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Qatari (QE) Financials Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies20
  • 7D-7.4%
  • 3M-0.2%
  • 1Y7.3%
  • YTD-2.3%

Over the last 7 days, the Financials industry has dropped 2.3%, driven by Qatar National Bank (Q.P.S.C.) declining 9.4%. Over the past 12 months, the industry was up 6.4%. Looking forward, earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026ر.ق327.9bر.ق88.0bر.ق29.9b10.4x11x3.7x
Sat, 31 Jan 2026ر.ق350.8bر.ق87.6bر.ق29.9b11.6x11.8x4x
Mon, 29 Dec 2025ر.ق333.5bر.ق87.0bر.ق29.9b10.9x11.1x3.8x
Wed, 26 Nov 2025ر.ق324.5bر.ق87.0bر.ق29.9b10.7x10.8x3.7x
Fri, 24 Oct 2025ر.ق331.4bر.ق86.5bر.ق29.8b11.9x11.1x3.8x
Sun, 21 Sep 2025ر.ق345.7bر.ق86.1bر.ق30.0b12.1x11.5x4x
Tue, 19 Aug 2025ر.ق350.8bر.ق86.1bر.ق30.0b11.6x11.7x4.1x
Thu, 17 Jul 2025ر.ق323.0bر.ق85.8bر.ق29.9b11.6x10.8x3.8x
Sat, 14 Jun 2025ر.ق318.7bر.ق85.4bر.ق29.8b11.2x10.7x3.7x
Mon, 12 May 2025ر.ق311.6bر.ق85.3bر.ق29.8b10.9x10.5x3.7x
Wed, 09 Apr 2025ر.ق285.3bر.ق85.5bر.ق29.7b10.8x9.6x3.3x
Fri, 07 Mar 2025ر.ق307.9bر.ق85.5bر.ق29.7b10.6x10.4x3.6x
Sun, 02 Feb 2025ر.ق309.8bر.ق81.5bر.ق28.6b10.1x10.8x3.8x
Tue, 31 Dec 2024ر.ق313.6bر.ق81.1bر.ق28.1b10.5x11.1x3.9x
Thu, 28 Nov 2024ر.ق308.9bر.ق81.1bر.ق28.1b10.7x11x3.8x
Sat, 26 Oct 2024ر.ق310.8bر.ق81.4bر.ق28.0b10.8x11.1x3.8x
Mon, 23 Sep 2024ر.ق309.9bر.ق81.4bر.ق27.7b11x11.2x3.8x
Wed, 21 Aug 2024ر.ق293.7bر.ق82.7bر.ق27.6b10.5x10.6x3.6x
Fri, 19 Jul 2024ر.ق284.2bر.ق82.1bر.ق27.5b9.7x10.3x3.5x
Sun, 16 Jun 2024ر.ق273.7bر.ق80.7bر.ق27.2b9.4x10.1x3.4x
Tue, 14 May 2024ر.ق274.7bر.ق80.7bر.ق27.1b10.2x10.1x3.4x
Thu, 11 Apr 2024ر.ق282.9bر.ق78.9bر.ق26.8b10.4x10.5x3.6x
Sat, 09 Mar 2024ر.ق296.6bر.ق76.3bر.ق28.0b11x10.6x3.9x
Mon, 05 Feb 2024ر.ق299.4bر.ق75.8bر.ق26.9b12.5x11.2x3.9x
Wed, 03 Jan 2024ر.ق321.5bر.ق74.2bر.ق25.9b12.6x12.4x4.3x
Fri, 01 Dec 2023ر.ق301.3bر.ق74.2bر.ق25.9b12.3x11.6x4.1x
Sun, 29 Oct 2023ر.ق277.7bر.ق73.1bر.ق25.9b12.4x10.7x3.8x
Tue, 26 Sep 2023ر.ق294.3bر.ق69.4bر.ق25.4b12.5x11.6x4.2x
Thu, 24 Aug 2023ر.ق307.9bر.ق70.2bر.ق25.3b13.3x12.2x4.4x
Sat, 22 Jul 2023ر.ق309.3bر.ق69.9bر.ق25.3b13.7x12.2x4.4x
Mon, 19 Jun 2023ر.ق307.7bر.ق68.0bر.ق25.0b13.9x12.3x4.5x
Wed, 17 May 2023ر.ق305.1bر.ق67.3bر.ق24.9b13.5x12.2x4.5x
Fri, 14 Apr 2023ر.ق292.5bر.ق62.5bر.ق24.2b13.7x12.1x4.7x
Sun, 12 Mar 2023ر.ق310.7bر.ق61.3bر.ق24.1b13.9x12.9x5.1x
Price to Earnings Ratio

12.9x


Total Market Cap: ر.ق310.7bTotal Earnings: ر.ق24.1bTotal 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 7.5% 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-6.26%
Financials-7.44%
Diversified Financial3.99%
Insurance-0.20%
Banks-7.78%
Capital Markets-8.87%
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 8.8% 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
QATI Qatar Insurance Company Q.S.P.Cر.ق2.501.0%
+ر.ق78.4m		25.7%PE13.3x
QGRI Qatar General Insurance & Reinsurance Company Q.P.S.Cر.ق1.453.5%
+ر.ق42.9m		27.3%PE10.1x
SIIS Salam International Investment Limited Q.P.S.Cر.ق0.834.0%
+ر.ق36.6m		19.3%PE10.2x
QISI Qatar Islamic Insurance Group Q.P.S.Cر.ق8.600.02%
+ر.ق300.0k		-0.6%PE8.5x

Latest News

QIBK
ر.ق22.69
Qatar Islamic Bank (Q.P.S.C.)
7D
-7.7%
1Y
8.0%
CBQK
ر.ق4.54
Commercial Bank (P.S.Q.C.)
7D
-6.8%
1Y
-0.8%

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.
QATI
ر.ق2.50
Qatar Insurance Company Q.S.P.C
7D
1.0%
1Y
25.7%
SIIS
ر.ق0.83
Salam International Investment Limited Q.P.S.C
7D
4.0%
1Y
19.3%
MARK
ر.ق2.24
AlRayan Bank Q.P.S.C
7D
-5.9%
1Y
-4.7%
QNBK
ر.ق18.02
Qatar National Bank (Q.P.S.C.)
7D
-9.4%
1Y
8.6%

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).
DUBK
ر.ق3.45
Dukhan Bank Q.P.S.C
7D
-4.4%
1Y
-3.8%
QISI
ر.ق8.60
Qatar Islamic Insurance Group Q.P.S.C
7D
0.02%
1Y
-0.6%
DHBK
ر.ق2.92
Doha Bank Q.P.S.C
7D
-2.5%
1Y
48.3%

DHBK: Future Returns Will Balance Dividend Prospects With Stable Margin Outlook

Analysts have kept their price target on Doha Bank Q.P.S.C. broadly unchanged at around QAR 3.10, reflecting only very small adjustments to inputs such as the discount rate, revenue growth assumptions, profit margin and the expected future P/E multiple. What's in the News A board meeting is scheduled for January 19, 2026, for Doha Bank Q.P.S.C. to consider recommending a cash dividend distribution.
QGRI
ر.ق1.45
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
3.5%
1Y
27.3%
QFBQ
ر.ق1.72
Lesha Bank
7D
-8.6%
1Y
39.2%

Lesha Bank's (DSM:QFBQ) Dividend Will Be Increased To QAR0.06

Feb 04
Lesha Bank's (DSM:QFBQ) Dividend Will Be Increased To QAR0.06
QIIK
ر.ق10.94
Qatar International Islamic Bank (Q.P.S.C)
7D
-4.6%
1Y
2.2%