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Qatari (QE) Financials Sector Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.9%
  • 3M5.8%
  • 1Y15.4%
  • YTD4.3%

In the last week, the Financials industry is flat overall, with Qatar Islamic Bank (Q.P.S.C.) standing out by going down 3.8%. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 7.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 02 Mar 2023ر.ق306.9bر.ق62.2bر.ق24.4b13.6x12.6x4.9x
Sat, 28 Jan 2023ر.ق317.3bر.ق61.1bر.ق24.7b14.1x12.9x5.2x
Price to Earnings Ratio

12.9x


Total Market Cap: ر.ق317.3bTotal Earnings: ر.ق24.7bTotal 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 Market0.071%
Financials-0.95%
Diversified Financial0.64%
Capital Markets-0.68%
Insurance-0.81%
Banks-0.96%
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 Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
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
DUBK Dukhan Bank Q.P.S.Cر.ق3.600.8%
+ر.ق150.7m		1.0%PB1.2x
ABQK Ahli Bank Q.P.S.Cر.ق3.741.1%
+ر.ق102.0m		8.9%PB1.1x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.560.6%
+ر.ق101.2m		5.7%PB0.7x
BEMA Damaan Islamic Insurance Company Beema (Q.P.S.C.)ر.ق4.330.8%
+ر.ق6.6m		11.1%PE6.4x
QATI Qatar Insurance Company Q.S.P.Cر.ق2.110.09%
+ر.ق6.5m		-0.8%PE11.2x

Latest News

CBQK
ر.ق4.56
Commercial Bank (P.S.Q.C.)
7D
0.6%
1Y
5.7%

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.ق2.92
Doha Bank Q.P.S.C
7D
-0.2%
1Y
46.1%

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.ق24.30
Qatar Islamic Bank (Q.P.S.C.)
7D
-3.8%
1Y
19.8%
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
-2.0%
1Y
10.4%
QNBK
ر.ق19.90
Qatar National Bank (Q.P.S.C.)
7D
-0.5%
1Y
20.6%
ABQK
ر.ق3.74
Ahli Bank Q.P.S.C
7D
1.1%
1Y
8.9%
QLMI
ر.ق2.50
QLM Life & Medical Insurance Company Q.P.S.C
7D
-1.4%
1Y
21.9%
MARK
ر.ق2.30
AlRayan Bank Q.P.S.C
7D
-0.3%
1Y
-6.9%

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.ق8.83
Qatar Islamic Insurance Group Q.P.S.C
7D
0.2%
1Y
2.4%
DUBK
ر.ق3.60
Dukhan Bank Q.P.S.C
7D
0.8%
1Y
1.0%
DOHI
ر.ق2.71
Doha Insurance Group Q.P.S.C
7D
-1.2%
1Y
5.7%
QATI
ر.ق2.11
Qatar Insurance Company Q.S.P.C
7D
0.09%
1Y
-0.8%
SIIS
ر.ق0.78
Salam International Investment Limited Q.P.S.C
7D
0.6%
1Y
17.2%
BEMA
ر.ق4.33
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
0.8%
1Y
11.1%