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Qatari (QE) Financials Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.7%
  • 3M-1.9%
  • 1Y7.6%
  • YTD-2.7%

Over the last 7 days, the Financials industry has dropped 2.1%, driven by Qatar National Bank (Q.P.S.C.) declining 3.7%. Over the past 12 months, the industry was up 8.6%. Looking forward, earnings are forecast to grow by 8.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026ر.ق326.3bر.ق88.1bر.ق29.9b10.5x10.9x3.7x
Wed, 11 Feb 2026ر.ق358.2bر.ق87.5bر.ق29.9b11.7x12x4.1x
Fri, 09 Jan 2026ر.ق343.3bر.ق87.0bر.ق29.9b11.2x11.5x3.9x
Sun, 07 Dec 2025ر.ق328.5bر.ق87.0bر.ق29.9b10.8x11x3.8x
Tue, 04 Nov 2025ر.ق334.4bر.ق87.6bر.ق29.9b10.7x11.2x3.8x
Thu, 02 Oct 2025ر.ق330.9bر.ق86.1bر.ق30.0b11.9x11x3.8x
Sat, 30 Aug 2025ر.ق342.0bر.ق86.1bر.ق30.0b12.1x11.4x4x
Mon, 28 Jul 2025ر.ق337.5bر.ق85.7bر.ق29.9b11.9x11.3x3.9x
Wed, 25 Jun 2025ر.ق313.0bر.ق85.5bر.ق29.8b10.9x10.5x3.7x
Fri, 23 May 2025ر.ق321.9bر.ق85.4bر.ق29.8b11.3x10.8x3.8x
Sun, 20 Apr 2025ر.ق294.3bر.ق85.6bر.ق29.7b10.7x9.9x3.4x
Tue, 18 Mar 2025ر.ق304.2bر.ق85.5bر.ق29.7b10.8x10.3x3.6x
Thu, 13 Feb 2025ر.ق309.5bر.ق85.4bر.ق29.7b11.3x10.4x3.6x
Sat, 11 Jan 2025ر.ق310.7bر.ق81.1bر.ق28.1b10.5x11x3.8x
Mon, 09 Dec 2024ر.ق308.6bر.ق81.1bر.ق28.1b10.5x11x3.8x
Wed, 06 Nov 2024ر.ق314.3bر.ق81.2bر.ق28.1b11x11.2x3.9x
Fri, 04 Oct 2024ر.ق311.7bر.ق81.4bر.ق27.7b11.1x11.2x3.8x
Sun, 01 Sep 2024ر.ق296.7bر.ق82.6bر.ق27.6b11.1x10.7x3.6x
Tue, 30 Jul 2024ر.ق291.1bر.ق82.4bر.ق27.6b9.9x10.6x3.5x
Thu, 27 Jun 2024ر.ق278.9bر.ق80.7bر.ق27.2b9.7x10.3x3.5x
Sat, 25 May 2024ر.ق268.9bر.ق80.7bر.ق27.2b10x9.9x3.3x
Mon, 22 Apr 2024ر.ق277.8bر.ق79.3bر.ق26.9b10.3x10.3x3.5x
Wed, 20 Mar 2024ر.ق294.7bر.ق77.0bر.ق26.6b10.8x11.1x3.8x
Fri, 16 Feb 2024ر.ق294.5bر.ق76.5bر.ق26.9b12.2x10.9x3.9x
Sun, 14 Jan 2024ر.ق314.4bر.ق74.2bر.ق26.2b12.4x12x4.2x
Tue, 12 Dec 2023ر.ق291.9bر.ق74.2bر.ق25.9b11.8x11.3x3.9x
Thu, 09 Nov 2023ر.ق300.0bر.ق74.2bر.ق26.0b11.7x11.5x4x
Sat, 07 Oct 2023ر.ق292.4bر.ق69.4bر.ق25.4b12.6x11.5x4.2x
Mon, 04 Sep 2023ر.ق301.0bر.ق70.5bر.ق25.4b12.3x11.8x4.3x
Wed, 02 Aug 2023ر.ق328.9bر.ق70.1bر.ق25.3b13.7x13x4.7x
Fri, 30 Jun 2023ر.ق298.3bر.ق68.0bر.ق25.0b13.3x11.9x4.4x
Sun, 28 May 2023ر.ق309.1bر.ق67.3bر.ق24.9b14.5x12.4x4.6x
Tue, 25 Apr 2023ر.ق287.9bر.ق63.8bر.ق23.7b12.6x12.2x4.5x
Thu, 23 Mar 2023ر.ق293.5bر.ق61.4bر.ق24.0b13x12.2x4.8x
Price to Earnings Ratio

12.2x


Total Market Cap: ر.ق293.5bTotal Earnings: ر.ق24.0bTotal Revenue: ر.ق61.4bTotal 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 7.6% 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-2.72%
Financials-2.75%
Diversified Financial-1.84%
Banks-2.57%
Capital Markets-2.66%
Insurance-6.73%
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 44.5%, which is higher than its past year's earnings decline of 75.0% 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 44% over the next 5 years.
  • This is better than its past earnings decline of 75% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 8.4% 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.ق3.103.3%
+ر.ق310.0m		58.6%PB0.6x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.260.9%
+ر.ق151.4m		4.0%PB1.7x
DUBK Dukhan Bank Q.P.S.Cر.ق3.480.2%
+ر.ق41.6m		-2.1%PB1.2x
MARK AlRayan Bank Q.P.S.Cر.ق2.320.04%
+ر.ق9.3m		0.7%PB0.8x
QISI Qatar Islamic Insurance Group Q.P.S.Cر.ق8.570.4%
+ر.ق5.3m		-1.8%PE8.4x

Latest News

QNBK
ر.ق17.81
Qatar National Bank (Q.P.S.C.)
7D
-3.7%
1Y
8.7%

QNBK: Custody Alliance And Buybacks Will Support Future Earnings Resilience

Analysts have nudged their QAR-based fair value estimate for Qatar National Bank (Q.P.S.C.) slightly higher from QAR 22.64 to QAR 22.82, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E expectations. What's in the News QNB Group and State Street Corporation announced a custody-focused alliance at the World Economic Forum in Davos, aiming to introduce a new custody servicing model in Qatar and to combine State Street's global reach with QNB's local custody and asset-servicing capabilities (Key Developments).
DHBK
ر.ق3.10
Doha Bank Q.P.S.C
7D
3.3%
1Y
58.6%
DOHI
ر.ق2.57
Doha Insurance Group Q.P.S.C
7D
-3.6%
1Y
0.9%
ABQK
ر.ق3.81
Ahli Bank Q.P.S.C
7D
-2.4%
1Y
12.1%
MARK
ر.ق2.32
AlRayan Bank Q.P.S.C
7D
0.04%
1Y
0.7%

MARK: Dividend Outlook And Meeting Date Will Shape Future Returns

Analysts have adjusted their price target on AlRayan Bank Q.P.S.C. slightly lower, reducing it by QAR0.08 to reflect updated assumptions around fair value, revenue trends, profit margins, the discount rate and future P/E expectations. What's in the News AlRayan Bank Q.P.S.C. announced an annual dividend of QAR 0.1100 per share, with an ex-date set for March 16, 2026, and a record date of March 15, 2026 (Key Developments).
QIIK
ر.ق11.26
Qatar International Islamic Bank (Q.P.S.C)
7D
0.9%
1Y
4.0%

QIIK: Dividend Proposal And Margin Outlook Will Shape A Fairly Valued Profile

Analysts have lifted their QAR price target for Qatar International Islamic Bank (Q.P.S.C) from QAR 10.98 to QAR 11.73, reflecting updated assumptions around a smaller revenue contraction, a slightly higher profit margin, a revised discount rate, and a marginally lower future P/E multiple. What's in the News The Board of Directors recommended an additional cash dividend of 29% of the nominal value per share, equal to QAR 0.29 per share, for Qatar International Islamic Bank (Q.P.S.C) (Key Developments).
QIBK
ر.ق22.44
Qatar Islamic Bank (Q.P.S.C.)
7D
-3.2%
1Y
6.4%
CBQK
ر.ق4.59
Commercial Bank (P.S.Q.C.)
7D
-2.3%
1Y
0.7%

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.ق2.25
Qatar Insurance Company Q.S.P.C
7D
-8.1%
1Y
15.1%
AKHI
ر.ق2.22
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
-6.9%
1Y
-11.8%
DUBK
ر.ق3.48
Dukhan Bank Q.P.S.C
7D
0.2%
1Y
-2.1%
QISI
ر.ق8.57
Qatar Islamic Insurance Group Q.P.S.C
7D
0.4%
1Y
-1.8%
QGRI
ر.ق1.30
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-11.6%
1Y
16.5%