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Qatari (QE) Banks Industry Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies9
  • 7D2.0%
  • 3M0.3%
  • 1Y7.3%
  • YTD8.0%

In the last week, the Banks industry is up 1.9%, with Qatar National Bank (Q.P.S.C.) up 3.4%. This means that the industry has gained 7.2% over the past year. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 27 Mar 2023ر.ق289.1bر.ق48.0bر.ق23.5b12.6x12.3x6x
Wed, 22 Feb 2023ر.ق285.3bر.ق48.0bر.ق23.5b12.9x12.1x5.9x
Fri, 20 Jan 2023ر.ق290.1bر.ق46.9bر.ق23.1b12x12.5x6.2x
Sun, 18 Dec 2022ر.ق294.7bر.ق44.8bر.ق22.6b12.9x13.1x6.6x
Price to Earnings Ratio

13.1x


Total Market Cap: ر.ق294.7bTotal Earnings: ر.ق22.6bTotal Revenue: ر.ق44.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 11x202320242025
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 11.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market1.00%
Financials1.93%
Banks2.00%
Diversified Banks2.12%
Regional Banks0.27%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 11.7%, which is lower than the prior year's growth of 18.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.5% 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.ق18.823.4%
+ر.ق5.7b		8.3%PB1.4x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق24.301.0%
+ر.ق590.7m		16.4%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.132.6%
+ر.ق429.0m		-5.8%PB0.6x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.321.5%
+ر.ق257.3m		6.5%PB1.7x
DHBK Doha Bank Q.P.S.Cر.ق2.751.1%
+ر.ق96.1m		41.5%PB0.5x

Latest News

QNBK
ر.ق18.82
Qatar National Bank (Q.P.S.C.)
7D
3.4%
1Y
8.3%

QNBK Digital-First Expansion In Egypt And Saudi Arabia Will Drive Stronger Outlook

Analysts have nudged their price target for Qatar National Bank (Q.P.S.C.) slightly higher to QAR 21.66, citing a steady outlook for revenue, profit margins, and valuation multiples that supports maintaining the bank's fair value assessment. What's in the News Qatar National Bank issued earnings guidance for 2025, warning that a 1% full year decline in interest rates could reduce net interest income by QAR 600 million to QAR 800 million if no mitigating actions are taken (corporate guidance).
MARK
ر.ق2.20
AlRayan Bank Q.P.S.C
7D
-2.2%
1Y
-11.6%

MARK: Stable Margins And Slightly Higher Discount Rate Will Support Future Upside

Analysts have modestly maintained their outlook on AlRayan Bank Q.P.S.C., keeping the price target effectively unchanged around $2.57 per share, as minor tweaks to discount rates and forward valuation assumptions did not materially alter their view of the bank's earnings and growth profile. Valuation Changes Fair Value Estimate remains unchanged at QAR 2.57 per share, reflecting a stable intrinsic value assessment.
CBQK
ر.ق4.13
Commercial Bank (P.S.Q.C.)
7D
2.6%
1Y
-5.8%

CBQK: Stable Profitability And Revenue Outlook Will Support Further Upside

Analysts have slightly reduced their price target for Commercial Bank (P.S.Q.C.) to QAR 4.83 from QAR 4.88, citing marginally lower fair value estimates. These are driven by a modestly lower future P/E assumption and largely unchanged views on growth, profitability, and risk.
DHBK
ر.ق2.75
Doha Bank Q.P.S.C
7D
1.1%
1Y
41.5%

DHBK: Future Performance Will Reflect Stable Earnings Expectations And Measured Risk Profile

Narrative Update: Doha Bank Q.P.S.C. Analyst Price Target Analysts have maintained their fair value estimate for Doha Bank Q.P.S.C. at QAR 2.97, with only marginal refinements to inputs such as the discount rate, future price to earnings multiple, and long term profitability assumptions, reflecting steady expectations rather than a material change in outlook. Valuation Changes Fair Value Estimate: Unchanged at QAR 2.97, indicating no revision to the analyst central valuation.
QIBK
ر.ق24.30
Qatar Islamic Bank (Q.P.S.C.)
7D
1.0%
1Y
16.4%

QIBK: Incremental Discount Rate Shift Will Support Positive Future Price Outlook

Analysts have raised their price target for Qatar Islamic Bank (Q.P.S.C.) slightly, increasing it from QAR 26.08 to QAR 26.23. This change is attributed to incremental improvements in the discount rate and future PE estimates.
DUBK
ر.ق3.53
Dukhan Bank Q.P.S.C
7D
0.4%
1Y
-1.2%
QFBQ
ر.ق1.72
Lesha Bank
7D
-1.2%
1Y
27.3%
ABQK
ر.ق3.74
Ahli Bank Q.P.S.C
7D
-3.1%
1Y
7.6%
QIIK
ر.ق11.32
Qatar International Islamic Bank (Q.P.S.C)
7D
1.5%
1Y
6.5%