12x4.4x
Mon, 22 May 2023ر.ق315.4bر.ق67.3bر.ق24.9b14.2x12.6x4.7x
Wed, 19 Apr 2023ر.ق286.9bر.ق62.8bر.ق24.3b12.5x11.8x4.6x
Fri, 17 Mar 2023ر.ق290.8bر.ق61.3bر.ق24.0b12.8x12.1x4.7x
Price to Earnings Ratio

12.1x


Total Market Cap: ر.ق290.8bTotal Earnings: ر.ق24.0bTotal Revenue: ر.ق61.3bTotal 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 3.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.6% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market-1.90%
Financials-0.62%
Diversified Financial7.62%
Insurance0.28%
Capital Markets-0.50%
Banks-0.68%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 44.5%, which is higher than its past year's earnings decline of 28.3% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 28% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 8.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
QNBK Qatar National Bank (Q.P.S.C.)ر.ق18.774.2%
+ر.ق6.8b		13.6%PB1.4x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق22.702.3%
+ر.ق1.2b		7.7%PB1.6x
MARK AlRayan Bank Q.P.S.Cر.ق2.355.4%
+ر.ق1.1b		1.3%PB0.8x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.264.3%
+ر.ق696.3m		4.7%PB1.7x
DHBK Doha Bank Q.P.S.Cر.ق3.026.3%
+ر.ق555.0m		51.7%PB0.6x

Latest News

DOHI
ر.ق2.55
Doha Insurance Group Q.P.S.C
7D
-3.6%
1Y
1.4%
ABQK
ر.ق3.86
Ahli Bank Q.P.S.C
7D
2.0%
1Y
13.9%
MARK
ر.ق2.35
AlRayan Bank Q.P.S.C
7D
5.4%
1Y
1.3%

MARK: Dividend Outlook And Meeting Date Will Shape Future Returns

Analysts have adjusted their price target on AlRayan Bank Q.P.S.C. slightly lower, reducing it by QAR0.08 to reflect updated assumptions around fair value, revenue trends, profit margins, the discount rate and future P/E expectations. What's in the News AlRayan Bank Q.P.S.C. announced an annual dividend of QAR 0.1100 per share, with an ex-date set for March 16, 2026, and a record date of March 15, 2026 (Key Developments).
QIIK
ر.ق11.26
Qatar International Islamic Bank (Q.P.S.C)
7D
4.3%
1Y
4.7%

QIIK: Dividend Proposal And Margin Outlook Will Shape A Fairly Valued Profile

Analysts have lifted their QAR price target for Qatar International Islamic Bank (Q.P.S.C) from QAR 10.98 to QAR 11.73, reflecting updated assumptions around a smaller revenue contraction, a slightly higher profit margin, a revised discount rate, and a marginally lower future P/E multiple. What's in the News The Board of Directors recommended an additional cash dividend of 29% of the nominal value per share, equal to QAR 0.29 per share, for Qatar International Islamic Bank (Q.P.S.C) (Key Developments).
DHBK
ر.ق3.02
Doha Bank Q.P.S.C
7D
6.3%
1Y
51.7%

DHBK: Future Returns Will Balance Cash Dividend Prospects With Margin And P/E Adjustments

Analysts have trimmed their QAR fair value estimate for Doha Bank Q.P.S.C. from QAR3.10 to QAR3.03, reflecting slightly lower modeled revenue growth and a marginally reduced future P/E multiple, partly offset by a small uplift in projected profit margins. What's in the News A board meeting is scheduled for January 19, 2026, with an agenda that includes recommending a cash dividend of QAR 0.15 per share for shareholders to consider (Key Developments).
QIBK
ر.ق22.70
Qatar Islamic Bank (Q.P.S.C.)
7D
2.3%
1Y
7.7%
CBQK
ر.ق4.63
Commercial Bank (P.S.Q.C.)
7D
2.0%
1Y
1.0%

CBQK: Improved Pricing Assumptions And Forward P/E Will Support Further Upside

Analysts have lifted their price target for Commercial Bank (P.S.Q.C.) from QAR 4.83 to QAR 5.12, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and forward P/E, which together point to a modestly higher valuation range. Valuation Changes Fair Value: QAR 4.83 to QAR 5.12, a small upward adjustment in the estimated equity value per share.
BEMA
ر.ق4.35
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
-6.0%
1Y
6.3%
QNBK
ر.ق18.77
Qatar National Bank (Q.P.S.C.)
7D
4.2%
1Y
13.6%

QNBK: Custody Alliance And Buybacks Will Support Future Earnings Resilience

Analysts have kept their QAR 22.64 price target for Qatar National Bank (Q.P.S.C.) unchanged, citing broadly stable fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their latest update. What's in the News State Street Corporation and QNB Group announced a custody servicing alliance at the World Economic Forum in Davos, aimed at introducing a new custody model in Qatar, with service agreements to be finalized later, in the presence of Qatar's Minister of Finance Ali bin Ahmed Al Kuwari (Key Developments).
AKHI
ر.ق2.30
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
-3.7%
1Y
-8.8%
DUBK
ر.ق3.50
Dukhan Bank Q.P.S.C
7D
0.9%
1Y
-2.4%