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Qatari (QE) Banks Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies9
  • 7D1.0%
  • 3M6.4%
  • 1Y16.3%
  • YTD6.7%

In the last week, the Banks industry is up 1.0%, with Qatar National Bank (Q.P.S.C.) up 2.9%. In the last 12 months, the industry was up 16%. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026ر.ق342.9bر.ق70.1bر.ق28.4b11.9x12.1x4.9x
Sun, 04 Jan 2026ر.ق320.1bر.ق69.9bر.ق28.5b12.1x11.2x4.6x
Tue, 02 Dec 2025ر.ق312.0bر.ق69.9bر.ق28.5b11.3x11x4.5x
Thu, 30 Oct 2025ر.ق318.6bر.ق70.0bر.ق28.5b11.9x11.2x4.6x
Sat, 27 Sep 2025ر.ق315.5bر.ق69.5bر.ق28.7b12.4x11x4.5x
Mon, 25 Aug 2025ر.ق330.3bر.ق69.5bر.ق28.7b13x11.5x4.8x
Wed, 23 Jul 2025ر.ق319.4bر.ق69.5bر.ق28.6b13x11.2x4.6x
Fri, 20 Jun 2025ر.ق296.4bر.ق69.3bر.ق28.5b11.4x10.4x4.3x
Sun, 18 May 2025ر.ق301.9bر.ق69.3bر.ق28.5b11.5x10.6x4.4x
Tue, 15 Apr 2025ر.ق283.0bر.ق69.5bر.ق28.5b11.1x9.9x4.1x
Thu, 13 Mar 2025ر.ق292.6bر.ق69.2bر.ق28.4b10.7x10.3x4.2x
Sat, 08 Feb 2025ر.ق295.4bر.ق69.4bر.ق28.4b11.2x10.4x4.3x
Mon, 06 Jan 2025ر.ق299.8bر.ق69.0bر.ق27.9b11.5x10.7x4.3x
Wed, 04 Dec 2024ر.ق297.3bر.ق69.0bر.ق27.9b11.4x10.6x4.3x
Fri, 01 Nov 2024ر.ق298.5bر.ق69.0bر.ق27.9b11.6x10.7x4.3x
Sun, 29 Sep 2024ر.ق299.1bر.ق68.9bر.ق27.6b11.7x10.8x4.3x
Tue, 27 Aug 2024ر.ق282.4bر.ق68.9bر.ق27.6b11.6x10.2x4.1x
Thu, 25 Jul 2024ر.ق276.0bر.ق68.9bر.ق27.6b11.9x10x4x
Sat, 22 Jun 2024ر.ق260.5bر.ق67.3bر.ق27.2b11.9x9.6x3.9x
Mon, 20 May 2024ر.ق260.2bر.ق67.3bر.ق27.2b11.7x9.6x3.9x
Wed, 17 Apr 2024ر.ق267.9bر.ق65.9bر.ق26.8b12.2x10x4.1x
Fri, 15 Mar 2024ر.ق282.0bر.ق64.0bر.ق26.5b12.7x10.6x4.4x
Sun, 11 Feb 2024ر.ق280.5bر.ق63.8bر.ق26.5b11.7x10.6x4.4x
Tue, 09 Jan 2024ر.ق301.7bر.ق61.7bر.ق25.6b13.3x11.8x4.9x
Thu, 07 Dec 2023ر.ق282.4bر.ق61.7bر.ق25.6b11.8x11x4.6x
Sat, 04 Nov 2023ر.ق272.4bر.ق60.6bر.ق25.5b12.8x10.7x4.5x
Mon, 02 Oct 2023ر.ق278.1bر.ق56.9bر.ق25.0b12.6x11.1x4.9x
Wed, 30 Aug 2023ر.ق292.2bر.ق56.9bر.ق25.1b12.5x11.7x5.1x
Fri, 28 Jul 2023ر.ق306.7bر.ق56.7bر.ق25.1b13.8x12.2x5.4x
Sun, 25 Jun 2023ر.ق284.7bر.ق54.8bر.ق24.8b13.4x11.5x5.2x
Tue, 23 May 2023ر.ق300.9bر.ق54.2bر.ق24.7b14x12.2x5.6x
Thu, 20 Apr 2023ر.ق276.0bر.ق50.4bر.ق23.6b12.1x11.7x5.5x
Sat, 18 Mar 2023ر.ق279.5bر.ق48.0bر.ق23.5b11.9x11.9x5.8x
Mon, 13 Feb 2023ر.ق270.2bر.ق48.1bر.ق23.6b11.2x11.5x5.6x
Price to Earnings Ratio

11.5x


Total Market Cap: ر.ق270.2bTotal Earnings: ر.ق23.6bTotal Revenue: ر.ق48.1bTotal 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 6.4% 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 industry?

QA Market0.16%
Financials1.15%
Banks1.02%
Diversified Banks1.21%
Regional Banks-1.84%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.5x.
    • 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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق20.372.9%
+ر.ق5.2b		22.7%PB1.5x
MARK AlRayan Bank Q.P.S.Cر.ق2.342.9%
+ر.ق623.1m		-1.6%PB0.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.801.0%
+ر.ق198.3m		5.5%PB0.7x
DHBK Doha Bank Q.P.S.Cر.ق2.822.2%
+ر.ق189.1m		38.5%PB0.6x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.430.2%
+ر.ق30.3m		6.3%PB1.7x

Latest News

DUBK
ر.ق3.49
Dukhan Bank Q.P.S.C
7D
-2.1%
1Y
-6.4%
QFBQ
ر.ق1.83
Lesha Bank
7D
-2.6%
1Y
36.4%

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
CBQK
ر.ق4.80
Commercial Bank (P.S.Q.C.)
7D
1.0%
1Y
5.5%

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.ق2.82
Doha Bank Q.P.S.C
7D
2.2%
1Y
38.5%

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.ق11.43
Qatar International Islamic Bank (Q.P.S.C)
7D
0.2%
1Y
6.3%
QNBK
ر.ق20.37
Qatar National Bank (Q.P.S.C.)
7D
2.9%
1Y
22.7%
QIBK
ر.ق24.96
Qatar Islamic Bank (Q.P.S.C.)
7D
-0.2%
1Y
19.8%

QIBK: Updated Assumptions Will Support A Steady Yet Cautious Fair Value Outlook

Analysts have made a small upward revision to their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR26.27 from QAR26.20, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value Estimate was revised slightly higher from QAR26.20 to QAR26.27.
MARK
ر.ق2.34
AlRayan Bank Q.P.S.C
7D
2.9%
1Y
-1.6%

MARK: Higher Future P/E And Stronger Margins Will Support Further Upside

Analysts have revised their price target on AlRayan Bank Q.P.S.C., citing a higher assumed future P/E of 26.16x and a stronger profit margin of 75.65%, while also accounting for a steeper 37.15% revenue contraction. What's in the News AlRayan Bank Q.P.S.C. has scheduled a board meeting for Jan 21, 2026.
ABQK
ر.ق3.80
Ahli Bank Q.P.S.C
7D
-1.0%
1Y
9.0%