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Qatari (QE) Financials Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.6%
  • 3M8.8%
  • 1Y13.0%
  • YTD4.6%

Over the last 7 days, the Financials industry has dropped 2.6%, driven by Qatar National Bank (Q.P.S.C.) declining 3.5%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, 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
Sat, 21 Feb 2026ر.ق351.0bر.ق88.0bر.ق29.9b11x11.7x4x
Mon, 19 Jan 2026ر.ق348.6bر.ق87.6bر.ق30.4b11.4x11.5x4x
Wed, 17 Dec 2025ر.ق332.7bر.ق87.0bر.ق29.9b10.9x11.1x3.8x
Fri, 14 Nov 2025ر.ق330.8bر.ق87.0bر.ق29.9b10.8x11x3.8x
Sun, 12 Oct 2025ر.ق332.9bر.ق86.7bر.ق29.9b11.7x11.1x3.8x
Tue, 09 Sep 2025ر.ق339.1bر.ق86.1bر.ق30.0b12.1x11.3x3.9x
Thu, 07 Aug 2025ر.ق341.6bر.ق85.7bر.ق29.9b11.8x11.4x4x
Sat, 05 Jul 2025ر.ق322.3bر.ق85.5bر.ق29.8b11.6x10.8x3.8x
Mon, 02 Jun 2025ر.ق315.0bر.ق85.4bر.ق29.8b11.2x10.6x3.7x
Wed, 30 Apr 2025ر.ق302.6bر.ق85.5bر.ق29.7b11x10.2x3.5x
Fri, 28 Mar 2025ر.ق296.8bر.ق85.5bر.ق29.7b10.5x10x3.5x
Sun, 23 Feb 2025ر.ق312.6bر.ق85.7bر.ق29.7b11.5x10.5x3.6x
Tue, 21 Jan 2025ر.ق306.2bر.ق81.5bر.ق28.6b10.2x10.7x3.8x
Thu, 19 Dec 2024ر.ق314.6bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Sat, 16 Nov 2024ر.ق311.2bر.ق81.1bر.ق28.1b10.8x11.1x3.8x
Mon, 14 Oct 2024ر.ق314.4bر.ق80.9bر.ق28.0b11x11.2x3.9x
Wed, 11 Sep 2024ر.ق298.5bر.ق82.6bر.ق27.6b11.1x10.8x3.6x
Fri, 09 Aug 2024ر.ق289.3bر.ق82.4bر.ق27.6b10.4x10.5x3.5x
Sun, 07 Jul 2024ر.ق285.7bر.ق80.7bر.ق27.2b9.7x10.5x3.5x
Tue, 04 Jun 2024ر.ق266.3bر.ق80.7bر.ق27.2b9.4x9.8x3.3x
Thu, 02 May 2024ر.ق276.2bر.ق80.5bر.ق27.1b10x10.2x3.4x
Sat, 30 Mar 2024ر.ق285.4bر.ق77.0bر.ق26.6b10.4x10.7x3.7x
Mon, 26 Feb 2024ر.ق299.2bر.ق76.5bر.ق27.4b11.1x10.9x3.9x
Wed, 24 Jan 2024ر.ق310.1bر.ق74.6bر.ق26.3b12.6x11.8x4.2x
Fri, 22 Dec 2023ر.ق307.9bر.ق74.2bر.ق25.9b12.5x11.9x4.2x
Sun, 19 Nov 2023ر.ق304.1bر.ق74.2bر.ق25.9b12.3x11.7x4.1x
Tue, 17 Oct 2023ر.ق297.2bر.ق71.4bر.ق25.7b12.6x11.6x4.2x
Thu, 14 Sep 2023ر.ق298.3bر.ق70.5bر.ق25.4b12.6x11.7x4.2x
Sat, 12 Aug 2023ر.ق318.2bر.ق70.1bر.ق25.3b13.2x12.6x4.5x
Mon, 10 Jul 2023ر.ق306.6bر.ق68.0bر.ق25.0b13.9x12.3x4.5x
Wed, 07 Jun 2023ر.ق305.8bر.ق67.8bر.ق25.0b14x12.3x4.5x
Fri, 05 May 2023ر.ق311.8bر.ق67.6bر.ق24.9b13.3x12.5x4.6x
Sun, 02 Apr 2023ر.ق302.3bر.ق61.4bر.ق24.0b13.6x12.6x4.9x
Tue, 28 Feb 2023ر.ق306.5bر.ق62.2bر.ق24.4b14.1x12.6x4.9x
Price to Earnings Ratio

12.6x


Total Market Cap: ر.ق306.5bTotal Earnings: ر.ق24.4bTotal Revenue: ر.ق62.2bTotal 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 7.1% 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 Market-2.50%
Financials-2.63%
Insurance0.97%
Diversified Financial-0.61%
Capital Markets-1.45%
Banks-2.78%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.0x.
    • 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 8.7% 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
DHBK Doha Bank Q.P.S.Cر.ق2.963.1%
+ر.ق275.9m		44.2%PB0.6x
QATI Qatar Insurance Company Q.S.P.Cر.ق2.391.7%
+ر.ق130.6m		15.0%PE12.7x
QFBQ Lesha Bankر.ق1.881.7%
+ر.ق35.8m		39.3%PB1.4x
ABQK Ahli Bank Q.P.S.Cر.ق3.830.4%
+ر.ق35.7m		5.3%PB1.1x
AKHI Al Khaleej Takaful Insurance Company Q.P.S.Cر.ق2.472.9%
+ر.ق17.6m		-1.4%PE8.6x

Latest News

QISI
ر.ق8.58
Qatar Islamic Insurance Group Q.P.S.C
7D
-1.9%
1Y
-1.1%
DHBK
ر.ق2.96
Doha Bank Q.P.S.C
7D
3.1%
1Y
44.2%

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.
QATI
ر.ق2.39
Qatar Insurance Company Q.S.P.C
7D
1.7%
1Y
15.0%
QIBK
ر.ق24.69
Qatar Islamic Bank (Q.P.S.C.)
7D
-3.1%
1Y
15.2%
ABQK
ر.ق3.83
Ahli Bank Q.P.S.C
7D
0.4%
1Y
5.3%
CBQK
ر.ق4.86
Commercial Bank (P.S.Q.C.)
7D
-0.5%
1Y
6.3%

CBQK: Higher Forward P/E Will Likely Sustain An Overstretched Earnings Profile

Analysts have lifted their price target for Commercial Bank (P.S.Q.C.) to QAR 3.58 from QAR 3.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. Valuation Changes Fair Value: Updated to QAR 3.58 from QAR 3.50, reflecting a small upward adjustment in the underlying model assumptions.
AKHI
ر.ق2.47
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
2.9%
1Y
-1.4%
QNBK
ر.ق19.68
Qatar National Bank (Q.P.S.C.)
7D
-3.5%
1Y
17.5%

QNBK: Custody Partnership And Buybacks Will Support Future Gulf Expansion

Analysts have made a minor adjustment to their price target for Qatar National Bank (Q.P.S.C.) to QAR 22.64 from QAR 22.75, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E levels. What's in the News State Street Corporation and QNB Group agreed to work together on a new custody servicing model in Qatar, with service agreements to be finalized later.
DOHI
ر.ق2.79
Doha Insurance Group Q.P.S.C
7D
0.6%
1Y
8.5%
MARK
ر.ق2.33
AlRayan Bank Q.P.S.C
7D
-1.2%
1Y
-2.9%

MARK: Higher Margin Assumptions And Lower P/E Will Shape Future Returns

Analysts have adjusted their price targets for AlRayan Bank Q.P.S.C., reflecting updated assumptions that now combine a slightly lower discount rate, weaker revenue growth expectations, a higher profit margin of about 95% and a modestly lower forward P/E of roughly 24.5x. What's in the News A board meeting is scheduled for January 21, 2026, to consider approval of AlRayan Bank Q.P.S.C.'s 2025 financial results (Key Developments).
DUBK
ر.ق3.53
Dukhan Bank Q.P.S.C
7D
-3.3%
1Y
-4.5%
BEMA
ر.ق4.46
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
1.3%
1Y
16.1%

Damaan Islamic Insurance Company Beema (Q.P.S.C.) (DSM:BEMA) Is Paying Out A Larger Dividend Than Last Year

Feb 04
Damaan Islamic Insurance Company Beema (Q.P.S.C.) (DSM:BEMA) Is Paying Out A Larger Dividend Than Last Year
QFBQ
ر.ق1.88
Lesha Bank
7D
1.7%
1Y
39.3%

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.ق11.40
Qatar International Islamic Bank (Q.P.S.C)
7D
-3.0%
1Y
5.7%
SIIS
ر.ق0.81
Salam International Investment Limited Q.P.S.C
7D
-0.6%
1Y
15.3%