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Qatari (QE) Financials Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies20
  • 7D1.1%
  • 3M-5.6%
  • 1Y13.0%
  • YTD-1.5%

In the last week, Financials has been flat. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to grow by 8.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026ر.ق330.5bر.ق89.1bر.ق29.8b10.6x11.1x3.7x
Thu, 19 Mar 2026ر.ق320.7bر.ق88.1bر.ق29.9b10.9x10.7x3.6x
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
Price to Earnings Ratio

12.3x


Total Market Cap: ر.ق291.8bTotal Earnings: ر.ق23.7bTotal Revenue: ر.ق63.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Financials Sector Price to Earnings3Y Average 11.1x202420252026
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 11.1x.
  • 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 8.0% 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 Market1.07%
Financials1.10%
Capital Markets2.59%
Diversified Financial2.15%
Banks1.21%
Insurance-1.58%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 21.9x.
    • 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 8.3% 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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق18.352.6%
+ر.ق4.2b		15.3%PB1.4x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.401.5%
+ر.ق271.2m		6.8%PB0.7x
MARK AlRayan Bank Q.P.S.Cر.ق2.221.1%
+ر.ق232.5m		1.5%PB0.8x
DHBK Doha Bank Q.P.S.Cر.ق2.822.5%
+ر.ق217.0m		40.7%PB0.6x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.231.0%
+ر.ق166.5m		10.2%PB1.7x

Latest News

MARK
ر.ق2.22
AlRayan Bank Q.P.S.C
7D
1.1%
1Y
1.5%

MARK: Dividend Confirmation And Stable Assumptions Will Support Future Upside Potential

Analysts have slightly adjusted their price target for AlRayan Bank Q.P.S.C., with the updated fair value now set at QAR 2.49. This reflects only marginal changes to key inputs such as the discount rate, expected revenue trend and future P/E assumptions.
QIIK
ر.ق11.23
Qatar International Islamic Bank (Q.P.S.C)
7D
1.0%
1Y
10.2%

QIIK: High Cash Dividend Will Support Stable Outlook At Current Levels

Analysts have kept their QAR 11.73 price target for Qatar International Islamic Bank (Q.P.S.C) broadly unchanged, reflecting only very small tweaks to inputs such as discount rate, expected revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view. What's in the News At the annual general meeting on March 26, 2025, shareholders approved the Board of Directors’ recommendation to distribute full year 2025 cash dividends at 53% of the bank’s capital, equal to QAR 53 per share.
DHBK
ر.ق2.82
Doha Bank Q.P.S.C
7D
2.5%
1Y
40.7%

DHBK: Future Returns Will Reflect India Exit, Dividend Plan And Earnings Power

Analysts have updated their price target for Doha Bank Q.P.S.C. to QAR 3.03, keeping it aligned with prior fair value estimates while fine tuning inputs such as discount rate, revenue growth, profit margin and future P/E to reflect a slightly different balance of risk and earnings power. What's in the News An extraordinary general meeting on April 2, 2026 approved amendments to multiple articles of association, including articles 1, 3, 13, 23, 24, 25, 26, 28, 31, 48, and 69 (Key Developments).
QIBK
ر.ق23.02
Qatar Islamic Bank (Q.P.S.C.)
7D
-2.5%
1Y
14.7%
DUBK
ر.ق3.49
Dukhan Bank Q.P.S.C
7D
0.5%
1Y
0.6%
QGRI
ر.ق1.45
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-1.0%
1Y
34.8%
CBQK
ر.ق4.40
Commercial Bank (P.S.Q.C.)
7D
1.5%
1Y
6.8%

CBQK: Higher Margin Outlook And Lower P/E Are Expected To Support Upside

Analysts have slightly adjusted their QAR fair value estimate for Commercial Bank (P.S.Q.C.) to QAR 5.08, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: QAR 5.08, trimmed slightly from QAR 5.12 as updated inputs are reflected in the model.
IHGS
ر.ق2.80
INMA Holding Company Q.P.S.C
7D
-2.6%
1Y
-22.5%
QNBK
ر.ق18.35
Qatar National Bank (Q.P.S.C.)
7D
2.6%
1Y
15.3%

QNBK: Custody Alliance And Share Buybacks Will Support Future Upside Potential

Analysts have trimmed their QAR price target for Qatar National Bank (Q.P.S.C.) slightly to QAR22.25 from QAR22.50, reflecting marginally softer assumptions for revenue growth, profit margin and future P/E, while keeping the overall long term outlook broadly intact. What's in the News Qatar National Bank (Q.P.S.C.) and State Street Corporation agreed to work together on a new custody servicing model in Qatar, with formal service agreements to be finalized later, following a signing during the World Economic Forum in Davos in the presence of Qatar's Minister of Finance (Key Developments).
BEMA
ر.ق4.43
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
5.3%
1Y
18.7%
AKHI
ر.ق2.52
Al Khaleej Takaful Insurance Company Q.P.S.C
7D
-4.8%
1Y
10.8%
SIIS
ر.ق0.76
Salam International Investment Limited Q.P.S.C
7D
2.2%
1Y
20.9%
ABQK
ر.ق3.72
Ahli Bank Q.P.S.C
7D
-0.3%
1Y
4.3%
DOHI
ر.ق2.78
Doha Insurance Group Q.P.S.C
7D
-2.0%
1Y
12.7%
QATI
ر.ق2.24
Qatar Insurance Company Q.S.P.C
7D
-2.6%
1Y
23.1%