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Qatari (QE) Banks Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies9
  • 7D-2.8%
  • 3M8.7%
  • 1Y13.1%
  • YTD4.4%

Over the last 7 days, the Banks industry has dropped 2.8%, driven by a pullback from Qatar National Bank (Q.P.S.C.) of 3.5%. In the past year, the industry has gained 13%. Looking forward, earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026ر.ق335.6bر.ق70.3bر.ق28.5b11.3x11.8x4.8x
Mon, 19 Jan 2026ر.ق334.1bر.ق70.5bر.ق28.9b12.1x11.6x4.7x
Wed, 17 Dec 2025ر.ق318.6bر.ق69.9bر.ق28.5b11.4x11.2x4.6x
Fri, 14 Nov 2025ر.ق316.9bر.ق69.9bر.ق28.5b11.3x11.1x4.5x
Sun, 12 Oct 2025ر.ق319.0bر.ق70.0bر.ق28.6b12.4x11.2x4.6x
Tue, 09 Sep 2025ر.ق325.3bر.ق69.5bر.ق28.7b12.6x11.3x4.7x
Thu, 07 Aug 2025ر.ق327.8bر.ق69.5bر.ق28.7b12.6x11.4x4.7x
Sat, 05 Jul 2025ر.ق308.8bر.ق69.3bر.ق28.5b11.9x10.8x4.5x
Mon, 02 Jun 2025ر.ق301.7bر.ق69.3bر.ق28.5b11.4x10.6x4.4x
Wed, 30 Apr 2025ر.ق289.6bر.ق69.3bر.ق28.5b11x10.2x4.2x
Fri, 28 Mar 2025ر.ق284.0bر.ق69.2bر.ق28.4b10.9x10x4.1x
Sun, 23 Feb 2025ر.ق298.8bر.ق69.2bر.ق28.4b11.5x10.5x4.3x
Tue, 21 Jan 2025ر.ق292.5bر.ق69.4bر.ق28.4b11x10.3x4.2x
Thu, 19 Dec 2024ر.ق300.4bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Sat, 16 Nov 2024ر.ق297.3bر.ق69.0bر.ق27.9b11.6x10.6x4.3x
Mon, 14 Oct 2024ر.ق299.9bر.ق68.4bر.ق27.9b11.8x10.8x4.4x
Wed, 11 Sep 2024ر.ق284.3bر.ق68.9bر.ق27.6b11.6x10.3x4.1x
Fri, 09 Aug 2024ر.ق275.9bر.ق68.9bر.ق27.6b11.6x10x4x
Sun, 07 Jul 2024ر.ق272.2bر.ق67.3bر.ق27.2b11.7x10x4x
Tue, 04 Jun 2024ر.ق253.1bر.ق67.3bر.ق27.2b11.7x9.3x3.8x
Thu, 02 May 2024ر.ق262.2bر.ق67.1bر.ق27.1b11.8x9.7x3.9x
Sat, 30 Mar 2024ر.ق271.2bر.ق64.0bر.ق26.5b13.3x10.2x4.2x
Mon, 26 Feb 2024ر.ق284.1bر.ق64.0bر.ق26.5b13x10.7x4.4x
Wed, 24 Jan 2024ر.ق295.2bر.ق62.1bر.ق25.9b12.8x11.4x4.7x
Fri, 22 Dec 2023ر.ق292.7bر.ق61.7bر.ق25.6b12.5x11.4x4.7x
Sun, 19 Nov 2023ر.ق288.7bر.ق61.7bر.ق25.6b12.3x11.3x4.7x
Tue, 17 Oct 2023ر.ق281.4bر.ق59.0bر.ق25.3b12.6x11.1x4.8x
Thu, 14 Sep 2023ر.ق283.1bر.ق56.9bر.ق25.1b12.6x11.3x5x
Sat, 12 Aug 2023ر.ق303.4bر.ق56.9bر.ق25.0b13.5x12.1x5.3x
Mon, 10 Jul 2023ر.ق291.6bر.ق54.8bر.ق24.8b13.9x11.8x5.3x
Wed, 07 Jun 2023ر.ق290.7bر.ق54.7bر.ق24.8b14x11.7x5.3x
Fri, 05 May 2023ر.ق298.9bر.ق54.3bر.ق24.9b13.8x12x5.5x
Sun, 02 Apr 2023ر.ق290.4bر.ق48.2bر.ق23.4b12.5x12.4x6x
Tue, 28 Feb 2023ر.ق294.2bر.ق48.0bر.ق23.5b12.5x12.5x6.1x
Price to Earnings Ratio

12.5x


Total Market Cap: ر.ق294.2bTotal 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 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 4.6x.
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 Market-2.50%
Financials-2.63%
Banks-2.78%
Diversified Banks-2.78%
Regional Banks-2.80%
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.
    • 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 10.7x.
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 8.6% 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
DHBK Doha Bank Q.P.S.Cر.ق2.963.1%
+ر.ق275.9m		44.2%PB0.6x
QFBQ Lesha Bankر.ق1.881.7%
+ر.ق35.8m		39.3%PB1.4x
ABQK Ahli Bank Q.P.S.Cر.ق3.830.4%
+ر.ق35.7m		5.3%PB1.1x

Latest News

DHBK
ر.ق2.96
Doha Bank Q.P.S.C
7D
3.1%
1Y
44.2%

DHBK: Future Returns Will Balance Dividend Prospects With Stable Margin Outlook

Analysts have kept their price target on Doha Bank Q.P.S.C. broadly unchanged at around QAR 3.10, reflecting only very small adjustments to inputs such as the discount rate, revenue growth assumptions, profit margin and the expected future P/E multiple. What's in the News A board meeting is scheduled for January 19, 2026, for Doha Bank Q.P.S.C. to consider recommending a cash dividend distribution.
QIBK
ر.ق24.69
Qatar Islamic Bank (Q.P.S.C.)
7D
-3.1%
1Y
15.2%
ABQK
ر.ق3.83
Ahli Bank Q.P.S.C
7D
0.4%
1Y
5.3%
CBQK
ر.ق4.86
Commercial Bank (P.S.Q.C.)
7D
-0.5%
1Y
6.3%

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

Analysts have lifted their price target for Commercial Bank (P.S.Q.C.) to QAR 3.58 from QAR 3.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. Valuation Changes Fair Value: Updated to QAR 3.58 from QAR 3.50, reflecting a small upward adjustment in the underlying model assumptions.
QNBK
ر.ق19.68
Qatar National Bank (Q.P.S.C.)
7D
-3.5%
1Y
17.5%

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.
MARK
ر.ق2.33
AlRayan Bank Q.P.S.C
7D
-1.2%
1Y
-2.9%

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.ق3.53
Dukhan Bank Q.P.S.C
7D
-3.3%
1Y
-4.5%
QFBQ
ر.ق1.88
Lesha Bank
7D
1.7%
1Y
39.3%

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
QIIK
ر.ق11.40
Qatar International Islamic Bank (Q.P.S.C)
7D
-3.0%
1Y
5.7%