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Qatari (QE) Financials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies20
  • 7D0.7%
  • 3M-2.8%
  • 1Y7.3%
  • YTD8.1%

In the last week, Financials has been flat. The past year has been better, since the industry has gained 7.3% in that time. Earnings are forecast to grow by 9.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Nov 2025ر.ق336.8bر.ق87.0bر.ق29.9b10.9x11.2x3.9x
Thu, 09 Oct 2025ر.ق332.4bر.ق86.1bر.ق30.0b11.7x11.1x3.9x
Sat, 06 Sep 2025ر.ق338.9bر.ق86.1bر.ق30.0b11.9x11.3x3.9x
Mon, 04 Aug 2025ر.ق337.5bر.ق85.7bر.ق29.9b12x11.3x3.9x
Wed, 02 Jul 2025ر.ق321.5bر.ق85.5bر.ق29.8b11.9x10.8x3.8x
Fri, 30 May 2025ر.ق312.7bر.ق85.4bر.ق29.8b11.3x10.5x3.7x
Sun, 27 Apr 2025ر.ق300.0bر.ق85.5bر.ق29.7b10.7x10.1x3.5x
Tue, 25 Mar 2025ر.ق295.3bر.ق85.5bر.ق29.7b10.7x10x3.5x
Thu, 20 Feb 2025ر.ق310.9bر.ق85.4bر.ق29.6b11.5x10.5x3.6x
Sat, 18 Jan 2025ر.ق309.1bر.ق82.4bر.ق28.7b10.3x10.8x3.8x
Mon, 16 Dec 2024ر.ق315.3bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Wed, 13 Nov 2024ر.ق311.2bر.ق81.1bر.ق28.1b10.7x11.1x3.8x
Fri, 11 Oct 2024ر.ق314.9bر.ق80.9bر.ق28.0b11.1x11.2x3.9x
Sun, 08 Sep 2024ر.ق300.2bر.ق82.6bر.ق27.6b11.2x10.9x3.6x
Tue, 06 Aug 2024ر.ق289.8bر.ق82.4bر.ق27.6b9.5x10.5x3.5x
Thu, 04 Jul 2024ر.ق285.1bر.ق80.7bر.ق27.2b9.6x10.5x3.5x
Sat, 01 Jun 2024ر.ق264.1bر.ق80.7bر.ق27.2b9.5x9.7x3.3x
Mon, 29 Apr 2024ر.ق275.6bر.ق80.1bر.ق27.2b10.1x10.1x3.4x
Wed, 27 Mar 2024ر.ق287.4bر.ق77.0bر.ق26.6b10.7x10.8x3.7x
Fri, 23 Feb 2024ر.ق299.5bر.ق75.8bر.ق27.4b11.1x10.9x4x
Sun, 21 Jan 2024ر.ق310.3bر.ق74.6bر.ق26.3b12.7x11.8x4.2x
Tue, 19 Dec 2023ر.ق296.3bر.ق74.2bر.ق25.9b12.5x11.4x4x
Thu, 16 Nov 2023ر.ق304.6bر.ق74.2bر.ق25.9b12.3x11.7x4.1x
Sat, 14 Oct 2023ر.ق298.7bر.ق71.4bر.ق25.7b12.6x11.6x4.2x
Mon, 11 Sep 2023ر.ق297.5bر.ق70.5bر.ق25.4b12.6x11.7x4.2x
Wed, 09 Aug 2023ر.ق320.2bر.ق70.1bر.ق25.3b13.4x12.7x4.6x
Fri, 07 Jul 2023ر.ق307.4bر.ق68.0bر.ق25.0b14x12.3x4.5x
Sun, 04 Jun 2023ر.ق303.7bر.ق67.3bر.ق24.9b13.8x12.2x4.5x
Tue, 02 May 2023ر.ق295.2bر.ق63.8bر.ق23.7b13x12.5x4.6x
Thu, 30 Mar 2023ر.ق302.5bر.ق61.4bر.ق24.2b13.6x12.5x4.9x
Sat, 25 Feb 2023ر.ق301.7bر.ق62.2bر.ق24.4b13.9x12.4x4.9x
Mon, 23 Jan 2023ر.ق308.8bر.ق60.8bر.ق23.9b14.8x12.9x5.1x
Wed, 21 Dec 2022ر.ق312.4bر.ق58.6bر.ق23.4b14.4x13.4x5.3x
Fri, 18 Nov 2022ر.ق344.8bر.ق58.6bر.ق23.4b15.7x14.7x5.9x
Price to Earnings Ratio

14.7x


Total Market Cap: ر.ق344.8bTotal Earnings: ر.ق23.4bTotal Revenue: ر.ق58.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Financials Sector Price to Earnings3Y Average 11.4x202320242025
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 11.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 8.6% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.76%
Financials0.72%
Insurance2.00%
Diversified Financial1.35%
Banks0.68%
Capital Markets-0.98%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 20.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 9.6% 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.ق18.942.4%
+ر.ق4.1b		11.4%PB1.4x
DHBK Doha Bank Q.P.S.Cر.ق2.728.4%
+ر.ق651.1m		49.5%PB0.5x
QGRI Qatar General Insurance & Reinsurance Company Q.P.S.Cر.ق1.4915.5%
+ر.ق175.0m		14.6%PE16.7x
DUBK Dukhan Bank Q.P.S.Cر.ق3.510.5%
+ر.ق93.5m		-6.0%PB1.2x
MARK AlRayan Bank Q.P.S.Cر.ق2.340.4%
+ر.ق83.7m		-2.3%PB0.9x

Latest News

QGRI
ر.ق1.49
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
15.5%
1Y
14.6%

Qatar General Insurance & Reinsurance Company Q.P.S.C. (DSM:QGRI) Screens Well But There Might Be A Catch

Nov 07
Qatar General Insurance & Reinsurance Company Q.P.S.C. (DSM:QGRI) Screens Well But There Might Be A Catch
QNBK
ر.ق18.94
Qatar National Bank (Q.P.S.C.)
7D
2.4%
1Y
11.4%

QNBK: Expansion Into Digital Banking Will Drive Long-Term Earnings Potential

Analysts have raised their price target for Qatar National Bank (Q.P.S.C.) from QAR 21.25 to QAR 21.60, reflecting improved revenue growth forecasts that compensate for slightly lower profit margins. What's in the News Qatar National Bank (Q.P.S.C.) provided earnings guidance for 2025, noting that if interest rates decline by about 1% annually, net interest income could decrease by QAR 600 million to QAR 800 million if no mitigating actions are taken (Key Developments).
DUBK
ر.ق3.51
Dukhan Bank Q.P.S.C
7D
0.5%
1Y
-6.0%
MARK
ر.ق2.34
AlRayan Bank Q.P.S.C
7D
0.4%
1Y
-2.3%

MARK: Digitization And Diversification Will Secure Lasting Banking Advantage

Analysts have lowered their price target for AlRayan Bank Q.P.S.C., reducing the fair value estimate from QAR 2.69 to QAR 2.57. They cite a marginally softer revenue outlook and a slightly reduced discount rate, while maintaining a positive view on the company's profitability.
CBQK
ر.ق4.13
Commercial Bank (P.S.Q.C.)
7D
-1.8%
1Y
-1.9%

CBQK: Digital Expansion And Qatari Infrastructure Will Drive Long-Term Gains

Analysts have revised their price target for Commercial Bank (P.S.Q.C.) slightly downward from QAR 4.99 to QAR 4.88 because of adjustments to growth forecasts and profitability estimates. Valuation Changes The fair value estimate has decreased slightly from QAR 4.99 to QAR 4.88.
DHBK
ر.ق2.72
Doha Bank Q.P.S.C
7D
8.4%
1Y
49.5%

DHBK: Lower Discount Rate Will Drive Stronger Long-Term Performance

Analysts have increased their price target for Doha Bank Q.P.S.C. from QAR 2.87 to QAR 2.97, citing improved revenue growth expectations and a lowered discount rate. Together, these factors enhance the company's fair value outlook.
QIBK
ر.ق24.89
Qatar Islamic Bank (Q.P.S.C.)
7D
0.1%
1Y
19.4%

QIBK: Earnings Outlook And Margins Expected To Sustain Fair Valuation

Analysts have modestly increased their price target for Qatar Islamic Bank (Q.P.S.C.) to QAR 26.08 from QAR 25.54. They cite improvements in projected profit margins and a more optimistic outlook on future earnings as reasons for this adjustment.
QOIS
ر.ق0.64
Qatar Oman Investment Company Q.S.C
7D
-2.5%
1Y
-13.1%
QISI
ر.ق9.05
Qatar Islamic Insurance Group Q.P.S.C
7D
-1.1%
1Y
4.8%
DOHI
ر.ق2.61
Doha Insurance Group Q.P.S.C
7D
3.1%
1Y
4.4%
QFBQ
ر.ق1.77
Lesha Bank
7D
-1.9%
1Y
28.7%
ABQK
ر.ق3.65
Ahli Bank Q.P.S.C
7D
0.8%
1Y
1.7%
QIIK
ر.ق11.33
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.4%
1Y
6.4%