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Qatari (QE) Financials Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.6%
  • 3M-6.0%
  • 1Y6.7%
  • YTD-6.0%

Over the last 7 days, the Financials industry has dropped 1.6%, driven by Qatar National Bank (Q.P.S.C.) declining 3.5%. Over the past 12 months, the industry was up 6.7%. As for the next few years, earnings are expected to grow by 8.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026ر.ق315.6bر.ق88.1bر.ق29.9b10.5x10.6x3.6x
Mon, 23 Feb 2026ر.ق348.5bر.ق88.3bر.ق29.9b11.2x11.7x3.9x
Wed, 21 Jan 2026ر.ق350.0bر.ق87.5bر.ق30.4b11.4x11.5x4x
Fri, 19 Dec 2025ر.ق330.3bر.ق87.0bر.ق29.9b10.9x11x3.8x
Sun, 16 Nov 2025ر.ق330.8bر.ق87.0bر.ق29.9b10.8x11x3.8x
Tue, 14 Oct 2025ر.ق330.8bر.ق86.7bر.ق29.9b11.6x11.1x3.8x
Thu, 11 Sep 2025ر.ق335.5bر.ق86.1bر.ق30.0b12x11.2x3.9x
Sat, 09 Aug 2025ر.ق343.5bر.ق85.9bر.ق30.0b11.9x11.5x4x
Mon, 07 Jul 2025ر.ق322.3bر.ق85.5bر.ق29.8b11.6x10.8x3.8x
Wed, 04 Jun 2025ر.ق315.9bر.ق85.4bر.ق29.8b11.2x10.6x3.7x
Fri, 02 May 2025ر.ق308.5bر.ق85.5bر.ق29.8b11.3x10.4x3.6x
Sun, 30 Mar 2025ر.ق297.5bر.ق85.5bر.ق29.7b10.5x10x3.5x
Tue, 25 Feb 2025ر.ق311.2bر.ق85.5bر.ق29.7b11.5x10.5x3.6x
Thu, 23 Jan 2025ر.ق306.9bر.ق81.5bر.ق28.6b10.1x10.7x3.8x
Sat, 21 Dec 2024ر.ق314.6bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Mon, 18 Nov 2024ر.ق308.6bر.ق81.1bر.ق28.1b10.7x11x3.8x
Wed, 16 Oct 2024ر.ق319.4bر.ق81.0bر.ق28.0b11.1x11.4x3.9x
Fri, 13 Sep 2024ر.ق306.8bر.ق82.6bر.ق27.6b11.1x11.1x3.7x
Sun, 11 Aug 2024ر.ق289.5bر.ق82.4bر.ق27.6b10.4x10.5x3.5x
Tue, 09 Jul 2024ر.ق287.7bر.ق80.7bر.ق27.2b9.6x10.6x3.6x
Thu, 06 Jun 2024ر.ق267.2bر.ق80.7bر.ق27.2b9.4x9.8x3.3x
Sat, 04 May 2024ر.ق274.1bر.ق80.7bر.ق27.2b10x10.1x3.4x
Mon, 01 Apr 2024ر.ق282.0bر.ق77.0bر.ق26.6b10.2x10.6x3.7x
Wed, 28 Feb 2024ر.ق302.2bر.ق76.5bر.ق27.4b11x11x4x
Fri, 26 Jan 2024ر.ق310.0bر.ق75.2bر.ق26.5b12.9x11.7x4.1x
Sun, 24 Dec 2023ر.ق307.9bر.ق74.2bر.ق25.9b12.5x11.9x4.2x
Tue, 21 Nov 2023ر.ق303.6bر.ق74.2bر.ق25.9b12.3x11.7x4.1x
Thu, 19 Oct 2023ر.ق292.4bر.ق71.4bر.ق25.7b12.6x11.4x4.1x
Sat, 16 Sep 2023ر.ق298.2bر.ق70.5bر.ق25.4b12.5x11.7x4.2x
Mon, 14 Aug 2023ر.ق319.4bر.ق70.1bر.ق25.3b13.3x12.6x4.6x
Wed, 12 Jul 2023ر.ق301.8bر.ق68.0bر.ق25.0b13.7x12.1x4.4x
Fri, 09 Jun 2023ر.ق305.6bر.ق68.0bر.ق25.0b13.6x12.2x4.5x
Sun, 07 May 2023ر.ق311.8bر.ق67.4bر.ق24.7b13.3x12.6x4.6x
Tue, 04 Apr 2023ر.ق303.6bر.ق61.4bر.ق24.0b13.1x12.7x4.9x
Price to Earnings Ratio

12.7x


Total Market Cap: ر.ق303.6bTotal 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-1.70%
Financials-1.62%
Insurance-0.53%
Capital Markets-0.96%
Diversified Financial-0.99%
Banks-1.67%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.8x.
    • 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
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق22.601.7%
+ر.ق897.9m		9.9%PB1.6x
ABQK Ahli Bank Q.P.S.Cر.ق4.002.6%
+ر.ق255.1m		18.0%PB1.2x
MARK AlRayan Bank Q.P.S.Cر.ق2.190.7%
+ر.ق148.8m		-2.8%PB0.8x
QLMI QLM Life & Medical Insurance Company Q.P.S.Cر.ق2.343.7%
+ر.ق29.4m		23.0%PE12.5x
QISI Qatar Islamic Insurance Group Q.P.S.Cر.ق8.700.9%
+ر.ق12.2m		4.1%PE8.5x

Latest News

QLMI
ر.ق2.34
QLM Life & Medical Insurance Company Q.P.S.C
7D
3.7%
1Y
23.0%
MARK
ر.ق2.19
AlRayan Bank Q.P.S.C
7D
0.7%
1Y
-2.8%

MARK: Dividend Stability And Recent Approval Will Support Future Returns

Analysts have kept their QAR fair value estimate for AlRayan Bank Q.P.S.C. broadly unchanged, with only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to a stable overall price target and indicates that their core view on the bank remains intact.
QIIK
ر.ق11.07
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.4%
1Y
8.5%

QIIK: Additional Dividend Proposal And Steady Margins Will Support A Fairly Valued Outlook

Analysts have maintained their QAR 11.73 price target for Qatar International Islamic Bank (Q.P.S.C), citing essentially stable fair value estimates, discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations. 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) shareholders (Key Developments).
QNBK
ر.ق16.90
Qatar National Bank (Q.P.S.C.)
7D
-3.5%
1Y
5.0%
DHBK
ر.ق3.12
Doha Bank Q.P.S.C
7D
-3.7%
1Y
62.4%

DHBK: Future Returns Will Balance Cash Dividend Prospects With Margin And P/E Adjustments

Analysts have kept their QAR fair value estimate for Doha Bank Q.P.S.C. broadly unchanged around QAR 3.03, with only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E feeding into the latest price target update. What's in the News An ordinary general meeting is scheduled for April 2, 2026, to consider a recommended cash dividend of QAR 0.15 per share for shareholders (Key Developments).
DUBK
ر.ق3.39
Dukhan Bank Q.P.S.C
7D
-1.2%
1Y
-4.0%
CBQK
ر.ق4.16
Commercial Bank (P.S.Q.C.)
7D
-1.0%
1Y
-0.5%

CBQK: Lower Future P/E Will Likely Cap An Overextended Earnings Profile

Analysts have lowered their price target for Commercial Bank (P.S.Q.C.) to QAR 3.40 from QAR 3.58, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E multiples. Valuation Changes Fair Value: QAR 3.58 has been revised to QAR 3.40, indicating a small reduction in the estimated valuation per share.
ABQK
ر.ق4.00
Ahli Bank Q.P.S.C
7D
2.6%
1Y
18.0%
QIBK
ر.ق22.60
Qatar Islamic Bank (Q.P.S.C.)
7D
1.7%
1Y
9.9%
QATI
ر.ق2.32
Qatar Insurance Company Q.S.P.C
7D
-1.1%
1Y
26.4%
BEMA
ر.ق4.29
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
-1.4%
1Y
12.3%
AKHI
ر.ق2.24
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
0.04%
1Y
-1.9%
QISI
ر.ق8.70
Qatar Islamic Insurance Group Q.P.S.C
7D
0.9%
1Y
4.1%
QFBQ
ر.ق1.74
Lesha Bank
7D
-3.0%
1Y
38.6%

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