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Qatari (QE) Financials Sector Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.3%
  • 3M5.4%
  • 1Y13.9%
  • YTD4.6%

Over the last 7 days, the Financials industry has dropped 1.3%, driven by Qatar National Bank (Q.P.S.C.) declining 2.2%. Over the past 12 months, the industry was up 14%. Earnings are forecast to grow by 8.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 07 Feb 2023ر.ق301.5bر.ق61.9bر.ق24.4b14.2x12.4x4.9x
Price to Earnings Ratio

12.4x


Total Market Cap: ر.ق301.5bTotal Earnings: ر.ق24.4bTotal Revenue: ر.ق61.9bTotal 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 Market-0.65%
Financials-1.34%
Insurance0.16%
Capital Markets-0.43%
Banks-1.40%
Diversified Financial-2.17%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.4x.
    • 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 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.ق25.000.8%
+ر.ق472.6m		21.4%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.751.1%
+ر.ق202.4m		3.3%PB0.7x
ABQK Ahli Bank Q.P.S.Cر.ق3.840.8%
+ر.ق81.6m		11.2%PB1.2x
BEMA Damaan Islamic Insurance Company Beema (Q.P.S.C.)ر.ق4.608.2%
+ر.ق70.0m		13.6%PE8.6x
AKHI Al Khaleej Takaful Insurance Company Q.P.S.Cر.ق2.351.6%
+ر.ق9.2m		-2.8%PE8.2x

Latest News

QIIK
ر.ق11.41
Qatar International Islamic Bank (Q.P.S.C)
7D
-3.6%
1Y
7.2%
BEMA
ر.ق4.60
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
8.2%
1Y
13.6%
QNBK
ر.ق19.80
Qatar National Bank (Q.P.S.C.)
7D
-2.2%
1Y
18.6%
QIBK
ر.ق25.00
Qatar Islamic Bank (Q.P.S.C.)
7D
0.8%
1Y
21.4%

QIBK: Updated Assumptions Will Support A Steady Yet Cautious Fair Value Outlook

Analysts have made a small upward revision to their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR26.27 from QAR26.20, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value Estimate was revised slightly higher from QAR26.20 to QAR26.27.
MARK
ر.ق2.27
AlRayan Bank Q.P.S.C
7D
-0.7%
1Y
-4.8%

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.ق4.75
Commercial Bank (P.S.Q.C.)
7D
1.1%
1Y
3.3%

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.ق2.76
Doha Bank Q.P.S.C
7D
-3.8%
1Y
33.4%

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.
QGRI
ر.ق1.45
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-2.0%
1Y
22.6%
ABQK
ر.ق3.84
Ahli Bank Q.P.S.C
7D
0.8%
1Y
11.2%
QISI
ر.ق8.69
Qatar Islamic Insurance Group Q.P.S.C
7D
-1.5%
1Y
-1.9%
DUBK
ر.ق3.56
Dukhan Bank Q.P.S.C
7D
-1.5%
1Y
-3.3%
IHGS
ر.ق3.13
INMA Holding Company Q.P.S.C
7D
0.6%
1Y
-19.7%
SIIS
ر.ق0.77
Salam International Investment Limited Q.P.S.C
7D
-2.2%
1Y
11.0%
AKHI
ر.ق2.35
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
1.6%
1Y
-2.8%