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Qatari (QE) Financials Sector Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.7%
  • 3M5.8%
  • 1Y14.9%
  • YTD4.5%

The Financials is pretty flat in the last 7 days, but Commercial Bank (P.S.Q.C.) has stood out, gaining 3.3%. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026ر.ق350.4bر.ق87.5bر.ق30.4b11.5x11.5x4x
Sat, 20 Dec 2025ر.ق330.3bر.ق87.0bر.ق29.9b10.9x11x3.8x
Mon, 17 Nov 2025ر.ق329.4bر.ق87.0bر.ق29.9b10.7x11x3.8x
Wed, 15 Oct 2025ر.ق326.8bر.ق86.7bر.ق29.9b11.6x10.9x3.8x
Fri, 12 Sep 2025ر.ق334.6bر.ق86.1bر.ق30.0b12x11.2x3.9x
Sun, 10 Aug 2025ر.ق343.5bر.ق85.9bر.ق30.0b11.9x11.5x4x
Tue, 08 Jul 2025ر.ق323.5bر.ق85.5bر.ق29.8b11.7x10.9x3.8x
Thu, 05 Jun 2025ر.ق314.6bر.ق85.4bر.ق29.8b11.1x10.6x3.7x
Sat, 03 May 2025ر.ق308.3bر.ق85.3bر.ق29.8b11.2x10.4x3.6x
Mon, 31 Mar 2025ر.ق297.5bر.ق85.5bر.ق29.7b10.5x10x3.5x
Wed, 26 Feb 2025ر.ق310.7bر.ق85.5bر.ق29.7b11.2x10.5x3.6x
Fri, 24 Jan 2025ر.ق308.6bر.ق81.5bر.ق28.6b10.1x10.8x3.8x
Sun, 22 Dec 2024ر.ق314.6bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Tue, 19 Nov 2024ر.ق311.3bر.ق81.1bر.ق28.1b10.7x11.1x3.8x
Thu, 17 Oct 2024ر.ق322.9bر.ق81.6bر.ق28.1b11.2x11.5x4x
Sat, 14 Sep 2024ر.ق306.8bر.ق82.6bر.ق27.6b11.1x11.1x3.7x
Mon, 12 Aug 2024ر.ق290.5bر.ق82.4bر.ق27.6b10.4x10.5x3.5x
Wed, 10 Jul 2024ر.ق288.8bر.ق81.7bر.ق27.4b9.7x10.5x3.5x
Fri, 07 Jun 2024ر.ق268.5bر.ق80.7bر.ق27.2b9.4x9.9x3.3x
Sun, 05 May 2024ر.ق274.1bر.ق80.7bر.ق27.2b10x10.1x3.4x
Tue, 02 Apr 2024ر.ق283.4bر.ق77.0bر.ق26.6b10.3x10.7x3.7x
Thu, 29 Feb 2024ر.ق300.3bر.ق76.5bر.ق27.4b11x11x3.9x
Sat, 27 Jan 2024ر.ق310.0bر.ق75.2bر.ق26.5b12.9x11.7x4.1x
Mon, 25 Dec 2023ر.ق310.2bر.ق74.2bر.ق25.9b12.5x12x4.2x
Wed, 22 Nov 2023ر.ق304.3bر.ق74.2bر.ق25.9b12.3x11.7x4.1x
Fri, 20 Oct 2023ر.ق289.7bر.ق71.4bر.ق25.7b12.6x11.3x4.1x
Sun, 17 Sep 2023ر.ق297.6bر.ق70.5bر.ق25.4b12.5x11.7x4.2x
Tue, 15 Aug 2023ر.ق317.2bر.ق70.1bر.ق25.3b13.6x12.6x4.5x
Thu, 13 Jul 2023ر.ق299.7bر.ق68.0bر.ق25.0b13.9x12x4.4x
Sat, 10 Jun 2023ر.ق306.1bر.ق68.0bر.ق25.0b13.6x12.2x4.5x
Mon, 08 May 2023ر.ق314.9bر.ق67.4bر.ق24.7b13.3x12.7x4.7x
Wed, 05 Apr 2023ر.ق306.2bر.ق61.4bر.ق24.0b13.1x12.8x5x
Fri, 03 Mar 2023ر.ق304.6bر.ق62.2bر.ق24.4b13.7x12.5x4.9x
Sun, 29 Jan 2023ر.ق317.3bر.ق61.1bر.ق24.4b14.1x13x5.2x
Price to Earnings Ratio

13x


Total Market Cap: ر.ق317.3bTotal Earnings: ر.ق24.4bTotal Revenue: ر.ق61.1bTotal 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 7.2% 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 Market0.27%
Financials-0.71%
Diversified Financial0.78%
Capital Markets0.15%
Banks-0.71%
Insurance-1.07%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.7x.
    • 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 7.6% 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
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.653.3%
+ر.ق607.1m		3.8%PB0.7x
ABQK Ahli Bank Q.P.S.Cر.ق3.751.3%
+ر.ق125.0m		9.3%PB1.1x
DUBK Dukhan Bank Q.P.S.Cر.ق3.590.3%
+ر.ق46.8m		1.6%PB1.2x
MARK AlRayan Bank Q.P.S.Cر.ق2.300.2%
+ر.ق37.2m		-7.9%PB0.8x
QFBQ Lesha Bankر.ق1.870.8%
+ر.ق16.8m		41.2%PB1.4x

Latest News

CBQK
ر.ق4.65
Commercial Bank (P.S.Q.C.)
7D
3.3%
1Y
3.8%

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.ق2.87
Doha Bank Q.P.S.C
7D
-0.5%
1Y
39.9%

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.
QIBK
ر.ق24.05
Qatar Islamic Bank (Q.P.S.C.)
7D
-4.4%
1Y
17.3%
QGRI
ر.ق1.55
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-6.4%
1Y
37.8%
QIIK
ر.ق11.55
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.7%
1Y
9.8%
QNBK
ر.ق19.99
Qatar National Bank (Q.P.S.C.)
7D
-0.2%
1Y
21.2%
ABQK
ر.ق3.75
Ahli Bank Q.P.S.C
7D
1.3%
1Y
9.3%
QFBQ
ر.ق1.87
Lesha Bank
7D
0.8%
1Y
41.2%
MARK
ر.ق2.30
AlRayan Bank Q.P.S.C
7D
0.2%
1Y
-7.9%

MARK: Stable Margins And Slightly Lower P/E Will Support Future Upside

Analysts have slightly reduced their price target for AlRayan Bank Q.P.S.C., reflecting small adjustments to fair value, discount rate, and forward P/E assumptions, while keeping revenue growth and profit margin expectations broadly consistent. Valuation Changes Fair Value: Trimmed marginally from QAR 2.56575 to QAR 2.56075, indicating a very small reduction in the estimated equity value per share.
QISI
ر.ق8.78
Qatar Islamic Insurance Group Q.P.S.C
7D
-0.8%
1Y
1.9%
DUBK
ر.ق3.59
Dukhan Bank Q.P.S.C
7D
0.3%
1Y
1.6%
DOHI
ر.ق2.70
Doha Insurance Group Q.P.S.C
7D
-1.4%
1Y
5.3%
QATI
ر.ق2.15
Qatar Insurance Company Q.S.P.C
7D
-0.2%
1Y
-0.2%
QOIS
ر.ق0.54
Qatar Oman Investment Company Q.S.C
7D
0.9%
1Y
-22.5%
SIIS
ر.ق0.78
Salam International Investment Limited Q.P.S.C
7D
0.8%
1Y
15.6%
AKHI
ر.ق2.32
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
0.6%
1Y
-2.7%