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Qatari (QE) Financials Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies20
  • 7D0.6%
  • 3M5.7%
  • 1Y14.1%
  • YTD4.5%

Over the last 7 days, the Financials industry has risen 2.0%, driven by gains from Qatar National Bank (Q.P.S.C.) of 1.0%. This means that the industry has gained 16% over the past year. Earnings are forecast to grow by 8.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026ر.ق350.6bر.ق87.4bر.ق29.9b11.5x11.7x4x
Wed, 24 Dec 2025ر.ق336.5bر.ق87.0bر.ق29.9b11x11.2x3.9x
Fri, 21 Nov 2025ر.ق322.7bر.ق87.0bر.ق29.9b10.6x10.8x3.7x
Sun, 19 Oct 2025ر.ق331.1bر.ق86.6bر.ق29.7b11.7x11.2x3.8x
Tue, 16 Sep 2025ر.ق336.5bر.ق86.1bر.ق30.0b12x11.2x3.9x
Thu, 14 Aug 2025ر.ق355.4bر.ق86.0bر.ق30.0b11.4x11.8x4.1x
Sat, 12 Jul 2025ر.ق323.9bر.ق84.9bر.ق29.8b11.7x10.9x3.8x
Mon, 09 Jun 2025ر.ق314.6bر.ق85.4bر.ق29.8b11.1x10.6x3.7x
Wed, 07 May 2025ر.ق310.8bر.ق85.3bر.ق29.8b11x10.4x3.6x
Fri, 04 Apr 2025ر.ق297.5bر.ق85.5bر.ق29.7b10.5x10x3.5x
Sun, 02 Mar 2025ر.ق307.2bر.ق85.5bر.ق29.7b10.9x10.4x3.6x
Tue, 28 Jan 2025ر.ق310.6bر.ق81.4bر.ق28.6b10.1x10.9x3.8x
Thu, 26 Dec 2024ر.ق314.4bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Sat, 23 Nov 2024ر.ق310.7bر.ق81.1bر.ق28.1b10.7x11x3.8x
Mon, 21 Oct 2024ر.ق319.0bر.ق81.3bر.ق28.0b11.1x11.4x3.9x
Wed, 18 Sep 2024ر.ق307.1bر.ق82.6bر.ق27.6b11.1x11.1x3.7x
Fri, 16 Aug 2024ر.ق294.6bر.ق82.5bر.ق27.6b10.4x10.7x3.6x
Sun, 14 Jul 2024ر.ق288.7bر.ق81.7bر.ق27.4b9.5x10.5x3.5x
Tue, 11 Jun 2024ر.ق268.9bر.ق80.7bر.ق27.2b9.7x9.9x3.3x
Thu, 09 May 2024ر.ق276.1bر.ق80.7bر.ق27.2b10.1x10.2x3.4x
Sat, 06 Apr 2024ر.ق278.8bر.ق77.0bر.ق26.6b10.4x10.5x3.6x
Mon, 04 Mar 2024ر.ق302.3bر.ق76.5bر.ق27.5b11.4x11x4x
Wed, 31 Jan 2024ر.ق302.2bر.ق75.8bر.ق26.8b12.7x11.3x4x
Fri, 29 Dec 2023ر.ق315.2bر.ق74.2bر.ق25.9b12.3x12.2x4.3x
Sun, 26 Nov 2023ر.ق303.7bر.ق74.2bر.ق25.9b12.3x11.7x4.1x
Tue, 24 Oct 2023ر.ق287.5bر.ق72.1bر.ق25.8b12.6x11.2x4x
Thu, 21 Sep 2023ر.ق295.1bر.ق69.4bر.ق25.4b12.5x11.6x4.3x
Sat, 19 Aug 2023ر.ق313.7bر.ق70.1bر.ق25.3b13.3x12.4x4.5x
Mon, 17 Jul 2023ر.ق301.1bر.ق68.4bر.ق25.3b13.3x11.9x4.4x
Wed, 14 Jun 2023ر.ق306.2bر.ق68.0bر.ق25.0b13.6x12.3x4.5x
Fri, 12 May 2023ر.ق312.7bر.ق67.4bر.ق24.7b13.6x12.6x4.6x
Sun, 09 Apr 2023ر.ق304.0bر.ق61.5bر.ق24.0b13.2x12.7x4.9x
Tue, 07 Mar 2023ر.ق306.1bر.ق61.3bر.ق24.1b14.2x12.7x5x
Thu, 02 Feb 2023ر.ق303.0bر.ق61.1bر.ق24.4b14.1x12.4x5x
Price to Earnings Ratio

12.4x


Total Market Cap: ر.ق303.0bTotal Earnings: ر.ق24.4bTotal Revenue: ر.ق61.1bTotal 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 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 Market0.72%
Financials0.57%
Banks0.59%
Insurance0.25%
Diversified Financial-0.13%
Capital Markets-1.74%
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.ق19.951.0%
+ر.ق1.8b		19.1%PB1.5x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.633.6%
+ر.ق647.6m		1.6%PB0.7x
ABQK Ahli Bank Q.P.S.Cر.ق3.781.9%
+ر.ق181.1m		9.9%PB1.1x
QATI Qatar Insurance Company Q.S.P.Cر.ق2.141.6%
+ر.ق111.0m		-1.8%PE11.4x
QFBQ Lesha Bankر.ق1.881.4%
+ر.ق28.0m		42.1%PB1.4x

Latest News

MARK
ر.ق2.27
AlRayan Bank Q.P.S.C
7D
-0.4%
1Y
-5.5%

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.ق4.63
Commercial Bank (P.S.Q.C.)
7D
3.6%
1Y
1.6%

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.ق2.77
Doha Bank Q.P.S.C
7D
-4.3%
1Y
37.3%

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.
QIBK
ر.ق24.60
Qatar Islamic Bank (Q.P.S.C.)
7D
-0.3%
1Y
19.5%
QGRI
ر.ق1.48
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-3.0%
1Y
25.1%
QIIK
ر.ق11.54
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.3%
1Y
9.8%
QNBK
ر.ق19.95
Qatar National Bank (Q.P.S.C.)
7D
1.0%
1Y
19.1%
ABQK
ر.ق3.78
Ahli Bank Q.P.S.C
7D
1.9%
1Y
9.9%
QFBQ
ر.ق1.88
Lesha Bank
7D
1.4%
1Y
42.1%
QLMI
ر.ق2.40
QLM Life & Medical Insurance Company Q.P.S.C
7D
-2.5%
1Y
15.4%
DUBK
ر.ق3.57
Dukhan Bank Q.P.S.C
7D
-0.1%
1Y
-0.6%
DOHI
ر.ق2.70
Doha Insurance Group Q.P.S.C
7D
0.6%
1Y
5.5%
QATI
ر.ق2.14
Qatar Insurance Company Q.S.P.C
7D
1.6%
1Y
-1.8%
AKHI
ر.ق2.31
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
0.04%
1Y
-4.4%
BEMA
ر.ق4.21
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
-2.2%
1Y
7.9%