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Qatari (QE) Financials Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies20
  • 7D1.0%
  • 3M9.0%
  • 1Y17.2%
  • YTD7.5%

Over the last 7 days, the Financials industry has risen 1.0%, driven by gains from Qatar Islamic Bank (Q.P.S.C.) of 2.1%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 8.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026ر.ق360.5bر.ق87.9bر.ق29.9b11.7x12.1x4.1x
Mon, 12 Jan 2026ر.ق348.1bر.ق87.0bر.ق29.9b11.4x11.6x4x
Wed, 10 Dec 2025ر.ق333.4bر.ق87.0bر.ق29.9b10.9x11.1x3.8x
Fri, 07 Nov 2025ر.ق336.5bر.ق87.0bر.ق29.9b10.8x11.2x3.9x
Sun, 05 Oct 2025ر.ق327.7bر.ق86.1bر.ق30.0b11.8x10.9x3.8x
Tue, 02 Sep 2025ر.ق340.2bر.ق86.1bر.ق30.0b12.1x11.4x4x
Thu, 31 Jul 2025ر.ق336.7bر.ق85.7bر.ق29.9b12.1x11.2x3.9x
Sat, 28 Jun 2025ر.ق318.4bر.ق85.5bر.ق29.8b11.1x10.7x3.7x
Mon, 26 May 2025ر.ق320.7bر.ق85.4bر.ق29.8b11.1x10.8x3.8x
Wed, 23 Apr 2025ر.ق295.9bر.ق85.7bر.ق29.7b10.7x10x3.5x
Fri, 21 Mar 2025ر.ق300.8bر.ق85.5bر.ق29.7b10.8x10.1x3.5x
Sun, 16 Feb 2025ر.ق309.5bر.ق85.4bر.ق29.7b11.4x10.4x3.6x
Tue, 14 Jan 2025ر.ق302.6bر.ق81.1bر.ق28.1b10.3x10.8x3.7x
Thu, 12 Dec 2024ر.ق315.5bر.ق81.1bر.ق28.1b10.7x11.2x3.9x
Sat, 09 Nov 2024ر.ق314.3bر.ق81.1bر.ق28.1b11x11.2x3.9x
Mon, 07 Oct 2024ر.ق310.2bر.ق81.4bر.ق27.7b11x11.2x3.8x
Wed, 04 Sep 2024ر.ق301.1bر.ق82.6bر.ق27.6b11.1x10.9x3.6x
Fri, 02 Aug 2024ر.ق291.5bر.ق82.5bر.ق27.6b9.9x10.6x3.5x
Sun, 30 Jun 2024ر.ق281.5bر.ق80.7bر.ق27.2b9.7x10.4x3.5x
Tue, 28 May 2024ر.ق260.8bر.ق80.7bر.ق27.2b9.7x9.6x3.2x
Thu, 25 Apr 2024ر.ق275.3bر.ق79.6bر.ق27.2b10.1x10.1x3.5x
Sat, 23 Mar 2024ر.ق294.7bر.ق77.0bر.ق26.6b10.8x11.1x3.8x
Mon, 19 Feb 2024ر.ق299.0bر.ق76.5bر.ق26.9b12.1x11.1x3.9x
Wed, 17 Jan 2024ر.ق314.5bر.ق74.2bر.ق26.2b12.5x12x4.2x
Fri, 15 Dec 2023ر.ق295.8bر.ق74.2bر.ق25.9b12.5x11.4x4x
Sun, 12 Nov 2023ر.ق298.9bر.ق74.2bر.ق25.9b12.3x11.5x4x
Tue, 10 Oct 2023ر.ق285.7bر.ق69.4bر.ق25.4b12.6x11.3x4.1x
Thu, 07 Sep 2023ر.ق294.8bر.ق70.5bر.ق25.4b12.6x11.6x4.2x
Sat, 05 Aug 2023ر.ق321.5bر.ق70.1bر.ق25.3b13.6x12.7x4.6x
Mon, 03 Jul 2023ر.ق302.4bر.ق68.0bر.ق25.0b13.8x12.1x4.4x
Wed, 31 May 2023ر.ق305.5bر.ق67.3bر.ق24.9b14.1x12.3x4.5x
Fri, 28 Apr 2023ر.ق291.8bر.ق63.8bر.ق23.7b12.6x12.3x4.6x
Sun, 26 Mar 2023ر.ق294.7bر.ق61.4bر.ق24.0b13.2x12.3x4.8x
Tue, 21 Feb 2023ر.ق298.9bر.ق62.2bر.ق24.4b14.2x12.3x4.8x
Price to Earnings Ratio

12.3x


Total Market Cap: ر.ق298.9bTotal 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 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 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 Market0.99%
Financials1.03%
Diversified Financial6.77%
Capital Markets1.73%
Banks1.04%
Insurance0.44%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.1x.
    • 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 14.1x.
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 Banks industry is expected to see its earnings grow by 8.5% 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
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق25.492.1%
+ر.ق1.3b		20.9%PB1.8x
DUBK Dukhan Bank Q.P.S.Cر.ق3.654.4%
+ر.ق805.3m		-3.1%PB1.2x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.752.8%
+ر.ق484.4m		8.8%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.881.8%
+ر.ق340.0m		6.7%PB0.7x
QNBK Qatar National Bank (Q.P.S.C.)ر.ق20.400.1%
+ر.ق273.4m		23.6%PB1.5x

Latest News

QGRI
ر.ق1.41
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-2.1%
1Y
19.8%
QNBK
ر.ق20.40
Qatar National Bank (Q.P.S.C.)
7D
0.1%
1Y
23.6%

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.ق2.77
Doha Insurance Group Q.P.S.C
7D
-0.7%
1Y
9.0%
QIBK
ر.ق25.49
Qatar Islamic Bank (Q.P.S.C.)
7D
2.1%
1Y
20.9%

QIBK: Future Return Assumptions Will Support A Steady Yet Cautious Outlook

Analysts have slightly reduced their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR 26.13, down from QAR 26.27, reflecting updated views on discount rates, revenue trends, profit margins and future P/E assumptions. Valuation Changes Fair Value Estimate: Trimmed slightly from QAR 26.27 to QAR 26.13, reflecting modest updates to the valuation inputs.
MARK
ر.ق2.36
AlRayan Bank Q.P.S.C
7D
0.8%
1Y
-1.3%

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.ق3.65
Dukhan Bank Q.P.S.C
7D
4.4%
1Y
-3.1%
CBQK
ر.ق4.88
Commercial Bank (P.S.Q.C.)
7D
1.8%
1Y
6.7%

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

Analysts have nudged their price target for Commercial Bank (P.S.Q.C.) higher from QAR 3.43 to about QAR 3.50, citing updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E that slightly adjust the bank’s risk and earnings profile. Valuation Changes Fair Value: The analyst fair value estimate has edged higher from QAR 3.43 to QAR 3.50.
DHBK
ر.ق2.87
Doha Bank Q.P.S.C
7D
1.7%
1Y
38.7%

DHBK: Future Returns Will Balance Modest Upside With Dividend And Margin Uncertainty

Analysts have slightly raised their fair value estimate for Doha Bank Q.P.S.C. to what they view as an updated price target of QAR 3.10 per share, up from QAR 3.07, reflecting refreshed assumptions on discount rate, revenue growth, profit margin and future P/E levels. What's in the News A board meeting is scheduled for January 19, 2026, to consider a recommendation for cash dividends of QAR 0.15 per share.
QIIK
ر.ق11.75
Qatar International Islamic Bank (Q.P.S.C)
7D
2.8%
1Y
8.8%
QLMI
ر.ق2.43
QLM Life & Medical Insurance Company Q.P.S.C
7D
-2.6%
1Y
19.4%
QISI
ر.ق8.75
Qatar Islamic Insurance Group Q.P.S.C
7D
-0.6%
1Y
1.5%
DBIS
ر.ق0.94
Dlala Brokerage and Investment Holding Company Q.P.S.C
7D
-0.1%
1Y
-16.0%
QATI
ر.ق2.35
Qatar Insurance Company Q.S.P.C
7D
1.6%
1Y
12.3%