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Qatari (QE) Financials Sector Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies20
  • 7D2.7%
  • 3M3.1%
  • 1Y11.2%
  • YTD2.3%

Over the last 7 days, the Financials industry has risen 3.9%, driven by gains from Qatar National Bank (Q.P.S.C.) of 3.7%. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 9.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 18 Feb 2023ر.ق293.1bر.ق62.2bر.ق24.4b13.8x12x4.7x
Mon, 16 Jan 2023ر.ق312.0bر.ق60.3bر.ق23.8b14.4x13.1x5.2x
Price to Earnings Ratio

13.1x


Total Market Cap: ر.ق312.0bTotal Earnings: ر.ق23.8bTotal Revenue: ر.ق60.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Financials Sector Price to Earnings3Y Average 11.3x202420252026
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 11.3x.
  • 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 8.0% 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 Market2.11%
Financials2.69%
Diversified Financial3.31%
Insurance2.84%
Banks2.68%
Capital Markets0.40%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 20.0x.
    • 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 Diversified Financial industry, which is trading below its 3-year average of 14.3x.
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 9.6% 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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق19.353.7%
+ر.ق6.3b		14.6%PB1.5x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.456.0%
+ر.ق1.0b		4.7%PB0.7x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق24.201.0%
+ر.ق590.7m		16.9%PB1.8x
MARK AlRayan Bank Q.P.S.Cر.ق2.231.6%
+ر.ق334.8m		-9.4%PB0.8x
DHBK Doha Bank Q.P.S.Cر.ق2.973.5%
+ر.ق310.0m		45.8%PB0.6x

Latest News

MARK
ر.ق2.23
AlRayan Bank Q.P.S.C
7D
1.6%
1Y
-9.4%

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.
CBQK
ر.ق4.45
Commercial Bank (P.S.Q.C.)
7D
6.0%
1Y
4.7%
QISI
ر.ق8.78
Qatar Islamic Insurance Group Q.P.S.C
7D
-0.7%
1Y
2.2%
DHBK
ر.ق2.97
Doha Bank Q.P.S.C
7D
3.5%
1Y
45.8%

DHBK: Future Returns Will Reflect Stable Margins And Fine Tuned Risk Assumptions

Analysts have kept their fair value estimate for Doha Bank Q.P.S.C. unchanged, with only small adjustments to inputs such as the discount rate and forward P/E. This reflects fine tuning of their assumptions rather than a shift in their overall view.
DUBK
ر.ق3.53
Dukhan Bank Q.P.S.C
7D
1.1%
1Y
-4.5%
QNBK
ر.ق19.35
Qatar National Bank (Q.P.S.C.)
7D
3.7%
1Y
14.6%
QATI
ر.ق2.11
Qatar Insurance Company Q.S.P.C
7D
3.2%
1Y
0.3%
QIBK
ر.ق24.20
Qatar Islamic Bank (Q.P.S.C.)
7D
1.0%
1Y
16.9%

QIBK: Slightly Lower Discount Rate Will Support Stable Earnings Outlook

Analysts have trimmed their price target on Qatar Islamic Bank (Q.P.S.C.) slightly to QAR 26.23, reflecting fine-tuned assumptions around the bank's discount rate and valuation multiples, while keeping core earnings expectations largely unchanged. Valuation Changes Fair Value Estimate, unchanged at QAR 26.23 per share, indicating no revision to the intrinsic value assessment.
QGRI
ر.ق1.65
Qatar General Insurance & Reinsurance Company Q.P.S.C
7D
6.7%
1Y
39.9%
IHGS
ر.ق3.13
INMA Holding Company Q.P.S.C
7D
-1.9%
1Y
-16.7%
BEMA
ر.ق4.30
Damaan Islamic Insurance Company Beema (Q.P.S.C.)
7D
-1.1%
1Y
8.8%
ABQK
ر.ق3.73
Ahli Bank Q.P.S.C
7D
-0.6%
1Y
8.1%
QIIK
ر.ق11.36
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.6%
1Y
6.2%