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Qatari (QE) Banks Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies9
  • 7D1.0%
  • 3M9.0%
  • 1Y17.6%
  • YTD7.4%

All of the companies in the Banks industry have been up over the last week, with the industry up 1.0%. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 8.5% per annum.

Industry Valuation and Performance

Has the Qatari Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026ر.ق345.3bر.ق70.3bر.ق28.5b11.7x12.1x4.9x
Mon, 12 Jan 2026ر.ق333.5bر.ق69.9bر.ق28.5b12.2x11.7x4.8x
Wed, 10 Dec 2025ر.ق319.5bر.ق69.9bر.ق28.5b11.2x11.2x4.6x
Fri, 07 Nov 2025ر.ق322.5bر.ق69.9bر.ق28.5b11.7x11.3x4.6x
Sun, 05 Oct 2025ر.ق313.8bر.ق69.5bر.ق28.7b12.2x10.9x4.5x
Tue, 02 Sep 2025ر.ق326.6bر.ق69.5bر.ق28.7b12.6x11.4x4.7x
Thu, 31 Jul 2025ر.ق322.7bر.ق69.5bر.ق28.7b12.5x11.3x4.6x
Sat, 28 Jun 2025ر.ق305.2bر.ق69.3bر.ق28.5b11.8x10.7x4.4x
Mon, 26 May 2025ر.ق307.5bر.ق69.3bر.ق28.5b12x10.8x4.4x
Wed, 23 Apr 2025ر.ق283.4bر.ق69.4bر.ق28.5b10.7x10x4.1x
Fri, 21 Mar 2025ر.ق287.7bر.ق69.2bر.ق28.4b10.9x10.1x4.2x
Sun, 16 Feb 2025ر.ق295.7bر.ق69.2bر.ق28.4b11.4x10.4x4.3x
Tue, 14 Jan 2025ر.ق288.9bر.ق69.0bر.ق27.9b11x10.3x4.2x
Thu, 12 Dec 2024ر.ق301.8bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Sat, 09 Nov 2024ر.ق300.3bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Mon, 07 Oct 2024ر.ق296.2bر.ق68.9bر.ق27.6b11.8x10.7x4.3x
Wed, 04 Sep 2024ر.ق287.0bر.ق68.9bر.ق27.6b11.7x10.4x4.2x
Fri, 02 Aug 2024ر.ق278.0bر.ق68.9bر.ق27.6b11.8x10.1x4x
Sun, 30 Jun 2024ر.ق268.0bر.ق67.3bر.ق27.2b11.7x9.9x4x
Tue, 28 May 2024ر.ق247.4bر.ق67.3bر.ق27.2b11.7x9.1x3.7x
Thu, 25 Apr 2024ر.ق261.4bر.ق66.7bر.ق27.1b11.7x9.6x3.9x
Sat, 23 Mar 2024ر.ق279.9bر.ق64.0bر.ق26.5b12.7x10.5x4.4x
Mon, 19 Feb 2024ر.ق284.1bر.ق64.0bر.ق26.5b13.1x10.7x4.4x
Wed, 17 Jan 2024ر.ق299.3bر.ق61.7bر.ق25.8b12.5x11.6x4.9x
Fri, 15 Dec 2023ر.ق280.7bر.ق61.7bر.ق25.6b12.5x11x4.6x
Sun, 12 Nov 2023ر.ق283.5bر.ق61.7bر.ق25.6b12.3x11.1x4.6x
Tue, 10 Oct 2023ر.ق270.1bر.ق56.9bر.ق25.0b12.6x10.8x4.7x
Thu, 07 Sep 2023ر.ق279.7bر.ق56.9bر.ق25.1b12.6x11.2x4.9x
Sat, 05 Aug 2023ر.ق306.5bر.ق56.9bر.ق25.0b13.8x12.2x5.4x
Mon, 03 Jul 2023ر.ق287.2bر.ق54.8bر.ق24.8b13.4x11.6x5.2x
Wed, 31 May 2023ر.ق290.8bر.ق54.2bر.ق24.7b14x11.8x5.4x
Fri, 28 Apr 2023ر.ق279.1bر.ق50.6bر.ق23.7b12.3x11.8x5.5x
Sun, 26 Mar 2023ر.ق283.1bر.ق48.0bر.ق23.5b12.4x12x5.9x
Tue, 21 Feb 2023ر.ق286.2bر.ق48.0bر.ق23.5b13.1x12.2x6x
Price to Earnings Ratio

12.2x


Total Market Cap: ر.ق286.2bTotal Earnings: ر.ق23.5bTotal Revenue: ر.ق48.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 10.9x202420252026
Current Industry PE
  • Investors are optimistic on the Qatari Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.1x which is higher than its 3-year average PE of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 14% 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 industry?

QA Market0.99%
Financials1.03%
Banks1.04%
Regional Banks4.12%
Diversified Banks0.84%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.5% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Diversified 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
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق25.492.1%
+ر.ق1.3b		20.9%PB1.8x
DUBK Dukhan Bank Q.P.S.Cر.ق3.654.4%
+ر.ق805.3m		-3.1%PB1.2x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.752.8%
+ر.ق484.4m		8.8%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.881.8%
+ر.ق340.0m		6.7%PB0.7x
QNBK Qatar National Bank (Q.P.S.C.)ر.ق20.400.1%
+ر.ق273.4m		23.6%PB1.5x

Latest News

QNBK
ر.ق20.40
Qatar National Bank (Q.P.S.C.)
7D
0.1%
1Y
23.6%

QNBK: Custody Partnership And Buybacks Will Support Future Gulf Expansion

Analysts have made a minor adjustment to their price target for Qatar National Bank (Q.P.S.C.) to QAR 22.64 from QAR 22.75, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E levels. What's in the News State Street Corporation and QNB Group agreed to work together on a new custody servicing model in Qatar, with service agreements to be finalized later.
QIBK
ر.ق25.49
Qatar Islamic Bank (Q.P.S.C.)
7D
2.1%
1Y
20.9%

QIBK: Future Return Assumptions Will Support A Steady Yet Cautious Outlook

Analysts have slightly reduced their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR 26.13, down from QAR 26.27, reflecting updated views on discount rates, revenue trends, profit margins and future P/E assumptions. Valuation Changes Fair Value Estimate: Trimmed slightly from QAR 26.27 to QAR 26.13, reflecting modest updates to the valuation inputs.
MARK
ر.ق2.36
AlRayan Bank Q.P.S.C
7D
0.8%
1Y
-1.3%

MARK: Higher Margin Assumptions And Lower P/E Will Shape Future Returns

Analysts have adjusted their price targets for AlRayan Bank Q.P.S.C., reflecting updated assumptions that now combine a slightly lower discount rate, weaker revenue growth expectations, a higher profit margin of about 95% and a modestly lower forward P/E of roughly 24.5x. What's in the News A board meeting is scheduled for January 21, 2026, to consider approval of AlRayan Bank Q.P.S.C.'s 2025 financial results (Key Developments).
DUBK
ر.ق3.65
Dukhan Bank Q.P.S.C
7D
4.4%
1Y
-3.1%
CBQK
ر.ق4.88
Commercial Bank (P.S.Q.C.)
7D
1.8%
1Y
6.7%

CBQK: Higher Forward P/E Will Likely Sustain An Overstretched Earnings Profile

Analysts have nudged their price target for Commercial Bank (P.S.Q.C.) higher from QAR 3.43 to about QAR 3.50, citing updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E that slightly adjust the bank’s risk and earnings profile. Valuation Changes Fair Value: The analyst fair value estimate has edged higher from QAR 3.43 to QAR 3.50.
DHBK
ر.ق2.87
Doha Bank Q.P.S.C
7D
1.7%
1Y
38.7%

DHBK: Future Returns Will Balance Modest Upside With Dividend And Margin Uncertainty

Analysts have slightly raised their fair value estimate for Doha Bank Q.P.S.C. to what they view as an updated price target of QAR 3.10 per share, up from QAR 3.07, reflecting refreshed assumptions on discount rate, revenue growth, profit margin and future P/E levels. What's in the News A board meeting is scheduled for January 19, 2026, to consider a recommendation for cash dividends of QAR 0.15 per share.
QIIK
ر.ق11.75
Qatar International Islamic Bank (Q.P.S.C)
7D
2.8%
1Y
8.8%
ABQK
ر.ق3.81
Ahli Bank Q.P.S.C
7D
0.4%
1Y
8.9%