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Qatari (QE) Financials Sector Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.7%
  • 3M-3.6%
  • 1Y7.3%
  • YTD-4.4%

Over the last 7 days, the Financials industry has dropped 2.7%, driven by Qatar National Bank (Q.P.S.C.) declining 3.0%. On the other hand Doha Bank Q.P.S.C is actually up 6.9%. Over the past 12 months, the industry was up 7.3%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026ر.ق320.7bر.ق88.1bر.ق29.9b10.9x10.7x3.6x
Tue, 17 Feb 2026ر.ق358.8bر.ق87.9bر.ق29.9b11.7x12x4.1x
Thu, 15 Jan 2026ر.ق353.0bر.ق87.0bر.ق29.9b11.6x11.8x4.1x
Sat, 13 Dec 2025ر.ق338.0bر.ق87.0bر.ق29.9b11x11.3x3.9x
Mon, 10 Nov 2025ر.ق336.1bر.ق87.0bر.ق29.9b10.8x11.2x3.9x
Wed, 08 Oct 2025ر.ق331.7bر.ق86.1bر.ق30.0b11.8x11.1x3.9x
Fri, 05 Sep 2025ر.ق338.9bر.ق86.1bر.ق30.0b11.9x11.3x3.9x
Sun, 03 Aug 2025ر.ق340.1bر.ق85.7bر.ق29.9b12.1x11.4x4x
Tue, 01 Jul 2025ر.ق321.5bر.ق85.5bر.ق29.8b11.9x10.8x3.8x
Thu, 29 May 2025ر.ق314.5bر.ق85.4bر.ق29.8b11.3x10.6x3.7x
Sat, 26 Apr 2025ر.ق300.0bر.ق85.5bر.ق29.7b10.7x10.1x3.5x
Mon, 24 Mar 2025ر.ق297.6bر.ق85.5bر.ق29.7b10.6x10x3.5x
Wed, 19 Feb 2025ر.ق310.9bر.ق85.4bر.ق29.6b11.5x10.5x3.6x
Fri, 17 Jan 2025ر.ق309.1bر.ق82.4bر.ق28.8b10.3x10.7x3.8x
Sun, 15 Dec 2024ر.ق315.7bر.ق81.1bر.ق28.1b10.6x11.2x3.9x
Tue, 12 Nov 2024ر.ق316.0bر.ق81.1bر.ق28.1b10.8x11.2x3.9x
Thu, 10 Oct 2024ر.ق314.8bر.ق81.4bر.ق27.7b11.1x11.4x3.9x
Sat, 07 Sep 2024ر.ق300.2bر.ق82.6bر.ق27.6b11.2x10.9x3.6x
Mon, 05 Aug 2024ر.ق290.2bر.ق82.4bر.ق27.6b9.9x10.5x3.5x
Wed, 03 Jul 2024ر.ق283.6bر.ق80.7bر.ق27.2b9.6x10.4x3.5x
Fri, 31 May 2024ر.ق264.1bر.ق80.7bر.ق27.2b9.5x9.7x3.3x
Sun, 28 Apr 2024ر.ق275.2bر.ق80.1bر.ق27.2b10.1x10.1x3.4x
Tue, 26 Mar 2024ر.ق288.2bر.ق77.0bر.ق26.6b10.7x10.8x3.7x
Thu, 22 Feb 2024ر.ق301.0bر.ق75.8bر.ق27.4b11.2x11x4x
Sat, 20 Jan 2024ر.ق310.3bر.ق74.6bر.ق26.5b12.7x11.7x4.2x
Mon, 18 Dec 2023ر.ق296.3bر.ق74.2bر.ق25.9b12.5x11.4x4x
Wed, 15 Nov 2023ر.ق299.5bر.ق74.2bر.ق25.9b12.3x11.5x4x
Fri, 13 Oct 2023ر.ق298.7bر.ق71.4bر.ق25.7b12.6x11.6x4.2x
Sun, 10 Sep 2023ر.ق295.8bر.ق70.5bر.ق25.4b12.6x11.6x4.2x
Tue, 08 Aug 2023ر.ق322.4bر.ق70.1bر.ق25.3b13.7x12.8x4.6x
Thu, 06 Jul 2023ر.ق305.6bر.ق68.0bر.ق25.0b13.9x12.2x4.5x
Sat, 03 Jun 2023ر.ق303.7bر.ق67.3bر.ق24.9b13.8x12.2x4.5x
Mon, 01 May 2023ر.ق292.1bر.ق63.8bر.ق23.7b12.8x12.3x4.6x
Wed, 29 Mar 2023ر.ق306.1bر.ق61.3bر.ق24.0b13.4x12.7x5x
Price to Earnings Ratio

12.7x


Total Market Cap: ر.ق306.1bTotal Earnings: ر.ق24.0bTotal Revenue: ر.ق61.3bTotal 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 7.5% 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-1.49%
Financials-2.66%
Diversified Financial-0.62%
Insurance-0.92%
Capital Markets-1.18%
Banks-2.74%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.3x.
    • 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 8.5% 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
DHBK Doha Bank Q.P.S.Cر.ق3.246.9%
+ر.ق651.1m		68.8%PB0.6x
ABQK Ahli Bank Q.P.S.Cر.ق3.901.3%
+ر.ق127.6m		15.1%PB1.1x
QFBQ Lesha Bankر.ق1.793.9%
+ر.ق75.0m		43.2%PB1.3x
BEMA Damaan Islamic Insurance Company Beema (Q.P.S.C.)ر.ق4.353.6%
+ر.ق30.0m		12.1%PE8.1x
QISI Qatar Islamic Insurance Group Q.P.S.Cر.ق8.622.3%
+ر.ق29.0m		-4.7%PE8.5x

Latest News

QNBK
ر.ق17.51
Qatar National Bank (Q.P.S.C.)
7D
-3.0%
1Y
8.7%
DHBK
ر.ق3.24
Doha Bank Q.P.S.C
7D
6.9%
1Y
68.8%

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).
QOIS
ر.ق0.70
Qatar Oman Investment Company Q.S.C
7D
0.6%
1Y
-39.9%
DUBK
ر.ق3.43
Dukhan Bank Q.P.S.C
7D
-1.4%
1Y
-5.5%
CBQK
ر.ق4.20
Commercial Bank (P.S.Q.C.)
7D
-10.0%
1Y
-7.6%

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.
DBIS
ر.ق0.90
Dlala Brokerage and Investment Holding Company Q.P.S.C
7D
0.4%
1Y
-13.5%
QGRI
ر.ق1.20
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
-7.8%
1Y
5.3%
DOHI
ر.ق2.60
Doha Insurance Group Q.P.S.C
7D
0.3%
1Y
7.4%
ABQK
ر.ق3.90
Ahli Bank Q.P.S.C
7D
1.3%
1Y
15.1%
MARK
ر.ق2.17
AlRayan Bank Q.P.S.C
7D
-6.2%
1Y
-5.2%

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.ق11.11
Qatar International Islamic Bank (Q.P.S.C)
7D
-1.3%
1Y
7.1%

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.ق22.22
Qatar Islamic Bank (Q.P.S.C.)
7D
-1.6%
1Y
7.9%
BEMA
ر.ق4.35
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
3.6%
1Y
12.1%
QLMI
ر.ق2.26
QLM Life & Medical Insurance Company Q.P.S.C
7D
-2.8%
1Y
14.5%
QISI
ر.ق8.62
Qatar Islamic Insurance Group Q.P.S.C
7D
2.3%
1Y
-4.7%
QFBQ
ر.ق1.79
Lesha Bank
7D
3.9%
1Y
43.2%

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