Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Qatari (QE) Banks Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies9
  • 7D0.4%
  • 3M-6.3%
  • 1Y11.9%
  • YTD-2.1%

In the last week, the Banks industry is up 1.2%, with Qatar National Bank (Q.P.S.C.) up 2.6%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026ر.ق314.7bر.ق71.3bر.ق28.4b10.8x11.1x4.4x
Fri, 20 Mar 2026ر.ق305.9bر.ق70.3bر.ق28.5b11.2x10.7x4.4x
Sun, 15 Feb 2026ر.ق345.3bر.ق70.3bر.ق28.5b11.7x12.1x4.9x
Tue, 13 Jan 2026ر.ق335.5bر.ق69.9bر.ق28.5b12.1x11.8x4.8x
Thu, 11 Dec 2025ر.ق321.6bر.ق69.9bر.ق28.5b11.2x11.3x4.6x
Sat, 08 Nov 2025ر.ق322.5bر.ق69.9bر.ق28.5b11.7x11.3x4.6x
Mon, 06 Oct 2025ر.ق316.2bر.ق69.5bر.ق28.7b12.2x11x4.6x
Wed, 03 Sep 2025ر.ق327.2bر.ق69.5bر.ق28.7b12.7x11.4x4.7x
Fri, 01 Aug 2025ر.ق326.1bر.ق69.5bر.ق28.7b12.8x11.4x4.7x
Sun, 29 Jun 2025ر.ق305.2bر.ق69.3bر.ق28.5b11.8x10.7x4.4x
Tue, 27 May 2025ر.ق306.9bر.ق69.3bر.ق28.5b11.9x10.8x4.4x
Thu, 24 Apr 2025ر.ق285.7bر.ق69.4bر.ق28.5b10.8x10x4.1x
Sat, 22 Mar 2025ر.ق287.7bر.ق69.2bر.ق28.4b10.9x10.1x4.2x
Mon, 17 Feb 2025ر.ق296.0bر.ق69.2bر.ق28.4b11.3x10.4x4.3x
Wed, 15 Jan 2025ر.ق293.9bر.ق69.0bر.ق27.9b11.2x10.5x4.3x
Fri, 13 Dec 2024ر.ق301.9bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Sun, 10 Nov 2024ر.ق300.3bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Tue, 08 Oct 2024ر.ق296.5bر.ق68.9bر.ق27.6b11.8x10.7x4.3x
Thu, 05 Sep 2024ر.ق285.7bر.ق68.9bر.ق27.6b11.6x10.4x4.1x
Sat, 03 Aug 2024ر.ق278.1bر.ق68.9bر.ق27.6b11.8x10.1x4x
Mon, 01 Jul 2024ر.ق268.2bر.ق67.3bر.ق27.2b11.7x9.9x4x
Wed, 29 May 2024ر.ق249.0bر.ق67.3bر.ق27.2b11.7x9.2x3.7x
Fri, 26 Apr 2024ر.ق261.4bر.ق66.7bر.ق27.1b11.7x9.6x3.9x
Sun, 24 Mar 2024ر.ق279.9bر.ق64.0bر.ق26.5b12.7x10.5x4.4x
Tue, 20 Feb 2024ر.ق285.5bر.ق64.0bر.ق26.5b13.1x10.8x4.5x
Thu, 18 Jan 2024ر.ق296.3bر.ق61.7bر.ق25.8b12.4x11.5x4.8x
Sat, 16 Dec 2023ر.ق281.2bر.ق61.7bر.ق25.6b12.5x11x4.6x
Mon, 13 Nov 2023ر.ق283.5bر.ق61.7bر.ق25.6b12.3x11.1x4.6x
Wed, 11 Oct 2023ر.ق270.8bر.ق56.9bر.ق25.0b12.6x10.8x4.8x
Fri, 08 Sep 2023ر.ق280.7bر.ق56.9bر.ق25.1b12.6x11.2x4.9x
Sun, 06 Aug 2023ر.ق306.5bر.ق56.9bر.ق25.0b13.8x12.2x5.4x
Tue, 04 Jul 2023ر.ق286.0bر.ق54.8bر.ق24.8b13.4x11.5x5.2x
Thu, 01 Jun 2023ر.ق286.8bر.ق54.2bر.ق24.7b14x11.6x5.3x
Sat, 29 Apr 2023ر.ق279.1bر.ق50.6bر.ق23.7b12.3x11.8x5.5x
Price to Earnings Ratio

11.8x


Total Market Cap: ر.ق279.1bTotal Earnings: ر.ق23.7bTotal Revenue: ر.ق50.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 10.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Qatari Banks 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 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.2% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.43%
Financials0.35%
Banks0.35%
Regional Banks0.44%
Diversified Banks0.35%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 17.7x.
    • Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 30.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.1% 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.ق18.301.4%
+ر.ق2.3b		14.1%PB1.4x
DHBK Doha Bank Q.P.S.Cر.ق2.822.9%
+ر.ق248.0m		32.0%PB0.6x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.241.3%
+ر.ق211.9m		9.9%PB1.7x
QFBQ Lesha Bankر.ق1.933.0%
+ر.ق63.8m		44.9%PB1.4x
MARK AlRayan Bank Q.P.S.Cر.ق2.220.1%
+ر.ق27.9m		1.5%PB0.8x

Latest News

ABQK
ر.ق3.72
Ahli Bank Q.P.S.C
7D
-0.05%
1Y
2.9%
QIBK
ر.ق22.90
Qatar Islamic Bank (Q.P.S.C.)
7D
-2.8%
1Y
14.5%

QIBK: Dividend Proposals Will Support A Steady Yet More Cautious Outlook

The analyst price target for Qatar Islamic Bank (Q.P.S.C.) has been adjusted slightly lower to QAR 25.29 from QAR 26.13, as analysts factor in updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News An ordinary annual general assembly meeting is scheduled for March 9, 2026 to consider the board of directors' dividend proposal (Key Developments).
MARK
ر.ق2.22
AlRayan Bank Q.P.S.C
7D
0.1%
1Y
1.5%

MARK: Dividend Confirmation And Stable Assumptions Will Support Future Upside Potential

Analysts have slightly adjusted their price target for AlRayan Bank Q.P.S.C., with the updated fair value now set at QAR 2.49. This reflects only marginal changes to key inputs such as the discount rate, expected revenue trend and future P/E assumptions.
QIIK
ر.ق11.24
Qatar International Islamic Bank (Q.P.S.C)
7D
1.3%
1Y
9.9%

QIIK: High Cash Dividend Will Support Stable Outlook At Current Levels

Analysts have kept their QAR 11.73 price target for Qatar International Islamic Bank (Q.P.S.C) broadly unchanged, reflecting only very small tweaks to inputs such as discount rate, expected revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view. What's in the News At the annual general meeting on March 26, 2025, shareholders approved the Board of Directors’ recommendation to distribute full year 2025 cash dividends at 53% of the bank’s capital, equal to QAR 53 per share.
DHBK
ر.ق2.82
Doha Bank Q.P.S.C
7D
2.9%
1Y
32.0%

DHBK: Future Returns Will Reflect India Exit, Dividend Plan And Earnings Power

Analysts have updated their price target for Doha Bank Q.P.S.C. to QAR 3.03, keeping it aligned with prior fair value estimates while fine tuning inputs such as discount rate, revenue growth, profit margin and future P/E to reflect a slightly different balance of risk and earnings power. What's in the News An extraordinary general meeting on April 2, 2026 approved amendments to multiple articles of association, including articles 1, 3, 13, 23, 24, 25, 26, 28, 31, 48, and 69 (Key Developments).
DUBK
ر.ق3.50
Dukhan Bank Q.P.S.C
7D
0.1%
1Y
1.2%
CBQK
ر.ق4.36
Commercial Bank (P.S.Q.C.)
7D
-1.0%
1Y
5.0%

CBQK: Higher Margin Outlook And Lower P/E Are Expected To Support Upside

Analysts have slightly adjusted their QAR fair value estimate for Commercial Bank (P.S.Q.C.) to QAR 5.08, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: QAR 5.08, trimmed slightly from QAR 5.12 as updated inputs are reflected in the model.
QFBQ
ر.ق1.93
Lesha Bank
7D
3.0%
1Y
44.9%
QNBK
ر.ق18.30
Qatar National Bank (Q.P.S.C.)
7D
1.4%
1Y
14.1%

QNBK: Custody Alliance And Share Buybacks Will Support Future Upside Potential

Analysts have trimmed their QAR price target for Qatar National Bank (Q.P.S.C.) slightly to QAR22.25 from QAR22.50, reflecting marginally softer assumptions for revenue growth, profit margin and future P/E, while keeping the overall long term outlook broadly intact. What's in the News Qatar National Bank (Q.P.S.C.) and State Street Corporation agreed to work together on a new custody servicing model in Qatar, with formal service agreements to be finalized later, following a signing during the World Economic Forum in Davos in the presence of Qatar's Minister of Finance (Key Developments).